Teen Vogue are the latest publication to jump on the trendy “Millennial Socialism” bandwagon, with a longer series about what they call “democratic socialism”.  

How exactly Teen Vogue’s “democratic socialism” would work remains a bit of a mystery, but every article on the subject assures us that it will be nothing like the dictatorial socialism of the old Eastern Bloc, or North Korea, or Venezuela.  

So would democracy help lead socialism to better outcomes or is economic collapse inevitable?

Dr Kristian Niemietz, author of 'Socialism: The Failed Idea That Never Dies', speaks to IEA Head of Communications Emma Revell to discuss.