by Dan Mitchell | Jul 24, 2024 | Blogs, Economics, Socialism, Uncategorized
As part of my 100-tragic-years-of-communism series in 2017, I wrote a column about dupes and apologists for Soviet tyranny, as well as a column mocking economists who thought communism was producing good results. The worst part of...
by Dan Mitchell | Jun 25, 2024 | Blogs, Economics, Socialism
Communism is a terrible and evil system with a deadly track record. The bad news is that communism still exists, with the basket case of North Korea being an example of a country that has retained traditional Marxist socialism. The good...
by Dan Mitchell | Sep 16, 2023 | Big Government, Blogs
Earlier this year, I put together three sentences that summarize the post-1949 economic history of China. Crippling communist failure and suffering under Mao.Partial reform during the “Washington Consensus”...
by Dan Mitchell | Aug 28, 2023 | Blogs, Economic Growth
In large part because of an economic system completely at odds with human nature, communists have a nasty habit of never delivering on Marx’s vision. They promise equality, but the elite enjoy lavish lifestyles while ordinary people...
by Dan Mitchell | Jul 24, 2023 | Blogs, Economics, Socialism
I was surprised to learn last year that Poland’s economy has out-performed China’s economy over the past three decades. Given the way free markets out-perform statism, I should have known this would be the result. Today, let’s take a closer look at how...
