Over the last 100 years, the world has seen more than two dozen socialist experiments. It has failed in every country every time it has been tried: in the Soviet Union they implemented one form of socialism, in Yugoslavia another; Chinese socialism differed from the socialism of North Korea; Venezuelan socialism was not the same as Cuban socialism — but every single one of these experiments failed. In response to this catalog of failures, socialists complain, “The idea was right, it was just never properly executed!”

Venezuela, Socialism of the 21st Century