by Dan Mitchell | Jan 16, 2022 | Blogs, Economics
Back in 2014, I compared the long-run economic performance of Cuba and Hong Kong. Both jurisdictions were roughly equal about 60 years ago. But the data show a dramatic performance gap ever since the communists took power in Cuba, with Hong Kong (which...
by Dan Mitchell | Dec 26, 2021 | Blogs
There are not many advantages to being old, but I feel lucky to have been alive to see the collapse of the Berlin Wall and the dissolution of the Soviet Union. We should celebrate this victory over evil every day. But especially on December...
by Dan Mitchell | Oct 14, 2021 | Blogs
As explained in this video by Dennis Prager, communism is an evil ideology that has led to the murder of more than 100 million people and the enslavement of hundreds of millions more. All decent people should not only reject communism, but also ostracize...
by Dan Mitchell | Sep 23, 2021 | Big Government, Blogs
Two years ago, I wrote that China needed to choose between “Statism and Stagnation or Reform and Prosperity.” Sadly, as I noted last month in Part I of this series, it seems that President Xi is opting for the former. Which is unfortunate since...
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....
