Harry Bosch
Contributor
I don't think socialism failed. it just did not work in such a way to be pleasing to certain subsegments of the population used to a whole lot more than socialism would have given them. To say socialism failed because the Soviet Union fell apart is like saying republicanism and democracy failed because it didn't provide the former aristocracy with welath and power it had under the old regime. Me? Who cares about them. You could argue too democracy and republicanism failed because the first French Republic devolved back into a monarchy. You try new things, find out what works, find out what to do better next time. France has been a stable democracy and republic since the end of World War Two.
Russia wasn't anything like socialist and thus it's failure says nothing about socialism.
Rather, look at Zimbabwe and Venezuela for the reality of socialism.
We had the disaster in the USA of the Great Depression. And of course that hit hard in German and elsewhere. Do we then conclude capitalism is bad? We have the systems of the Scandinavian nations some call socialism that work rather well. So what represents socialism? Venezuela or Sweden? Zimbabwe was not socialism as per se. It was confiscation of white farms on the grounds that whites had dispossessed black farmers and that was theft being undone. whether that was correct or poorly handled is not really an issue of socialism. And we can point to the problems here in the USA with the poverty and incompetent systems of red Southern states, Alabama, Mississippi, Kansas and Louisiana. Capitalism right wing style is not really that successful there is it? If it wasn't for large sums of money sent to these parasite states from the blue donor states we would have Venezuela happening there. Mismanagement isn't really about socialism vs capitalism.
Of course capitalism can lead to dramatic depressions and recessions that correct or cool down a heated market. But four or five years in a down capitalist economy is still far better than a lifetime in a socialist one for most people. The Scandinavian countries have bigger safety nets than the US. The Scandinavian countries still have recessions also, but their safety net blunts their impact and protects citizens better than the US system.