Not a particularly interesting response. It is mostly the expected boring stuff that converts no one and puts the faithful to sleep.

The (only) best part:

But the dirty little secret that utopians like Myerson do not want to face is that collective ownership does not abolish the hated 1 percent. It just creates a new one. Corrupt Wall Street tycoons simply get replaced with corrupt government bureaucrats and party officials under socialism.

The clever and the crafty always find ways to game the system to their advantage. In the Soviet system, Communist Party members and top bureaucrats lived like kings compared with the average Soviet citizen. Consequently socialist altruism gave way to corruption, which paved the way for the system’s collapse.

Leftist utopianism tragically misunderstands human nature. History has consistently shown that socialist schemes inevitably become rife with elitism and corruption.

As George Orwell wrote in Animal Farm, “All animals are equal, but some animals are more equal than others.”

The Soviet Union was a mirror image of Capitalism out of control, with the Commissars as the robber barons and the workers as proles. No social system will eliminate the 1 percent. They are virtually a law of physics