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The Best and the Worst in the Hayek Socialism Index

The Best and the Worst in the Hayek Socialism Index

by Dan Mitchell | Apr 11, 2026 | Blogs, Economics, Free Market

When writing about which jurisdictions have the most economic freedom or best tax regimes, I’ve sometimes groused that it would be very interesting if small micro-states were included. Lo and behold, some group called Factum Research has...
The Simple Explanation for How China Went from Starvation-Level Poverty to Middle-Income Status

The Simple Explanation for How China Went from Starvation-Level Poverty to Middle-Income Status

by Dan Mitchell | Apr 4, 2026 | Blogs, Economics, Free Market, Socialism

There’s some amateur foreign-policy analysis in this video clip, but notice what I say about trends in Chinese economic policy. Today’s column is going to show that China’s economic improvement – indeed, its entire post World War II history – has a very simple...
Defining Socialism

Defining Socialism

by Dan Mitchell | Mar 25, 2026 | Big Government, Blogs, Economics, Socialism, Welfare and Entitlements

I’ve written a four-part series (here, here, here, and here) explaining why socialism is a bad idea, but let’s use today’s column to define this evil ideology. As I mentioned in the video, genuine socialism is based on three very specific concepts....
Three Potential Options for Venezuela

Three Potential Options for Venezuela

by Dan Mitchell | Jan 3, 2026 | Blogs, Economics, Socialism

Nicolas Maduro was one of the worst dictators in the world. Between him an his socialist predecessor, Hugo Chavez, they turned the richest country in Latin America into a basket case. Living standards have collapsed. Millions of people have fled. Severe...
Zohran Mamdani, Part I: The “Caviar Communist” Openly Embraces Collectivism

Zohran Mamdani, Part I: The “Caviar Communist” Openly Embraces Collectivism

by Dan Mitchell | Jan 2, 2026 | Blogs

I’m going to start today’s column by acknowledging a mistake. Two days ago, as part of my Best and Worst News of 2025, I didn’t include Zohran Mamdani’s election as Mayor of New York City because I viewed him only as “a theoretical threat.” Yes, I knew he...
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