SURELY one of the strangest trends in today’s world is the growing fascination with Socialism, or maybe more accurately the word Socialism. A prominent progressive and Bernie supporter, Ryan Knight, just made a big splash about changing his twitter handle from @proudprogressive to @proudsocialist. But I am not altogether sure if Ryan, or any of the people using the word “Socialism” actually understand what it means. And CLEARLY they don’t understand it’s many, many intellectual flaws. So as a public service, I’m going to talk about some of the different intellectual flaws of socialism.
The first intellectual flaw is the belief that ending private ownership of the means of production ends greed. It doesn't. It just closes off one channel, and causes that greed to flow through a different channel. Factory managers under socialism are just as greedy as factory managers under capitalism - they just lie about it.