The Failure of Socialism and Lessons for America
by Richard M. Ebeling, March 1993
The world is watching the spectacle of Russia and the other captive nations of the former Soviet Union trying to free themselves from their seventy-five-year experiment in socialism. The bankruptcy of the system is accepted by practically everyone. The economies of the former Soviet republics are in shambles. Civil wars and ethnic violence have broken out in an increasing number of territories of the former U.S.S.R. And the quality of medical care, educational facilities and residential housing has been and is continuing to deteriorate.
The disarray, destruction and decay are the logical legacy of the application of the collectivist ideal. This ideal included three ideas:
1)the theory of a planned economy,
2)the belief in collective or group rights, and
3)the notion of socialized or state-provided social services.
During the last seventy years, the socialists had their chance to institute their ideal in many countries around the world. And in every case the result has been disastrous. Socialism in practice has produced tyranny, mass murder, poverty, corruption and cultural destruction. The rejection of socialism by the people of Eastern Europe and the former Soviet Union must be considered the ultimate indictment of the ideology that declared itself to be the liberator of mankind.
...
Yet here in America, at the very time that the end of socialism is heralded as the vindication of the American way of life — a way of life grounded in individual liberty, economic freedom and voluntary association — the American government, with the support of a sizable portion of the populace, continues down the road to socialism. The American people seem oblivious to the lessons to be learned from the socialist experience in other lands. And the ideas leading us further along our road to socialism are the same ones that lead other peoples to the dead-end of state control, economic stagnation, group conflict and societal decay.
http://www.fff.org/freedom/0393b.asp