Portugal’s Estado Novo, which dominated politics for more than 30 years there, and was firmly anti-capitalist. It has been 50 years since Estado Novo’s demise, but anti-capitalist thinking still dominates among Portugal’s ruling elites.
Europe’s eye-watering tax levels are a leading cause of stagnation of European economies, as well as the symptom par excellence of statist gluttony.
Some modern historians claim they are “doing science.” However, Ludwig von Mises in Theory and History decried what he saw as “scientism” instead of real scientific inquiry.
Any political figure, celebrity, professor, social or climate activist, or anyone else who calls for elimination or inhibition of this system—and the spillovers it brings—cannot claim that he or she is a friend to civilized society.
Socialists claim they just want to create a more “just” and “equitable” economic system. In reality, socialism is a political system that uses economic rhetoric.
Modern progressivism is based upon the notion of equity—equal outcomes. However, as Ludwig von Mises wrote, classical liberalism had its roots in liberty, which was undergirded by equality before the law.
Central planners act as sorcerers who can conjure economic prosperity through artificially increasing demand.
Based on their writings, what insights do Hayek and Mises provide about the recent election of Mamdani?
The dystopian futuristic movie Elysium portrays a terrible future in which only the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed.
What will the future of New York look like under Mamdani’s mayorship? If only we had a time machine, however, given the policies, it is possible to imagine some outcomes.
