Socialism is now as popular as capitalism among young people. That’s because they are being told nonsense.

• After the fall of the Soviet Union, I thought everybody would realize that socialism brings misery. But no, “intellectuals” like Professor Noam Chomsky convinced many that it was capitalism that was “a grotesque catastrophe,” and “The Soviet Union … was about as remote from socialism as you could imagine.” But that’s ridiculous. Economist Benjamin Powell explains that when the Soviets made private business illegal, “that’s about as close as the world ever saw to the purest socialist end of the spectrum.” That’s “Myth 1”. Whenever socialism fails people always say, “but that wasn’t ‘real’ socialism.” In this video (and our next) we debunk 5 ridiculous myths about socialism.