Socialism

Chile is the most prosperous country in South America precisely because it has (so far) avoided adopting the socialist policies being pushed on it by left-wing reformers.

Who has the best claim to government property?

China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.

Free the liquor stores to sell what products they want, what days of the week they want, what hours they want, and to whom they want.

In the 1960s, politicians and bureaucrats had nearly unbounded faith in the ability to plan a nearly perfect society. Things didn't turn out as they had planned.

Mises knew: “Mass unemployment destroys the moral foundations of the social order. The young people…forced to remain idle, are the ferment out of which the most radical political movements are formed."

Free the liquor stores to sell what products they want, what days of the week they want, what hours they want, and to whom they want.

In this issue of The Austrian, we provide highlights from some of the most important and salient articles published on mises.org during the unprecedented crisis of 2020.

A big reason that socialist ideology has staying power is the tactic of blaming the many failures and disasters of socialist regimes on the alleged fact the regimes "aren't real socialism."

The weird thing about dialectical materialism is that Marx seems to have cobbled it together from two philosophies that contradicted each other.