It is a tune many failed socialist nations have heard before. When the mainstream media proclaimed a few years ago, “We are all socialists now,” people shrugged their shoulders and went about their capitalist business.
Do Americans at large understand that socialism involves various economic and political theories which advocate collective or government ownership of the means of production and the distribution of goods? I bold-faced the word “theories” because the practice is quite a resounding failure in most countries in which it was tried or it is currently used.
