The Embrace of Socialism -- Despite Its Track Record

Larry Elder

One of life's enduring mysteries is why the left -- against overwhelming evidence to the contrary -- insists on more taxation, more government spending and more government control over the private sector. Europe's socialism has, over the last several decades, generated few private sector jobs and lags in growth when compared to the United States with its comparatively lighter hand of government.

What does it take to show that, good intentions aside, government bureaucrats cannot spend money as efficiently and as effectively as the people who produce the money? The most recent example is Venezuela. Hugo Chavez's handpicked successor now presides over a country with food lines and soaring inflation, all directly attributable to the pursuit of a socialist paradise where a benevolent and enlightened government redistributes wealth from the greedy few to the entitled many. It ... does ... not ... work.......To Read More.....