Yet, there they are: Americans socialists going gaga over self-proclaimed socialist Bernie Sanders, wishing that he had been elected president, and exclaiming that he would have saved America with his socialist programs.

This is all quite bizarre.

After all, look at Venezuela. You couldn't find a better example of a socialist system. Yet, look at the results: misery, suffering, poverty, chaos, crisis, conflict, tyranny, and violence.

What do socialists say about Venezuela? They say that the problem in Venezuela is not socialism but rather not enough socialism. If the government is able to stomp out the last vestiges of private economic activity in Venezuela, they say, happy days will finally arrive in that country.