Failed Promises

Socialism still doesn't work:

Collective ownership does feel good. "We'll share everything!" But every attempt at collective ownership has failed. One famous American example: 200 years ago, New Harmony, Indiana, abolished private property, promising a "community of equality." The result was famine. When people realized they could receive just as much barely working as they could working hard, many, naturally, worked less. Within a year, the commune experiment failed and property was returned to private hands. What do these popular social media stars say when I confront them with these inconvenient truths? Sadly, I don't know. Not one would appear on Stossel TV to debate. The bottom line: Incentives matter. No one washes a rental car. Few people care much about what belongs to everyone. It's just human nature. Capitalism isn't perfect, but if we want a better future, and freedom, capitalism is the only thing that works.

Don't replace it with something that doesn't...