Do you know what socialism is? Hillary Clinton struggled to find an answer when recently asked. Socialism is a system in which the government owns or controls the means of production, and allocates resources and rewards.
Sen. Bernie Sanders proudly proclaims himself a “democratic socialist,” and many in the Democratic Party seem to have no problem with it and, in fact, are embracing him and his ideas. Listening to all of this, one gets the feeling that for a significant portion of the population, history began in the year 2000. Where have been the great socialist success stories? Much of the world’s population greatly suffered under various forms of socialism in the 20th century. Not one of the various socialist models proved to be a success.

There was the communist variety of socialism in the former Soviet Union, Eastern Europe, China and Cambodia, which resulted in tens of millions of deaths from starvation and from the gulags. There was the national socialist (Nazi) model in Germany and Italy, which, like the communist version, resulted in tens of millions of deaths. Somewhat more benign, but still coercive, versions of socialism were prevalent in India, many places in Africa and South America, and all resulted in economic stagnation — because productive effort was separated from reward. The two most socialist countries today are North Korea and Cuba — both being very poor and repressive. The average Cuban government worker has a monthly wage which is less than what the average American worker makes in an hour.