by Dan Mitchell | Sep 27, 2022 | Blogs, Economics, Socialism
Based on Sunday’s election in Italy, the nation’s next Prime Minister almost certainly will be Giorgia Meloni, which has some worried that Italy is returning to the “far right” fascism of Benito Mussolini. From an economic perspective, though, it would...
by Dan Mitchell | Feb 24, 2022 | Blogs, Economics, Free Market, Socialism
For most of human history, we’ve had primitive and impoverished societies based on feudalism and tribalism. The good news is that capitalism began to emerge a couple of hundred years. The parts of the world that adopted free enterprise...
by Dan Mitchell | Nov 25, 2021 | Blogs, Economics, Socialism
Over the years, I’ve shared three videos making the same point about how the first European settlers in America nearly starved because of socialism. Let’s recycle one of those videos today. To be sure, starving because of socialism didn’t...
by Dan Mitchell | Jul 26, 2021 | Blogs, Economics, Socialism
I like cross-country comparisons – such as North Korea vs South Korea and East Germany vs. West Germany – because they can be very informative when comparing the results of socialism vs. markets. One of the most dramatic examples is Cuba vs....
by Dan Mitchell | Jun 3, 2021 | Blogs, Economics, Socialism
How should Nazism be classified, particularly when compared to socialism? Are these ideologies at opposite ends of a spectrum, or are they simply different sides of the same collectivist coin? In my humble opinion, both views are correct, which is why I...
