Socialism's Fundamental Flaws

The official, ultimate demise of the greatest socialist experiment in history, that of the Union of Soviet Socialist Republics, occurred, ironically, on Christmas Day 1991, but only after it had dispossessed, imprisoned, tortured and murdered untold millions of its own citizen in the quest for the workers' chimerical paradise of equality and fairness, where each was projected to produce according to his ability and receive according to his needs.  After 69 years of unremitting misery for the overwhelming majority of its people -- the socialist Nirvana never coming even remotely within sight -- the inevitable economic collapse took place, leaving hapless millions in grinding poverty.  However, Westernized socialism, as practiced in European social democracies and to a lesser extent in the U.S., is still alive, no matter how unwell. What salient faults brought down Soviet socialism and what lessons can be drawn? Are fault lines emerging in socialism's Western iterations which,...(Read Full Article)