Food For Thought: Evil robber barons? – The complete guide to socialism vs. capitalism (myths explained).

"It's true that fascism and socialism aren't exactly the same, but they do have a lot in common. They both replace market decision-making with command and control. While socialism abolishes private property and replaces it with state ownership, fascism leaves private ownership in nominal terms at least, but replaces decision-making with state control and orders. As an average person living your life, whether under socialism or fascism, you lose your autonomy, your control over your own future. Only under capitalism do you have the freedom to say no. Entrepreneurs offer you their services. They offer you employment. You can say no, and choose a better path for yourself. You don't get that same type of choice when someone else is planning the economy."

"People find fault with capitalism. Many think they’d prefer socialism. Why? Because they believe absurd myths about it. For example: When socialist countries fail, defenders say: 'That wasn’t real socialism.' Some say that about the Soviet Union (which made private business illegal). 'That's about as close as the world ever saw to the purest socialist end of the spectrum,' explains economist Ben Powell. Meanwhile, capitalism gets trashed. We are told billionaires get rich by making others poor. But that’s another myth. In the video above, we debunk 5 myths about socialism, and capitalism."

@jeffpadilla9891: "Writing/selling a book about the evils of capitalism is the epitome of capitalism."

@FamiliarAnomaly: "I was a socialist when I was young then i grew up and realized 80% of humans are inherently lazy. You can preach statistics to a young person all day long if their perception of the average human being is delusional you will never convince them of anything."

@ChristianSoldier21: "No amount of evidence will ever persuade an idiot." – Mark Twain

@jamesodell3064: "I love that Noam Chomsky charges colleges $30,000 to speak and then attacks capitalism. No wonder tuition is so high at colleges these days."

@daves3819: "Canada has gone down the socialist path. We now have uncontrolled debt, uncontrolled inflation, uncontrolled crime, uncontrolled government bureaucracy and red tape, uncontrolled antisemitism, uncontrolled loss of freedom and free speech, etc, etc."

@Puchunguita2792: "Bernie Sanders is the perfect example. Was going after the millionaires and after he became one [by publishing books on socialism] is going after the billionaires. Clown show."

@AndyFromm: "Everyone wins when government is smaller and stay out of our lives."

@hertzair: "Capitalism rewards hard work… socialism rewards laziness and non-productivity. Socialism only works for those who don’t… then fails when the money runs out. Socialism doesn’t take in account human nature… no reward, then no hard work or creativity. You see no one leaving Capitalist countries for socialist countries… only the opposite."

More in the John Stossel video.