F. Bastiat wrote a convincing analysis of the failure of Socialism in 1849.
http://www.gutenberg.org/files/15962/15962-h/15962-h.htm
Had anyone learned from that, imagine the number of unnecessary deaths during the 20th century alone.
Oh, but the right people have not tried this yet? // sarcasm
May God help the U.S. now.
Astute fellow, wasn’t he? Sadly prescient as well.