Insights On Limits Of Socialism

By Leo Gura - May 26, 2026

I do not support this speaker’s overall body of libertarian work and arguments. However, there are a couple of powerful insights here about the problems with socialism.

Specifically, I am talking about the insight that private property IS the mechanism by which society decides which crops you can grow. Private property is much deeper than Marxists understand. Private property is what allows each individual to decide what they want to work on. Without private property, there is no efficient mechanism to decide who can work on what. To say you own a business means you get to decide what values the business follows. That means no politician gets to tell you what you can and can’t work on. Private property is a clean, efficient way to handle this issue. If you get the idea to start a business, no government bureaucrat can tell you No because the business is your private property. When you get rid to private property — as true Marxism must do — that stops being true. And that is a much bigger deal than socialists understand.

In the Soviet Union my father was imprisoned for starting his own business. That’s what it actually means to eliminate private property. It isn’t as cute as socialists make it sound.

“But Leo, under my socialism you can still start your own business!” If that’s the case, then your socialism solves nothing, because as long as you allow people to start and own businesses, you will have disgusting levels of income inequality. The question for every socialist is this: Am I allowed to start my own business and grow it to be worth billions of dollars? Either way they answer that question, it will be bad.

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