"Socialism promises a utopia that sounds good, but those promises are never realized. It most often results in massive human suffering. Capitalism fails miserably when compared with a heaven or utopia promised by socialism. But any earthly system is going to come up short in such a comparison. Mankind must make choices among alternative economic systems that actually exist. It turns out that for the common man capitalism, with all of its alleged shortcomings, is superior to any system yet devised to deal with his everyday needs and desires. By most any measure of human well-being, people who live in countries toward the capitalistic end of the economic spectrum are far better off than their fellow men who live in countries toward the socialist end."
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Journalists from the United StatesColumnists from the United StatesPeople from PhiladelphiaAfrican AmericansEconomists from the United States
Original Language: English
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WILLIAMS: Socialist Promises (25 May 2019)
https://en.wikiquote.org/wiki/Walter_E._Williams
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Walter E. Williams
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