Myths/socialism leads to poverty

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Myth: Socialism leads to poverty.

Examples

...history has proven that Socialism produced a class of poor people and weak governments that turn to Communism.And Europe except for Germany is in financial turmoil. Any supper power can scoop them up

— James Dailey on Google+


Reality

  • Sweden, noted for its socialist policies, is doing just fine; it remains "the seventh-richest country in the world in terms of GDP (gross domestic product) per capita and a high standard of living is experienced by its citizens."
  • Germany has a comprehensive social security system that includes the world's oldest universal health care system, both of which are often derided as "socialist".

Notes

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