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Weapons of Mass Disinformation

Originally published at The Washington Times

If someone advocates an ideology that has contempt for the individual and has caused untold economic misery and the deaths of hundreds of millions at the hands of their governments, what would you think of that person?

The ideology I refer to is, of course, socialism and its numerous variations, including the utopian socialists, the Fabian socialists, the National Socialists, and, naturally, the communists. Socialism is simply an economic system where the government (or collective) owns and controls the means of production. Given that the two centuries of socialists' experiments, whether by utopians, Marxists, or Fabians, always ended in economic failure and a loss of personal liberty, why are people around the globe still proudly proclaiming themselves socialists? Socialist parties are still popular in parts of Europe, Latin American, and in much of Africa. Socialist parties have been elected to power in both Spain and Portugal in recent months. Many college professors and students on U.S. campuses claim to be socialists.

The "national socialists" caused the death of tens of millions of people. The communists in Russia, China, Cambodia and elsewhere caused the collective deaths of more than 100 million people and impoverished billions of others. (I happened to be at the Kremlin in Moscow in August 1992, when the Russia demographers announced they had determined there were 63 million "excess deaths" in the Soviet Union during Josef Stalin's reign — 1923-53.)

The Third World socialists have kept their countries unnecessarily mired in poverty for a half-century. The democratic socialists gained control in England in 1945 under Clement Attlee. As a result, the British economy was run into the ground. Hence the British people voted to reprivatize their economy under Margaret Thatcher beginning in 1979.

Other democratic socialist economies had the same types of failure, so by the 1980s privatization became the vogue as it was obviously necessary to re-ignite economic growth.

Yet, the socialists keep coming back. They deny or ignore previous failures and say the next time "we will do it right." Socialism only fails and will continue to fail because its theory is as flawed as its practice.

Continue Reading at The Washington Times

Richard Rahn

Richard W. Rahn is an economist, syndicated columnist, and entrepreneur. He was a senior fellow of the Discovery Institute. Currently, he is Chairman of Improbable Success Productions and the Institute for Global Economic Growth. He was the Vice President and Chief Economist of the United States Chamber of Commerce during the Reagan Administration and remains a staunch advocate of supply-side economics, small government, and classical liberalism.