Lenin and Trotsky have long been dead, but their efforts to erase history through revolutions live on. Today, the erasure is happening in Western Europe and the United States, as progressives carry on that the Bolsheviks started.
Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.
Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.
Bernie Sanders and Alexandria Ocasio-Cortez have toured the country calling for massive government takeover of the economy and other socialist initiatives. For socialists, Sanders and AOC have become the new “Keepers of the Secret” of making socialism viable.
Bernie Sanders and Alexandria Ocasio-Cortez have toured the country calling for massive government takeover of the economy and other socialist initiatives. For socialists, Sanders and AOC have become the new “Keepers of the Secret” of making socialism viable.
Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies guarantee that Amtrak will be a second-rate, undercapitalized passenger railroad system.
Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies guarantee that Amtrak will be a second-rate, undercapitalized passenger railroad system.
Myanmar has been a textbook case of the tragedies of socialism. While people are familiar with Nobel Peace Prize winner Aung San Suu Kyi, who tried to lead the nation to democracy and a market economy, the nation is better known for military dictatorship and political and economic repression.
Marxism has seeped into politics, education, and religion—reducing human action to class and race. Mises offers a more accurate understanding of how humans act.
While China has made great strides economically since the days of Mao, nonetheless, there remain a number of weaknesses in the economy. While we should recognize its economic strengths, we should not be tempted to portray China as an economic superpower.
