When Deng Xiaoping inaugurated an agricultural reform in 1979 which relied heavily on private ownership, he launched the most impressive period of economic growth that any large country has ever experienced. But that ended socialist economic planning. When, on December 25, 1991, Mikhail Gorbachev announced that the Soviet Union was going out of business, that ended the lure of socialism among the intellectuals. They had always clung to socialism because they expected that their class would exercise power in a socialist regime. When it became clear that the Soviet Union was too feeble to impose its will on the Russian masses, that was the end of their infatuation with Communism and socialism. It was always about power. It was never about the logic of socialism.
So, in this month, the 100th anniversary of Lenin’s Bolshevik revolution in Russia, we can rejoice in the fact that socialism is dead. From a theoretical standpoint, it was never alive. It was a corpse from day one. It was sustained by rhetoric, not logic.
October 12, 2017
Why Socialism Is Dead
[Just because it is, and always was, dead doesn’t mean that there aren’t large numbers of people worshiping it and demanding, upon the pain of death to non believers, that others worship it as well. The Second Amendment helps guarantee you can exercise your First Amendment right to freedom of, or from, religion.—Joe]