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Free Enterprise and Socialism | Power Line

Socialism has done more damage than anything else in human history. The Black Death is probably in second place. And yet, you can always find a few people who want to try it again. Why is that? Mostly, I think, because socialism offers to fulfill the dream of power over others. Socialism is a rigid, two-class system: you have an all-powerful elite at the top, and everyone else essentially in servitude. If you think you will be part of the elite, what’s not to like?

For everyone else, of course, socialism is a disaster. Just ask any Venezuelan. Via InstaPundit, that country’ sad story, as it declined from one of the richest countries in the world to one of the poorest:

One of the countries on the chart is Argentina, another nation with a checkered economic and political history. The chart ends too soon to show the remarkable effects of Javier Milei’s policies. Milei, a seemingly unlikely libertarian, is leading a renaissance in Argentina, and that country’s young people, who want a future like young people everywhere, have taken notice:

Let’s hope it doesn’t take a collapse like those experienced by Venezuela and Argentina to demonstrate to young people in America the obvious superiority of free enterprise.



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