by Dan Mitchell | Aug 11, 2021 | Big Government, Blogs, Economics, Socialism
When I share examples of socialism humor and communism humor, I sometimes wonder whether we should laugh about ideologies that have imposed so much death and misery on the world. For instance, I’ve shared some jokes about...
by Dan Mitchell | Jul 31, 2021 | Blogs, Free Market
Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations. This means that we can learn important lessons by looking at examples of “divergence,” and I...
by Dan Mitchell | Jul 27, 2021 | Big Government, Blogs
When writing about economic policy in Latin America, Chile gets lots of attention because it’s a remarkable story of success. Similarly, Venezuela gets lots of attention because it’s a remarkable story of failure (with Argentina also deserving...
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 | Jul 14, 2021 | Big Government, Blogs, Economics, Socialism
Part I of this series looked at socialism’s track record of failure, while Part II pointed out that greater levels of socialism lead to greater levels of misery. For Part III, let’s start with this video on the economics of socialism. If the world was...
