A noble impulse lurks in the heart of the young when they take “capitalism” to task in the name of “socialism.” Certainly many aspects of a free-market economy merit criticism, as no less a figure than Adam Smith trenchantly recognized. I only wish these criticisms today came with more discerning historical knowledge about the miserable record of real-existing socialism, especially the Marxist species: the USSR, China, North Korea, Vietnam, and, more recently, Venezuela. How many times can Marxism be said... Read more