Source: Ludwig von Mises Institute
by Wulliam L Anderson
“The doctrines of socialism have been with us for more than 150 years, but no one had really tried it in a total way until the advent of the Soviet Union from the 1920s to the early 1990s. During that period, a number of communist/socialist revolutions occurred in Asia, Cuba, and Africa, all of which provided a laboratory to observe how these socialist economies would perform. The socialist economies failed spectacularly, as Ludwig von Mises had predicted. … But despite socialism’s many failures as an economic system, it is more popular than ever as a political system.” (11/20/25)
https://mises.org/mises-wire/socialism-political-doctrine-not-economic-one