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Public opinion polls – to say nothing of the election last year of Zohran Mamdani, a member of the Democratic Socialists of America, as New York City mayor – indicate that support for socialism in America is rising, especially among Democrats and the young. For an influential segment of the American electorate, socialism’s abysmal track record has not stymied belief that, according to the DSA website, the people should “collectively own the key economic drivers that dominate our lives.” In practice that means that government should manage more of the economy.

Meanwhile, a consequential faction on the right that would probably reject the name has embraced a conviction central to socialism. Within Trump world, enthusiasts suppose that government – at least with them in control – should do more than, as free-enterprise principles require, regulate commerce primarily by establishing and enforcing rules governing voluntary exchange of goods and services. The enthusiasts want the state to play a major role in decisions about what is produced and by whom. Like left-wing counterparts, right-wing proponents of increased central planning generally ignore socialism’s propensity to produce poverty and authoritarian rule.

The attraction to greater government intervention in the economy on both left and right reflects a failure of the American education system. Few graduates of America’s leading colleges and universities studied the principles of political freedom on which America was founded, classic works on free markets, and the disastrous history of 19th- and 20th-century socialism. That’s in significant measure because few higher-education institutions make much effort to teach these subjects, while many professors preach scorn for political and economic freedom.

More is at stake than grasping the sources of American prosperity. In the face of the Chinese Communist Party’s quest to orient world affairs around Beijing and advance authoritarian government, it is urgent that American students also learn that political freedom and economic freedom are bound up with America’s ability to defend itself.

Strangely enough for a firm that produces cutting-edge enterprise software – or for a commercial operation of any sort – top executives at Palantir Technologies have been taking time from their corporate responsibilities to educate about the link between freedom, prosperity, and America’s ability to prevail in competition with China. (I have offered seminars at Palantir on the American unalienable-rights tradition, U.S. foreign policy, and Western civilization.) In February 2025, Palantir CEO Alexander C. Karp and Nicholas W. Zamiska, head of corporate affairs........

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