In this week's Friday Philosophy, Dr. David Gordon reviews The Meaning of Socialism by Michael Luntley. While acknowledging that Luntley has some good insights, overall, he find the work lacking a full understanding of socialism.
Frightened citizens in wartime tend to demand even more centralization and state power in the name of protection. However, the centralized state can never deliver what they want.
Pan-Africanism as envisioned by western intellectuals and activists and infused with socialism was never based in reality, so it was doomed to fail from the start. But there is a way to better unite African people—beginning with free markets.
From new wars to vaccine mandates, we're told to trust the government because the government supposedly has special knowledge inaccessible to mere ordinary citizens. This is just a form of government propaganda.
Although F. A. Hayek had many important contributions to economic theory, both Rothbard and Mises had major disagreements with Hayek's book, The Constitution of Liberty because of Hayek's support of public welfare measures.
The temptation to think of China as an economic juggernaut needs a reality check. While China’s government-dominated economy has many impressive building projects, there are underlying malinvestments that the government continues to subsidize, leading to future problems.
The temptation to think of China as an economic juggernaut needs a reality check. While China’s government-dominated economy has many impressive building projects, there are underlying malinvestments that the government continues to subsidize, leading to future problems.
Many socialists define socialism by their ideal goals rather than the process—the expansion of the taking mechanism of the coercive state.
Many socialists define socialism by their ideal goals rather than the process—the expansion of the taking mechanism of the coercive state.
While socialists complain about AI, at least some believe that it can engage in economic planning, thus bypassing the Hayekian knowledge problem.
