Big GovernmentSocialismU.S. Economy
CJay Engel Reviews The Socialist Manifesto, from the Editor of Jacobin.
Socialist regimes have long gone to great lengths to replace all the independent institutions of civil society with the omnipotence of the state in all things.
Just as unilateral free trade results in a more solid economy for the countries that adopt it — even within an international economy of protectionism in other countries — so would a commodity-money based economy surrounded by fiat-money economies.
Liberty can be lost and so can the benefits of capital accumulation. The well developed capital structure is not a given. It can be eroded by central banks and by government policies and regulations.
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SocialismCalculation and KnowledgePhilosophy and Methodology
Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.
The radical nature of anti-climate-change measures require promises of a near-total apocalypse in the near future. But the date for the promised disaster keeps getting pushed back.