Socialism


Venezuela’s Latest Response to Food Shortages: Ban Lines Outside Bakeries

By Against Crony Capitalism August 24, 2016   Venezuela’s Latest Response to Food Shortages: Ban Lines Outside Bakeries     If there is one thing that is ubiquitous in socialist countries it is lines. Lines for food. Lines for health care. Lines for transportation. Lots of lines. But the Maduro government in Venezuela, embarrassed by […]

Venezuela’s Latest Response to Food Shortages: Ban Lines Outside Bakeries

The Economist says the political divide is between “globalists” and “anti-globalists”, no it’s the political class versus everyone else

The Economist says the political divide is between “globalists” and “anti-globalists”, no it’s the political class versus everyone else

By Nick Sorrentino Against Crony Capitalism July 31, 2016   The Economist says the political divide is between “globalists” and “anti-globalists”, no it’s the political class versus everyone else     In the attached article The Economist frets that the trend toward “globalism” (their word) is in jeopardy. And what the magazine or “newspaper” calls globalism […]


What Makes Venezuela Different

What Makes Venezuela Different

By Ryan McMaken Mises.org June 12, 2016   What Makes Venezuela Different   Unlike other leftist South American regimes, the Venezuela regime has intentionally crushed even the middle and working classes. The economic disaster in Venezuela has prompted many to take a look at the country and attempt to understand what it is that has made […]


Venezuela’s Crisis Is the Latest Example of Why Socialism Doesn’t Work

By Gabriel Castro / Ana Quintana The Daily Signal June 3, 2016   Venezuela’s Crisis Is the Latest Example of Why Socialism Doesn’t Work     It seems the “Socialism of the 21th Century” is really no different from socialism from the past. Venezuela’s current tragedy, simultaneously culminating in food shortages, a crime epidemic, and an energy […]

Venezuela’s Crisis Is the Latest Example of Why Socialism Doesn’t Work

What Would Ludwig von Mises Do in Venezuela?

What Would Ludwig von Mises Do in Venezuela?

By Tho Bishop Mises.org May 27, 2016   What Would Ludwig von Mises Do in Venezuela?   The crisis in Venezuela is the most modern illustration of the horrific consequences of socialism and the devastating reality of hyperinflation. What makes this disaster all the more infuriating is that it could have been avoided with a basic […]


Socialism’s Dismal Harvest: Venezuela Edition

By Shawn Ritenour Mises.org May 16, 2016   Socialism’s Dismal Harvest: Venezuela Edition   One of the points I like to stress in my introductory economics course, as well in my course on Economic Expansion and Development is that socialism, when implemented, results in poverty, starvation, death, and cultural ossification. The more hard-core socialist the […]

Once again history demonstrates what economic theory has told us for over a century: socialism is no laughing matter, unless we are prepared to chuckle at state-created poverty, starvation, and death.

Ron Paul

What Happened to the Revolution?

By Ron Paul Ron Paul Institute May 10, 2016 What Happened to the Revolution?   In a recent interview I was asked why Bernie Sanders, a self-described “democratic socialist” had seemingly attracted so much support among young people. In fact polls suggest Sanders is the most popular candidate among people aged 18-29, and 51 percent […]


Why socialism always fails

Why socialism always fails

By Against Crony Capitalism March 24, 2016   Why socialism always fails     It’s important to understand that crony capitalism, the partnering of special interests with government to amass wealth for the partnering entities is a form of socialism. Crony capitalism does not work if there isn’t a government to hand out cash and […]


Including the Ocean Floor, the Feds Own Much More Land than You Think

By Mark Brandly Mises.org March 18,2016   Including the Ocean Floor, the Feds Own Much More Land than You Think The Importance of Economic Calculation   In “Economic Calculation in the Socialist Commonwealth,” Ludwig von Mises challenged the socialists to explain how economic calculation could be performed in a socialist economy absent prices. Mises concluded […]

Including the Ocean Floor, the Feds Own Much More Land than You Think

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Why (some) millennials are embracing socialism

By Against Crony Capitalism January 29, 2016   Why (some) millennials are embracing socialism     The author of the attached article, the former CEO of Office Depot Steve Odland, is right on the money. In the face of a deeply crony economic and political system, one which walls off opportunity for many while unfairly […]


The Market Doesn’t Solve Problems; People Do

By Louis Rouanet Mises.org January 29, 2016   The Market Doesn’t Solve Problems; People Do   It is wrongly accepted by many liberals (i.e., libertarians) that most, if not all, social problems can be “solved by the market.” But clearly, the “market” cannot magically solve our problems. Let it be clear that there is no doubt […]

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Reflections on Venezuela’s “Economic Miracle”

By Andrew Syrios Mises.org October 23, 2015   Reflections on Venezuela’s “Economic Miracle”   Back in 2013, Salon took a quick break from criticizing a caricature of libertarianism to let David Sirota write an embarrassing article praising socialism in what turns out to be a fantastic case study in both the dangers of socialist economics and […]


Robert Shiller Is Shilling for Socialism

By Peter St. Onge Mises.org October 19, 2015   Robert Shiller Is Shilling for Socialism   The Nobel Prize just gets cheaper and cheaper. Recent laureate Bob Shiller graces the New York Times with his latest rant that free-markets stink, bolstering his argument by making stuff up. For starters, Shiller writes that America’s wealth “can be […]

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