In this episode of Beyond 80%, host Ryan Olexson sits down with economist and author Doug Cardell to break down one of the most misunderstood and emotionally charged topics in modern political conversation: socialism. Doug, who earned a PhD in economics specifically to understand why socialism fails, walks Ryan through the actual definition of socialism, why it gets confused with the Nordic model, what true socialist countries look like today, and why centrally planned economies are not just politically problematic, but economically impossible. From North Korea to Venezuela to the Mayflower colony, the conversation traces the full history of what happens when governments try to control economies, and why capitalism, for all its imperfections, has done more to lift people out of poverty than any other system in human history.
In this episode of Beyond 80%, host Ryan Olexson sits down with economist and author Doug Cardell to break down one of the most misunderstood and emotionally charged topics in modern political conversation: socialism. Doug, who earned a PhD in economics specifically to understand why socialism fails, walks Ryan through the actual definition of socialism, why it gets confused with the Nordic model, what true socialist countries look like today, and why centrally planned economies are not just politically problematic, but economically impossible. From North Korea to Venezuela to the Mayflower colony, the conversation traces the full history of what happens when governments try to control economies, and why capitalism, for all its imperfections, has done more to lift people out of poverty than any other system in human history.
Get the book: https://www.amazon.com/Why-Socialism-Struggles-Exposing-Undermine/dp/B0FMT74MJR