Socialism

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.

In a sense, it is hardly surprising that so little attention has been paid to scandals within universal healthcare systems given the histories of underperformance, scandal, and perpetual crisis associated with many such systems.

How can state enterprises in Venezuela be desocialized? What would a privatization law look like for Venezuela? The authors describe a proposal to move Venezuela toward free markets.

For many Brazilian voters, Jair Bolsonaro offered a chance to break with decades of failed economic policies. Time will tell if they were right.

Prof. Bylund discusses his native Sweden, and why we can't understand economics without understanding the entrepreneur, and how the entrepreneur is absolutely central and essential to a growing economy.

When it comes to addressing the popularization of socialism, the radicalization of academia is the lynchpin issue. If we could succeed in reversing that tsunami, many dominoes would fall.

Socialism was sold to Africans as the antidote to the legacy of colonial occupiers. But it was the African countries that most resisted socialism that experienced the greatest gains in standards of living.

What would Mises think about the current state of the liberal project he laid out 100 years ago?  

Assuming that some groups of foragers indeed practiced "primitive communism," they would have died out because they had lost the fierce competition with the more economically viable "libertarian" tribes. Communism has never appeared spontaneously and "naturally" in the history of mankind.

There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.