Socialism

Javier Milei has promised to make the US dollar Argentina's currency if he is elected. Whether it will help the Argentine economy is another matter.

While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men.

The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle.

China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism.

The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle.

David Gordon continues his analysis of Graham Priest’s book, Capitalism: Its Nature and Its Replacement. While Priest might not understand either Marxism or capitalism, his book has useful insights.

Another Labor Day has passed with the same pro-union rhetoric dominating the media and politics. However, being pro-union is not the same as being pro-labor, especially given that unions often are the most anti-worker entities in our political economy.

While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself.

Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur.

The possible bankruptcy of Thames Water Company in Great Britain brings to mind the heady days 40 years ago when Margaret Thatcher's government was privatizing state-owned enterprises, including TW. Not all privatization stories have happy endings.