It is based on physical reality: over promising limited resources can't work. Socialism is based on this premise. Unfortunately, it can't work in the long term.

It is based on physical reality: over promising limited resources can't work. Socialism is based on this premise. Unfortunately, it can't work in the long term. I would be happy if I am wrong on this one example: I do not wish anyone to be poor. However, wikipedia says median income for MS is 40k now, cf https://en.m.wikipedia.org/wiki/List_of_U.S._states_by_income https://en.m.wikipedia.org/wiki/List_of_U.S._states_by_incom... While for France, it is 20k according to http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=ilc_di04&lang=en http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=ilc_... My numbers may be wrong, as other sources say it would just be above the 12 poorest, see https://mises.org/wire/if-sweden-and-germany-became-us-states-they-would-be-among-poorest-states https://mises.org/wire/if-sweden-and-germany-became-us-state... If France median income is not lower than the poorest US state, but on par with the bottom 1/5 of the states, that still speaks volume. It's burdened by a system that can't work.