“Socialism didn’t work. Socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.”

– David Horowitz

Socialism is strangely impervious to referendum in real-world experience. Over the past hundred years, there have been dozens of attempts to build socialist dynasties. The Soviet Union, Maoist China and Venezuela thought they were too big to fail. Yet die hard socialists will claim they failed because were “hybrid-socialist.” None will admit they failed because socialism is a Ponzi scheme.

Given the recent resurgence of socialism, especially now that it is embraced by the left and we have socialists at every level of American government, it’s time to re-visit all the reasons why socialism fails. It’s also time to dispel the myths about…

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