Voters in last week‘s Democratic Primary in New York City had to choose between a socialist and a crony capitalist. They chose the socialist. Fifty years ago, Establishment politicians drove the city into de facto bankruptcy. A new generation of political elites are doing the same.
Voters in last week‘s Democratic Primary in New York City had to choose between a socialist and a crony capitalist. They chose the socialist. Fifty years ago, establishment politicians drove the city into de facto bankruptcy. A new generation of political elites are doing the same.
The democratic establishment is upset that socialist Zohran Mamdani beat their candidate, Andrew Cuomo, in New York City’s mayoral primary. But the blame for socialism’s rising popularity lies mostly on their own shoulders.
Socialist mayoral candidate Zohran Mamdani has emerged as a serious challenger to Andrew Cuomo in the race for mayor of New York City. If Mamdani wins, he promises to vastly expand government control of housing and businesses there.
The government argues that restoring state control protects Mexico’s resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply.
The government argues that restoring state control protects Mexico’s resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply.
Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.
Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.
Socialist mayoral candidate Mamdani won the Democratic primary for mayor of New York City on promises to vastly expand government control of housing and businesses there. It worked.
Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.
