Socialism

New York City’s subways have become a nightmare, with rampant crime, delays, derailments, and poorly capitalized. This is a gift from "backdoor socialism."

When the Soviet Union dominated Eastern Europe, people there looked to the West—and especially the USA—in hopes of freedom. Today, it is the West promoting culture wars and collectivism.

We are regularly being told that we are in a "climate crisis." But what if that isn't true? What if CO2 actually is good for the greening of the planet?

Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period.

When the Soviet Union dominated Eastern Europe, people there looked to the West—and especially the USA—in hopes of freedom. Today, it is the West promoting culture wars and collectivism.

Even though liberalization of its infamously bureaucratic economy has achieved strong results, India's leftist activists and politicians are trying to reestablish collectivism.

Advocates of the New Green Deal emphasize new "green jobs" and other benefits, but the NGD is basically a Keynesian scheme in which government allegedly spends us into prosperity.

Mark Thornton reviews Thomas Piketty's latest book, a "siren song of communism." The brevity of this book makes it potentially the most socially devastating of Piketty's so far.

The theory that Hitler had been a confirmed believer in private ownership and an opponent of nationalization hides the contradictions – and also the development – of his economic ideas.

The New York Times recently interviewed economist Herman Daly, who insists that economic growth is ecologically destructive. There is much more to the story.