Why does socialism keep coming back, even after so many failed experiments? In this episode of Viewpoints, host Sean Rasmussen sits down with Dr. Kristian Niemietz, author of "Socialism: The Failed Idea That Never Dies," to explore the resurgence of "millennial socialism" and why each new generation believes they can succeed where others have failed. Niemietz discusses his own intellectual journey from youthful rebellion to classical liberalism, the persistent romanticism surrounding socialism, the cyclical patterns of socialist enthusiasm and disillusionment, and why the lessons of history are often ignored or reinterpreted. From the lessons of the Soviet Union and Venezuela to the modern popularity of DEI and identity politics in the West, this conversation unpacks the economic and social realities behind the rhetoric—and what it means for Canada and beyond. Whether you're a skeptic, a supporter, or just curious about the ongoing debate, this episode offers a thoughtful, evidence-based perspective on one of the most enduring ideas in politics.
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About the guest
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Dr. Kristian Niemietz is Head of Political Economy at theLondon-based Institute of Economic Affairs, a Research Fellow at the Zurich-based Liberal Institute, and a Senior Fellow at the Berlin-based Institute for Free Enterprise. He lives in London England. To find out more, visit: https://iea.org.uk/