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SocialismWorld HistoryOther Schools of Thought
Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.
Social Democracy fails for the same reasons communism did. It just fails more slowly.
Global EconomySocialismThe Police State
2018 was the year when, yet again, the socialist model proved its inability to generate benefits for a population
SocialismCalculation and KnowledgePhilosophy and Methodology
Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.
The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.
Financial MarketsGlobal EconomySocialism
Many still to this day will not admit that the devastation witnessed in Venezuela is a problem inherent to socialism.
SocialismTaxes and SpendingWorld HistoryInterventionism
Emmanuel Macron said he wanted to make France more free and more competitive. But his failed tax increase on gasoline shows just how fragile reform attempts are in France.
Big GovernmentSocialismThe Police State
Venezuelans are defenseless against a government that runs roughshod over their civil liberties and economic livelihood.
As decades pass since the fall of the USSR, romanticism is replacing the bitter facts of the lives people in communist regimes were forced to live
Global EconomySocialismCapital and Interest Theory
Oil prices did not cause the Venezuelan crisis. Nor can oil now be its cure.