Charles Krauthammer explains why socialism has never worked, does not work now, and can never work in the future..

“If you are obsessed with equality, as they are in Europe, what you end up with is chronic unemployment. Because the real engine of growth is low regulation, low taxation and you allow the golden goose, meaning the private economy, to go ahead and to flourish. And when you over regulate and you overtax it, especially if you are doing it in the name of reducing inequality, you are going to get the opposite effect.” – Charles Krauthammer on “The O’Reilly Factor”