Bernie Sanders and Alexandria Ocasio-Cortez have toured the country calling for massive government takeover of the economy and other socialist initiatives. For socialists, Sanders and AOC have become the new “Keepers of the Secret” of making socialism viable.
Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies guarantee that Amtrak will be a second-rate, undercapitalized passenger railroad system.
Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies guarantee that Amtrak will be a second-rate, undercapitalized passenger railroad system.
Myanmar has been a textbook case of the tragedies of socialism. While people are familiar with Nobel Peace Prize winner Aung San Suu Kyi, who tried to lead the nation to democracy and a market economy, the nation is better known for military dictatorship and political and economic repression.
Marxism has seeped into politics, education, and religion—reducing human action to class and race. Mises offers a more accurate understanding of how humans act.
While China has made great strides economically since the days of Mao, nonetheless, there remain a number of weaknesses in the economy. While we should recognize its economic strengths, we should not be tempted to portray China as an economic superpower.
At first glance, it might seem extreme—even offensive—to compare anti-fossil fuel climate policies to Stalin’s deliberate starvation of millions during the Holodomor. But in truth, the comparison may be unfair—to Stalin.
While Democratic Socialism is the darling of the political left, all forms of socialism have come from the brutal model first imposed upon Russia in 1917.
Adlai Stevenson said that, “A hungry man is not a free man.” Many assume free exchange is invalid unless a basic level of wealth is achieved by the parties, but this is an error.
With the recent collapse of air traffic control systems at Newark International Airport, air safety again is in the news. The problem is that the US ATC system is run on socialist principles. To fix this problem, turn to private enterprise.
