These myths about the "greatness" of socialism just won't die, even after tens of millions of people have because of it.

3 Myths of Socialism Debunked by Venezuela’s Nightmare

by Barry Brownstein


History provides endless examples of vicious despots ruling under various collectivist ideologies. Hitler, Mao, Stalin, Pol Pot, and—today—Kim Jong-un and Nicolás Maduro may have had different names for their collectivist ideologies, but they have resulted in the deaths of countless millions of people and endless misery for the survivors.

Alarmingly, a majority of millennials would prefer to live under socialismor communism. Economically illiterate and ahistorical, they cling to the fantasy that if the right people came to power, they would live in their imagined utopia where society would be ordered according to their whims and wishes.

“Venezuela’s collapse has been far worse than the chaos” he experienced in Russia.

Reporter Anatoly Kurmanaev has lived in and covered Venezuela for the past five years. He describes his experience of the Venezuelan meltdown in a recent essay for theWall Street Journal, "The Tragedy of Venezuela."

Kurmanaev grew up in Russia in the 1990s and witnessed “corruption, violence and degradation.” “Venezuela’s collapse has been far worse than the chaos” he experienced in Russia.

In my FEE essay, "Venezuela’s Road to Literal Serfdom," I cover delusions people have about socialism. Through the eyes of Kurmanaev’s reporting, we can further explore myths about socialism still embraced by many.

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