- But simply put, it’s a system based on collective or government ownership of goods and services, as opposed to private ownership or markets...
Its other defining feature?
- It always fails, usually horrifically.
- Historians generally agree there have been more than two dozen major national attempts at socialism, all of which ended in tyranny and economic collapse.
This dismal history has inspired advocates over the ages to produce new “versions” of socialism, ones they insist will finally produce magic...
- The modern twist is democratic socialism. Its proponents chose that descriptor with care...













