**
Third, the moraly guided romantic ethos of a perfect society in which everyones needs are met is intrincically much more apealing than the grey, amoral capitalist 'invisible hand' invisioned by Adam Smith, even though the capitalist invisible hand has proven to be more efficent at generating wealth. This can be observed in Latin America where many continued to be mesmerized by the romance of Communist revolution even though socialism has abjectly failed (Cuba, Nicaragua, and Venezuela), and capitalist free market reforms have proven enormously sucessful (Brazil and Chile). In fact of the 50 or so countries that have attempted socialism--all have been abject failures. The only prosperous countries in the world are countries with core capitalist countries. While pronounced in Latin America, this ethic is certainly not limited to Latin America. There is a general left-wing bias among educators and media people throughout the Western world, including the United States. A good example of this is the 'Make Povery History' campaign. Despite its abject failure time and time again, socialism continues to attract vast support with its blissful utopian allure.
Navigate the Children in History Website:
[Return to the Main continuing appeal of socialism page]
[Return to the Main capitalism page]
[Return to the Main modern industrial era economics ]
[Return to the Main Economics Page ]
[Introduction]
[Animals]
[Biographies]
[Chronology]
[Climatology]
[Clothing]
[Disease and Health]
[Economics]
[Ethnicity]
[Geography]
[History]
[Human Nature]
[Law]
[Nationalism]
[Presidents]
[Religion]
[Royalty]
[Science]
[Social Class]
[Bibliographies]
[Contributions]
[FAQs]
[Glossaries]
[Images]
[Links]
[Registration]
[Tools]
[Children in History Home]