Truth BOMB By Econ Professor DESTROYS Liberals’ Call For ‘SOCIALISM’

With all those entitled whiners who feel the need to push for “socialism,” this will be a breath of fresh air to young males who wish to be men versus hipster dandies…

Given the recent rebirth of socialism, especially as it is now being embraced by young Americans, I thought it might be a good time to re-visit Mark J. Perry’s 1995 essay to review why socialism: a) failed in the 20th century, b) is failing in the 21st century (e.g. Venezuela, see photo above), and c) will always fail. And that’s because it’s a flawed system based on completely faulty principles that aren’t consistent with human behavior and can’t nurture the human spirit.

Here’s are some excerpts of Perry’s 1995 essay “Why Socialism Failed”:

1. Socialism is the Big Lie of the twentieth century. While it promised prosperity, equality, and security, it delivered poverty, misery, and tyranny. Equality was achieved only in the sense that everyone was equal in his or her misery.

2. The strength of capitalism can be attributed to an incentive structure based upon the three Ps: (1) prices determined by market forces, (2) a profit-and-loss system of accounting and (3) private property rights. The failure of socialism can be traced to its neglect of these three incentive-enhancing components.

3. By their failure to foster, promote, and nurture the potential of their people through incentive-enhancing institutions, centrally planned economies deprive the human spirit of full development. Socialism fails because it kills and destroys the human spirit–just ask the people leaving Cuba in homemade rafts and boats [and those waiting in long lines today in Venezuela struggling, and often failing, to buy food].

4. The temptress of socialism is constantly luring us with the offer: “give up a little of your freedom and I will give you a little more security.” As the experience of this century has demonstrated, the bargain is tempting but never pays off. We end up losing both our freedom and our security.

According to clashdaily,

Is Socialism the ‘Great Equalizer’?

The Leftists are pushing right over into Socialism.

But they really don’t understand what socialism does.

This Economics prof decides to school some of the entitled little Che-shirt-wearing, ‘Feel the Bern’ socialists.


Boom!

Right in the ideology!

OUCH!

Do you think these kids learned the lesson?

Let us know in the comments.

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