On History's Ash HeapCommentary by Pete du Pont
May 01, 2002
Most Americans have never celebrated May Day, the working-class holiday, but the superiority of our free-market system has not always been self-evident. For most of the last century, from 1917 through 1981, socialism was in ascendancy, dominating the thinking of intellectuals and the governments of the world. Its failure became undeniably clear only in the final two decades of the 20th century.