5 Socialism Myths: Part 1
Uploader: John Stossel
Original upload date: Tue, 02 Feb 2021 00:00:00 GMT
Archive date: Tue, 15 Nov 2022 01:14:09 GMT
Socialism is now as popular as capitalism among young people. That’s because they are being told nonsense. So in this video (and the next) we’ll debunk socialism myths. ---- Don't miss the weekly vShow more
ideo from Stossel TV. Sign up here: https://johnstossel.activehosted.com/f/1 ---- After the fall of the Soviet Union, I thought everybody would realize that socialism brings misery. But no, “intellectuals” like Professor Noam Chomsky convinced many that it was capitalism that was “a grotesque catastrophe,” and “The Soviet Union … was about as remote from socialism as you could imagine.” But that’s ridiculous. Economist Benjamin Powell explains that when the Soviets made private business illegal, “that’s about as close as the world ever saw to the purest socialist end of the spectrum.” That’s “Myth 1”. Whenever socialism fails people always say, “but that wasn’t ‘real’ socialism.” In this video (and our next) we debunk 5 ridiculous myths about socialism.