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  1. Terthna

    Economics Socialism: The Failed Idea That Never Dies

    True, but state ownership is technically social ownership, which is one of the core principles of Socialism. It just doesn't look like Socialism because it's such a tiny part of it in isolation; like taking a single Lego brick from someone else's project, and using it in your own.
  2. Terthna

    Economics Socialism: The Failed Idea That Never Dies

    Well, some things just don't work the way they should when owned and run by the private sector; take jails for example. Thanks to certain perverse profit incentives, privately own jails often end up being used as something akin to slave labor camps. Sometimes, having the Government take control...
  3. Terthna

    Economics Socialism: The Failed Idea That Never Dies

    Fact of the matter is, Socialism does have some good ideas; just not enough to stand on its own as a workable system.
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