Capitalism

John Stossel | 12.24.2025 12:30 AM

People criticize capitalism. A recent Axios-Generation Lab poll says, "College students prefer socialism to capitalism."

Why?

Because they believe absurd myths. Like the claim that the Soviet Union "wasn't real socialism."

Socialism guru Noam Chomsky tells students that. He says the Soviet Union "was about as remote from socialism as you could imagine."

Give me a break.

The Soviets made private business illegal.

If that's not socialism, I'm not sure what is.

"Socialism means abolishing private property and…replacing it with some form of collective ownership," explains economist Ben Powell. "The Soviet Union had an abundance of that."

Socialism always fails. Look at Venezuela, the richest country in Latin America........

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