It's worth noting that many systems that claim to be socialist in reality are anything but. The version that most haunts the American Right, for example is the "socialism" of Venezuela. In Venezuela, socialism is the brand name used by the elite for political cover while they loot everything up to and including things that are literally nailed down, all for their own personal gain. We should be afraid of it. But that's not socialism. That's kleptocracy. Definitely not a functional -ism.
-Peter Zeihan, The End of the World Is Just the Beginning: Mapping the Collapse of Globalization
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