Realities of Socialism

The Realities of Socialism is a multimedia project—a collaboration between organizations in Canada, Australia, the United States and United Kingdom—to educate people about the experiences of socialism that was imposed on tens of millions of people across the world throughout the 20th century. Here you will find data-driven videos, infographics, short videos and informative studies about socialism’s history in Poland and Estonia, Sweden and Denmark’s short experiment with socialism, and Singapore’s unique approach.



The Realities of Socialism project comes to life in these mini-documentaries featuring the book authors and The Wall St. Journal’s Mary O’Grady.

The Reality of Socialism: Singapore | Mini-Documentary

The Wall St. Journal’s Mary O’Grady, along with Fraser Institute Senior Fellow Steven Globerman, explore the stunning economic rise of the small city-state since gaining independence in 1965.

The Reality of Socialism: Denmark | Mini-Documentary

The Wall St. Journal’s Mary O’Grady, along with Fraser Institute Senior Fellows Steven Globerman and Matthew Mitchell, explore the reality of socialism in Denmark.

The Reality of Socialism: Estonia | Mini-Documentary

The Wall St. Journal’s Mary O’Grady, along with authors Matthew Mitchell and Peter Boettke, explore the reality of Soviet socialism in Estonia.

The Reality of Socialism: Sweden | Mini-Documentary

The Wall St. Journala’s Mary O’Grady and author Johan Norberg discuss what Sweden is—and more importantly what it is not—when it comes to its economic system and history.

Poland | Mini-Documentary

The Wall St. Journal’s Mary O’Grady, along with authors of a new book on the economic history of Poland, explore the experience of Polish people under socialist rule, and what happened after the collapse of the Soviet Union.

Perspectives on Capitalism and Socialism | Mini-Documentary

The Wall St. Journal’s Mary O’Grady explores new polling data that finds a large percentage of young people in Canada, the U.S., Australia and Britain support socialism as their preferred economic system, but what most of them define as socialism is actually more government programs, but they’re not prepared to pay for them.



Listen to the Realities of Socialism Podcast with host Rosemarie Fike.


Realities of Socialism Podcast

Join economist Rosemarie Fike in conversation with leading academics, thinkers and authors about the realities of socialism as it was imposed on millions of people throughout the 20th century. How did people suffer under socialist rule, and how did they prosper once the Soviet Union fell? Are Sweden and Denmark really the socialist utopias they’re made out to be? And why do young people in western countries favour socialism over capitalism? Do they even know what socialism is? All this, and more.

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More on Socialism: Gauging People's Preferences

Support for Socialism: Polling Results

In many western countries, including Canada, Australia, the United States and United Kingdom, young people are expressing a preference for profound economic and social change including socialism, presumably due in part to their lack of real-world experience with genuine socialism and the misery it imposed. According to Perspectives on Capitalism and Socialism: Polling Results from Canada, the United States, Australia, and the United Kingdom, support for socialism ranges from 46 to 53 per cent among Canadians, American, Britons and Australians aged 18-34 years old, but it drops to between 19 and 38 per cent among people over 55.

Polling on Socialism Infographic

There’s also the question of what its 21st-century supporters actually mean by “socialism.” The traditional definition—government controlling the means of production—garners the least support among socialist supporters today who, instead, think of socialism as more government programs or even a guaranteed minimum income.

Read the Full Report

An Introduction to Socialism vs. Capitalism

Introduction to Socialism vs. Capitalism book

In An Introduction to Socialism vs. Capitalism, Professor James R. Otteson sets the terms of the debate between socialism vs. capitalism. What exactly do we mean by “capitalism,” and what do we mean by “socialism”? We also need to understand what the goals are that our system of political economy should champion, and what the ranking is of those goals. And then we need to understand what means we really have available to us to achieve those goals, or at least make progress toward them, how likely the various means are to make that progress, and the costs or tradeoffs, including moral costs and tradeoffs, that those means entail.

Read the Essay

Recent Commentaries

Our Partners

This project is brought to you by the following organizations

Fraser Institute

The Fraser Institute

Institute for Economic Affairs

Institute of Economic Affairs

Institute of Public Affairs

Institute of Public Affairs

The Fund for American Studies

The Fund for American Studies


Made possible by generous grants from the John Templeton Foundation, the Lotte and John Hecht Memorial Foundation and the FI Foundation.

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