Call Me Stormy

Finding righteous currents in turbulent times

Debunking Socialism Myths

Socialism is now as popular as capitalism among young people. That’s because they are being told nonsense. John Stossel tries his hand at debunking five socialism myths, including the scenario that follows when it fails and people always say, “That wasn’t the real socialism.”

He explains that after the fall of the Soviet Union, many thought that socialism would bring misery. But intellectuals, such as Professor Noam Chomsky, convinced many that it was capitalism that was a grotesque catastrophe and the Soviet Union was about as remote from socialism as you could imagine. Ridiculous, to say the least. Economist Benjamin Powell explained that when the Soviets made private business illegal, that was about as close as the world ever saw to the purest socialist end of the spectrum. Here’s more debunking from Stossel.

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