Q: Why doesn’t anyone ever say “Real Capitalism has never been tried”?
A: Because even a small dose of economic freedom significantly increases the well-being of the great majority of a nation’s people, and, well-being tends to increase with more economic freedom.
With the possible exception of the U.S.S.R., (the first or second most murderous Socialist government, depending on whose statistics are used) no country has tried harder to make Socialism work. However, the utter failure of Socialism in China over a bloody span of over four decades finally convinced its Communist leaders to allow a small but significant increase in economic freedom. The result has been that around 800 million human beings have been lifted out of poverty. While attempting to implement Socialism the government of China murdered between 40 and 80 million of its citizens and impoverished all (i.e., well over one-billion) but the most powerful government officials.
China has a long way to go before it’s people enjoy the freedoms that we have in our Capitalist Democratic Republic of the United States. The Chinese Communist government maintains total political power and is still willing to murder and imprison thousands to maintain their position. China is a bad actor in the world economy, for example by massive theft of intellectual property from the West. Its human rights record remains atrocious and there are significant problems such as pollution and corruption, among many others.
Bur these considerations only buttress my main point. That being, even a small dose of economic freedom significantly increases the well-being of the great majority of a nation’s people.