Socialism in a Nutshell: Why Socialism Fails Every Time

The reason why socialism fails every time is that the ideology of socialism reaches so far outside the bounds of human nature and economic reality. In this video, in response to a question I got from a commenter, I cover some of the basic economic reasons for why socialism fails every time as well as in relation to human nature.

It is important to note that socialists will try to twist socialism to suit their own agenda, and how they define socialism is completely warped. Socialists want you to see socialism from how they imagine socialism to be, rather than the practical reality of socialism in the real world. The examples I give show the consequences of their actions that explain the basis for why socialism cannot avoid such a catastrophic economic mess.

I must also add that socialism does destroy the incentives for people to work hard, but this correlates to the argument I made against communal ownership of property. It takes away the rights and liberty of the individual to own the fruits of their own labour and without that the people lose the will to live.

Socialists might feel they're doing good by working for the collective, but that's all it is, good intentions, they don't understand the dire consequences of their actions. It's all well socialists speaking about the theoretical nonsense of socialism, but what really matters is what is put into practice.

My explanation touches the surface of socialism and covers the basis for why it's such a disastrous failure. I could have went more into depth on the destruction of incentives, but what I've covered are the main reasons for why socialism fails every time and explains socialism in a nutshell.