Almost half of young Americans have a favorable opinion of socialism, which is like having a positive opinion of termites.

One of our economic policy council members, Sanjai Baghat, who teaches economics at the University of Colorado, sent us these five charts of what happens when countries have moved toward capitalism and when they move in the opposite direction.

Socialism/collectivism always make people poorer.

Free markets make people (even the poorer) richer.

It’s an inviolable law, much like the sun rising in the east and setting in the west. And half of our intellectuals don’t get it.