Sebastian Gorka uses 1600 words to sum up a lot of history and present day reality comparing socialism to how free markets work:
If the future of the nation were a function of logic, then conservatives would have a very easy job.
No debate would be needed, really. In the choice between the two competing models Judeo-Christian civilization has given us, with socialist arguments for “big government” on the one side and a market-oriented system that favors the freedoms of the individual over the powers of the state on the other, there would be no contest.
In fact, it would indeed be a formal “no contest,” as only one of the models has ever been realized in the real world in which we live.
Adam Smith, Friedrich Hayek, Ludwig von Mises, and Milton Friedman may have had impeccable credentials in terms of theory, but the whole point of their work is that it occurred within the reality of functioning free markets.
The Laffer Curve was never condemned to remain locked within an ivory tower, solely to be read on the pages of a peer-reviewed journal. The ideas of these philosophical and economic greats were deployed in real time, in the real world, by democratically elected statesmen and leaders such as Ronald Reagan and Margaret Thatcher.
These ideas actually worked in practice. The same cannot be said of the theories of Karl Marx, Friedrich Engels, or Mao Zedong.
Since “The Communist Manifesto” and the later “Das Kapital” were published, nowhere on the planet has the system therein envisaged ever actually been implemented as designed.
Oh, yes, more than 40 countries as culturally diverse as the Soviet Union, Venezuela, and Vietnam have called themselves “socialist” states or said they were implementing the theories of Marx, Mao, and Lenin.
Read more: The Daily Signal