If you’re paying any attention at all, you have heard the word “socialism” thrown around a whole lot more in the last few years than ever before. At least, you’ve heard it more frequently without an expletive before it. In fact, the current leader in the contest for the Democratic Party nomination for President is a self-described and unapologetic socialist.

But what does that really mean? The vast majority of us—I think—abhor the idea of socialism, but do we really know what it is? And a common critique (for good reason) of socialism is that it will utterly destroy an economy, and/or lead to outright communism. Is that true? Wait! What IS communism?

And hold it: isn't socialist paradise found in Norway and Denmark? Shouldn’t we learn from them and imitate?

I dive into these questions and more with James Harrigan and Antony Davies, both Distinguished Fellows with FEE, the Foundation for Economic Education. Check out their fantastic and popular podcast, Words and Numbers!