Capitalism, Socialism and Communism Explained in One Minute

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1. is there any need to talk so fast?????
2. The first part isn't wrong (except the part where everyone makes the same amount of money, that's wrong). Although you completely fucked up towards the end. Taxation does not a socialist society make. It just means you have redistribution of wealth. Socialism is defined as the social ownership of the means of production. In Sweden, Denmark, the US or the UK, that doesn't exist. It's just capitalism. Not pure laissez-faire capitalism but still capitalism. China is a sort of special case. It has private property that competes with state property. It's basically state capitalist.
   Also, under socialism you'd have democracy. I mean, even Karl Marx said that "democracy is the road to socialism." The USSR and Cuba, contrary to what you may believe, has a fair amount of democracy. People gave out their opinions in councils which would be taken into the state to be implemented in the most scientific way possible.
3. When one observes the nightmare of the desperate efforts made by hundreds of thousands of people struggling to escape from the socialized countries of Europe, to escape over barbed-wire fences, under machine-gun fire—one can no longer believe that socialism, in any of its forms, is motivated by benevolence and by the desire to achieve men’s welfare.
   
   No man of authentic benevolence could evade or ignore so great a horror on so vast a scale.
   
   Socialism is not a movement of the people. It is a movement of the intellectuals, originated, led and controlled by the intellectuals, carried by them out of their stuffy ivory towers into those bloody fields of practice where they unite with their allies and executors: the thugs.
4. The essential characteristic of socialism is the denial of individual property rights; under socialism, the right to property (which is the right of use and disposal) is vested in “society as a whole,” i.e., in the collective, with production and distribution controlled by the state, i.e., by the government.
   
   Socialism may be established by force, as in the Union of Soviet Socialist Republics—or by vote, as in Nazi (National Socialist) Germany. The degree of socialization may be total, as in Russia—or partial, as in England. Theoretically, the differences are superficial; practically, they are only a matter of time. The basic principle, in all cases, is the same.
   
   The alleged goals of socialism were: the abolition of poverty, the achievement of general prosperity, progress, peace and human brotherhood. The results have been a terrifying failure—terrifying, that is, if one’s motive is men’s welfare.
   
   Instead of prosperity, socialism has brought economic paralysis and/or collapse to every country that tried it. The degree of socialization has been the degree of disaster. The consequences have varied accordingly.
5. The history of the world is clear..... no other form of government holds a candle to free market capitalism in its ability to raise the poor out of poverty
6. Social programs aren't really the same thing as Socialism. Socialism requires a ban on private property and private profit.
7. I love your videos. Keep up the good work.
8. I understand you only have a minute but it should be noted that socialism destroys any incentive to maximize productivity and leads to more inefficient economies and eventually poverty.
9. Yeah. Putting the US in the same "bag" as the UK (which has free health care and education) is pretty far off.
10. Clear up some misconceptions, make more misconceptions.