Socialism

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AOC and Schumer Want Taxpayer Funding for Covid-19 Funerals

HealthSocialismTaxes and Spending

Blog02/09/2021

Democrats want taxpayer funding for the families of those who died of covid. But, of course, there's no discussion of helping those who died as a result of covid lockdowns, such as those who were denied medical treatment for cancer. 

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The Great Reset, Part IV: "Stakeholder Capitalism" vs. "Neoliberalism"

Bureaucracy and RegulationSocialism

Blog02/01/2021

If anything, stakeholder capitalism represents a consumptive worm set to burrow into and hollow out corporations from within, to the degree that the ideology and practice find hosts in corporate bodies.

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Socialists Claim Their System Is Morally Superior. They're Wrong.

CapitalismSocialismWorld History

Blog01/09/2021

Even granting the goals of “meeting people’s needs” and “selflessness” cherished by socialists, a property-based market economy is far superior at meeting those goals in modern civilization compared to a top-down, centrally controlled socialist system.

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The Great Reset, Part III: Capitalism with Chinese Characteristics

SocialismPolitical Theory

Blog01/01/2021

China is the model for the economic and political system being promoted in the West, and the Great Reset is the most forthright articulation of that system—although its articulation is anything but perfectly forthright.

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Debating Socialism: The Seligman-Nearing Debate at 100

Socialism

Blog12/30/2020

In January 1921, thirty-five hundred people packed the Lexington Theater in midtown Manhattan to hear a debate of socialism. Ludwig von Mises in Vienna later called the debate "instructive."

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Mill: Socialism Could Work for More Advanced People

PlanningSocialism

Blog12/25/2020

Though he was generally a Ricardian, John Stuart Mill thought that the main obstacle to socialism is that people might not yet be civilized enough to put it into practice. 

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The Socialists' Plan for "Ecological Leninism"

Book ReviewsThe EnvironmentSocialism

Blog12/15/2020

"The race to zero [carbon emissions] would have to be coordinated through control measures—rationing, reallocating, requisitioning, sanctioning, ordering" and much more.

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There Is No Chinese Economic Miracle

Economic PolicySocialism

Blog12/04/2020

In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.

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The Dystopian "Fourth Industrial Revolution" Will Be Very Different from the First One

Big GovernmentCapitalismSocialism

Blog11/17/2020

Klaus Schwab of the World Economic Forum has big plans for a "sustainable" future. Most of it involves the destruction of markets and basic human rights.

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Böhm-Bawerk Explains Why Marxist "Exploitation" Is Nonsense

SocialismCapital and Interest TheoryProduction Theory

Blog11/11/2020

Marx’s theory of exploitation forms the foundation of all his work. But Marx couldn't tell the difference between profit and surplus, exposing the incoherence of his theory. 

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