Socialism Is the Wrong Path for America
Socialism Is the Wrong Path for America Socialism is once again fashionable in America. For many Americans—particularly younger generations—the word no longer conjures images of the Soviet Union, breadlines, central planning, or government ownership of industry. Instead, socialism is increasingly associated with promises of free healthcare, free college, greater economic equality, and a government willing to guarantee more financial security. Those goals can sound appealing. But before America embraces socialism as the answer to its economic and social problems, we should ask a more important question: What does history tell us happens when societies move away from free markets, private property, and individual economic freedom and toward greater government control? The historical record provides a sobering answer. Capitalism is imperfect. It can produce inequality, economic disruption, corporate concentration, and financial crises. But socialism has repeatedly produced something...