Utopian thinking has been around since the dawn of time, but the socialist version of that outlook is a relatively recent invention. Government ownership of the means of production and abolishing private property is the socialism of the modern era, thanks mainly to Karl Marx and the British Fabians.
Here in America, this socialism has developed an inordinately large following among Millennials and Gen Xers because America’s public schools for decades have refused to allow students to learn the advantages, flaws and historical performance records of both free enterprise and socialism. Nobody should be surprised then that so many think socialism is the answer to all of America’s problems.
But the facts, according to Brook McIntyre on the latest Colson Center “What Would You Say” video, make it abundantly clear that there really is no comparison between the two systems:
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