The Other Problem With Socialism

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The Other Problem With Socialism

The short version

  • They always run out of other people's money." Over the years, that quote has been whittled down to the renowned proverb: The problem with socialism is that you eventually run out…
  • This is a powerful argument against socialism.
  • Even better, it has been validated time and time again, most notably when the Union of Soviet Socialist Republics collapsed in 1991.
  • The Soviet Union was an economic basket case, and the whole world witnessed its demise.
  • But socialism has an even bigger problem: it is immoral.

The story

The Other Problem With Socialism

Authored by Chris Talgo via American Thinker,

In 1976, Margaret Thatcher said during a television interview, "Socialist governments traditionally do make a financial mess. They always run out of other people's money."

Over the years, that quote has been whittled down to the renowned proverb: The problem with socialism is that you eventually run out of other people's money.

This is a powerful argument against socialism. Even better, it has been validated time and time again, most notably when the Union of Soviet Socialist Republics collapsed in 1991. The Soviet Union was an economic basket case, and the whole world witnessed its demise.

But socialism has an even bigger problem: it is immoral.

Even if it did somehow work efficiently and effectively at an economic level, it would still be immoral.

A broad definition of "moral" is "conforming to a standard of behavior that is considered right and good by most people." Morality is synonymous with truth, honor, honesty, fairness, righteousness, and virtue.

Immorality is the antithesis of morality. It is synonymous with wickedness, callousness, evil, sin, vileness, viciousness, darkness, and ruthlessness.

Socialism, in its depraved but effective way, appeals to people's worst instincts and impulses. It presents the world as a zero-sum game in which there are winners and losers. It pits groups of people against each other based on arbitrary measures. For the narrow-minded, it makes sense.

It embodies most of the seven deadly sins.

Pride: Socialists have zero humility because they reject the fallibility of humanity. They can micromanage an entire society. They can create a centralized, one-size-fits-all, command-and-control utopia. They know all and know best.

Envy: Taking one's property because they have too much to give to others who have less is not noble; it is theft. Stealing with state-sanctioned approval is unjust. The sheer resentment that some have more, better, or bigger material possessions is the driving force of socialist ideology.

Wrath: Socialist doctrine fuels anger, rage, violence, and a desire for vengeance against the so-called oppressors. Instead of mimicking the successful, the people turn their ire toward them.

Sloth: Because socialism is about passing the buck and the blame, it excuses idleness and promotes laziness. It allows one to shirk personal duties and retards personal growth.

The above is far from a comprehensive list of socialism flaws or features, depending on where one sits on the moral relativity scale.

For those who outright reject moral relativism, deconstructionism, postmodernism, and critical theory in favor of universal truth, reason, logic, and fairness, socialism is obviously not up your alley.

Alas, for millions of Americans, especially Americans born after the Cold War, socialism has been branded very differently. Socialism has been presented to them with a smile. For America's youth, socialism is like a happy meal because it brings nothing but joy.

I know this from first-hand experience in several public schools over the years. It is no big secret that the K-12 education system leans left.

However, it is a well-kept secret that young Americans have been, and are being, indoctrinated that socialism is just, fair, and good in public schools. In the meantime, they are being purposely miseducated about American history, especially the nation's founding.

Such is why young Americans are champing at the bit to vote for socialists.

The left's long march through the institutions has created a culture that champions socialism under the misguided assumption that it is moral.

This is incredibly dangerous because these young minds are also unaware that socialism, as Thatcher said, leads to bankruptcy.

If socialism can be rebranded as morally wholesome despite its undisputed track record of mass murder, misery, and poverty, it can rise from the ashes in the United States.

It would be tragic if the United States, which fought on the side of freedom throughout the Cold War, succumbed to socialism in the end. I worry the rising tide of suicidal empathy, coupled with a lack of knowledge about socialism's history and sheer immorality, could bring a socialist revolution to the United States. I hope I am wrong.

Chris Talgo ([email protected]) is editorial director at The Heartland Institute.

Tyler Durden Fri, 06/26/2026 - 22:35
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