Capitalism

Whether political elites promote outright socialism or interventionism, they are advocating a failed economy.

In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.

Manuel Tacanho presents a framework for understanding and ranking socioeconomic systems, and demonstrates that modern economies, even the "capitalistic" ones, are statist.

While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies.

While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies.

Although equality and "equity" are modern buzzwords, the only way to reach such a social nirvana is through violent means. Do we really want to go there?

Although equality and "equity" are modern buzzwords, the only way to reach such a social nirvana is through violent means. Do we really want to go there?

Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.

Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.

Paul Cwik reviews Machaj's new Capitalism, Socialism, and Property Rights, which benefits from the author's direct experience with a centrally planned economy and the subsequent transition to a market-based economy.