What's the real definition of socialism? How is it distinct from regulation and a social welfare state? Why are intellectuals still enamored of a system that brought us Stalin, Hitler, and more recently Hugo Chavez and Kim Jong-Il? And what can the United States learn from Sweden about free enterprise and capitalism?
Reason.tv's Nick Gillespie sat down with Kevin Williamson, who is deputy managing editor of National Review and author of a new book, The Politically Incorrect Guide to Socialism, to discuss the meaning of socialism in history and the current moment.
I just finished reading Williamson's book and it's an excellent and very readable primer on the subject. What it reinforces is the historically proven ecomomic fact that centrally planned economies don't work, can't work and will never work. Even in countries like Sweden where the people generally support the notion of socialism, they're finding that the system eventually collapses on itself and they must move to freer economies in order to survive.
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