FAST FIVE: East Germany Remains A Powerful Example Of What Happens After We "Smash Capitalism"
Not the gray, dour, socialism of the Eastern Bloc.
Obviously, the West won that debate, although many Western socialists failed to get the memo.
Warren Nutter at the University of Virginia had done empirical work showing that the much-vaunted economic growth in the Soviet Union was a myth.
Clearly, the fact that the old Eastern Bloc countries have moved toward liberalization has set those countries on a path toward greater economic prosperity.
But the US isn't as far from the socialist end of the spectrum as many think.