Socialism

Even on its own terms, the General Theory must considered a failure, for the problem it purports to solve, involuntary unemployment, does not exist.

Why both urban and rural regions should be self-governing: "As long as people with strong preferences are clustered conveniently into different jurisdictions, decentralization can, at least in theory, increase the number of people who are satisfied with government policy."

Liberalism conceives of freedom as the absence of constraint, but Hegel's definition is more expansive. And, of course, the state is a necessary condition for it.

Why is it impossible for anyone to develop a comprehensive plan of production as a whole? This article explains, applying the conclusion to the experience of the Soviet Union.

Pascal Salin investigates the contrast between French collectivism and it production of liberal intellectuals.

Karl Marx agreed with Rothbard that individual rights lead to inequality. For Marx, though, this was an argument against rights.

Axel Kaiser writes that Chileans’ “advantage is due to an historical accident, which is now coming to an end” and predicted that “Chile will show, in the coming years, that it is nothing more than any other Latin-American country.”

Politicians are very proud when they can say a proposed program is "paid for." But this only means they've identified their intended victims ahead of time. Naming who will be plundered does not justify plunder.

As dismissive as many of us would like to be toward Marx’s thoroughly debunked labor theory of value, it still holds currency among today’s budding socialists.

The American Left used to argue that we needed higher taxes on the rich so they would "pay their fair share." Nowadays, they are arguing that billionaires shouldn't exist at all.