Socialism promises a utopia that sounds good, but those promises are never realized. It most often results in massive human suffering.
Let’s examine the history of socialism.
Venezuelans who escaped their country’s socialism understand now that socialism creates poverty.
Indeed, democracy and freedom are frequently heralded as being synonyms. An important question, however, is, What do these concepts mean, and are they in fact synonymous?
The idea that there is a third system — between socialism and capitalism, as its supporters say — a system as far away from socialism as it is from capitalism but that retains the advantages and avoids the disadvantages of each — is pure nonsense.
Analyzing interventionism during the First World War in Germany and England.
The fact is that economic calculation, and therefore all technological planning, is possible only if there are money prices, not only for consumer goods but also for the factors of production.
In a capitalist society, there is continuous mobility—poor people becoming rich and the descendants of those rich people losing their wealth and becoming poor.