Why Socialism Inevitably Ends in Totalitarian Tyranny

Socialists and other interventionists seek an economic system free from what they call “exploitation” and private property. But in reality, socialism inevitably leads to the forceful and violent expropriation of private property for the benefit of socialist planners.

The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

On its webpage explaining what democratic socialism is, the Democratic Socialists of America (DSA) states that its goal is to replace capitalism with an alternative system featuring collective ownership of the “key economic drivers that dominate our lives” in order to give a “real voice” to ordinary people so they can transition to a supposedly freer, more just life where all can flourish:

Capitalism is a system designed by the owning class to exploit the rest of us for their own profit. We must replace it with democratic socialism, a system where ordinary people have a real voice in our workplaces, neighborhoods, and society.