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Socialism
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Socialism is a political/economic system which when applied anywhere, ideally or badly, immediately destroys wealth, while failing utterly to remediate inequality; alternatively, the political expression of envy disguised as compassion.[1]
Mnemonic: «After the political theory of color, there are red socialism (international socialism, communism[wp]), the brown socialism (national socialism, Nazism[wp]) and the purple socialism (feminist socialism, tits socialism). Nach der politischen Farbenlehre gibt es den roten Sozialismus (internationaler Sozialismus, Kommunismus), den braunen Sozialismus (nationaler Sozialismus, Nationalsozialismus) und den lila Sozialismus (feministischer Sozialismus, Tittensozialismus).»
References
External links
Socialism Does NOT Work - Daniel Hannan[wp] (December 18, 2013) (Size: 13:19 min.)