Of course there is no such thing as a good Socialist, but Bernie Sanders is not even a modernized socialist with new ideas. He hearkens back to the failed, old-time, European Socialist model.
Bernie Sanders has long admired the activist, presidential candidate Eugene Debs from the early 20th century.
Mr. Sanders called him “the greatest leader in the history of the American working class” in an admiring 1979 documentary that Mr. Sanders directed about Mr. Debs’s life.
Eugene Debs was convicted in a federal court in Cleveland, Ohio, under the wartime espionage law and ran for president from behind bars.
Eugene Debs was an old European style socialist.
Greece is a perfect example of European Socialism and here is an honest assessment by Patrick Barron of the Mises Institute…
Greece cannot pay its debts … ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor members of the EU pay up? The financial consequences of massive default by most of the EU members is hard to predict, but it won’t be pretty. Europe has built a financial house of cards, and the slightest loss of confidence will bring it crashing down.
The tragedy of Europe has socialism at its core. Europe has flirted with socialism since the late nineteenth century. Nineteenth century Bismarckian socialism produced two world wars. Leninist socialism slaughtered and enslaved hundreds of millions until it collapsed, mercifully without a third world war. Yet, not to be deterred, in the ashes of World War II, Europe’s socialists embarked on a new socialist dream. If socialism fails in one country, perhaps it will succeed if all of Europe joined a supra-national socialist organization. Oh, they don’t call what has evolved from this dream “socialism,” but it is socialism nonetheless.
Socialism will not work, whether in one country, a multi-state region such as Europe, or the entire world. Ludwig von Mises explained that socialism is not an alternative economic system. It is a program for consumption. It tells us nothing about economic production. Since each man’s production must be distributed to all of mankind, there is no economic incentive to produce anything, although there may be the incentive of coercion and threats of violence. Conversely, free market capitalism is an economic system of production, whereby each man owns the product of his own labors and, therefore, has great economic incentives to produce both for himself, his family, and has surplus goods to trade for the surplus product of others. Even under life and death threats neither the socialist worker nor his overseer would know what to produce, how to produce it, or in what quantities and qualities. These economic cues are the product of free market capitalism and money prices.
“Socialism only works in two places: Heaven where they don’t need it and hell where they already have it.” ― Ronald Reagan