The rise of Socialism: Standing on the shoulders of morons | Sovereign Man
All of this began with a premise that the government could centrally plan prosperity– that a tiny political elite could engineer wealth and efficient productivity while simultaneously providing an endless supply of free benefits to the constituents who keep them in power.
This experiment in central planning has notoriously failed throughout history (and it bankrupted Venezuela in less than two decades).
Yet we invariably see it rear its ugly head over and over again despite its dismal track record… especially in times when wealth and income inequality rise.
Every time people feel like they’re getting screwed by the system… every time they feel like someone else has an unfair advantage, there are cries to seize assets, confiscate wealth, and centrally plan prosperity.
We’re starting to see those calls rise again in the Land of the Free, where a whole spate of socialist-leaning candidates are coming out of the woodwork… including some presidential contenders.
There are now 40 socialists in Congress, including the infamous 29-year old Alexandria Ocasio-Cortez, who think it’s a great idea to centrally plan the economy, jack up tax rates to confiscatory levels and even nationalize certain private industries.