Socialism

Great Britain‘s Labour government, since coming into power last year, has taken a number of measures that already are resulting in lowering the nation's standard of living.

Due to the obfuscation of prices in a planned economy, individuals and firms do not have access to information they would have gained from prices otherwise.

"Universities are nurseries of socialism, but there's always a remnant of young people who resist the statist propaganda."

Dr. Fegley is a Fellow of the Mises Institute and chair of business and economics at Montreat College. In 2023, he joined the Mises University faculty, teaching on bureaucracy in the deep state, political economy of policing, and could AI and big data solve the socialist calculation problem.

Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.

Conventional progressive wisdom says that Nazism and Fascism were polar opposites to Communism. Yet, all of these totalitarian worldviews came from the same collectivist origins.

The religious left today claims that Jesus was a socialist who was against private property and any kind of economic arrangement that smacks of capitalism. An investigation into Jesus‘s teachings and actions overwhelmingly contradicts that notion.

Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.

Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.

Modern Monetary Theory is a perfect example of, “Do as I say, not as you do,” rather than, “Do as I say, not as I do.” MMT rightly points out some hypocrisy, but wants to replace it with more hypocrisy.