Why Is America Engaging in Socialism, When Most of World Is Moving Away from It?
https://www.cnsnews.com/commentary/rob-natelson/why-america-engaging-socialism-when-most-world-moving-away-it
If any public policy lesson stands out from the experience of the 20th century, it is that socialism doesn’t work. I use the word “socialism” in its technical sense of government ownership of the means of production—or, in lay language, government operation of business enterprises.
Socialism in this narrow sense must be distinguished from the modern welfare state, in which the government allocates a large share of economic resources but does not presume to produce them.
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However, one does not have to resort to horrific cases to communicate the record of socialism. Socialism in its softer forms offers lessons as well. Government ownership of business enterprise almost bankrupted Great Britain, Canada, and New Zealand. It did bankrupt Greece. Everywhere it has greatly retarded economic progress. That is why so many countries have joined the global movement toward privatization.
Perhaps surprisingly, the major nation learning least from the failures of socialism has been the United States. Enterprises such as airports and passenger trains, which are now private in Great Britain, have remained thoroughly socialized in the United States. With some exceptions, the current U.S. trend actually is toward more socialism.
This trend seems to defy common sense.
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Mad Poet Strikes Again.
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