Margaret Thatcher explained that socialism fails when the government runs out of other people’s money to share.
Obama told Joe the Plumber it was important for him to do well so the government could take money from him to give to others.
Karl Marx said that each should work based on their abilities, so they could give to others based on the need of the other.
This is what the American Safety Net and the American Welfare System do; they take from the "greedy" who work to achieve and give to the victim who believes they deserve.
The principle difference between capitalism and socialism is that capitalism creates unlimited wealth and socialism brings about declining wealth. Capitalism plants seed to grow more crops so more can be consumed and socialism plants less and less seed so there is less and less to consume.
The states that have been practicing socialism are today suffering from their short sighted, politically correct, and power grabbing policies that have been employed by Marxist/Progressives (Democrats). These polices have secured the political positions of Marxist/Progressives (Democrats) in these different states but have also brought about the inevitable end that comes with giving away more and more to people because they exist, while taking from the “greedy” who believe in work, production, and achievement.
These American states are drowning in ‘irretrievable’ debt:
Connecticut may be the richest state in the country, on a per capita basis, but it's racked up a sizable debt worth more than $53 billion – and it will be taxpayers who are the only available source to bail out the state, if it is even possible.
And Connecticut isn’t the only state struggling with a debt crisis: California, Illinois, New Jersey and New York are unable to make pension payments to retired government workers.
In Illinois, for instance, vendors wait months to be paid by a government that’s $30 billion in debt, and one whose bonds are just one notch above junk bond status. New York’s more than $356 billion in debt; New Jersey more than $104 billion; and California more than $428 billion.
The United States government is in much the same position. Nobody seems to care. The more we stick our heads in the sand and do nothing, the quicker we will be facing the same crisis the people of Venezuela are facing.
I know, the Marxist/Progressives (Democrats) and the Republican Establishment tell us that the United States and Venezuela are two different countries. That is true, but the inevitable result of socialism has never cared what the name of a country is. Socialism’s only concern has been to plant less and less seed so more and more seed could be given based on need and not production. Then one day it is discovered there is no more seed to plant or to give away, isn’t that right Soviet Union, members of the Soviet Block, Mao’s China, Castro’s Cuba, Venezuela, Connecticut, California, Illinois, New Jersey, New York, and shortly the United States.