Top Ten Reasons Socialism is the Worst

3) Socialism Destroys Wealth

Venezuela. Until fairly recently, it was the wealthiest country in all of South America. They have the largest proven oil reserves of any nation on Earth, and yet … the nation is spiraling out of control. Its people are desperate and starving (a recent study reported that, on average, Venezuelans have lost 19 lbs each). Its economy has been left in shambles. The reason? Socialism doesn’t produce or even maintain wealth; socialism destroys it.


About Patrick Stephens 164 Articles
Patrick is the founder and lead editor of the publication. Currently a pastor of many years by trade, Patrick served in the US Army and did his graduate work at both Miami University in Oxford, OH (Social Sciences) and the University of Dayton (Theology) — earning an advanced degree. He enjoys bringing a larger historical and philosophical perspective to his projects. Also, he likes comic books.