In John Stossel’s Monday commentary, he continues to look at the world in black and white. Capitalism, he believes, is good, and socialism is bad. He states that 62 percent of young people have a favorable view of socialism, and then asks, “How can they be so ignorant?” He then goes on a rant decrying the evils of life in North Korea, Russia and China. These are not socialist countries. These are communist regimes. Surely, Mr. Stossel knows the difference.

While both political philosophies seek a more equitable society, they certainly approach it differently. Communism aims to abruptly abolish all private property and centralizes production and distribution of wealth. The aim is for a stateless, classless, moneyless society. Theoretically, there is no government because everyone owns ever

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