by Dan Mitchell
Whether we’re looking at the technical definition of socialism (government ownership, central planning, and price controls) or the casual definition of socialism (punitive tax rates, welfare state, intervention), the ideology has a track record of failure.
That’s the bad news.
The good news is that it is easy to mock socialism.
And that’s the focus of today’s column.
We’re going to start with a cartoon strip that exposes the silly notion that government can give us “free” goodies.
Our third item compares socialism in theory and socialism in reality.
We’ll close with my favorite item, though it applies to millennials as well as teenagers. Heck it applies to almost everyone who thinks there is some magic source of money for endless government-provided goodies.
Some of you may ask why I didn’t write “everyone” rather than “almost everyone”?
I included a qualifier because I think many leftists are guilty of well-meaning naivete. Basically they think like Chris Hayes of MSNBC, who infamously tweeted that we can afford bigger government because, “We’re a very rich country. We’ll figure it out.”
But some folks on the left actually do understand Thatcher was right, but they still push endless redistribution because they care more about short-run political power rather than the long-run interests of the nation.