by Dan Mitchell | Feb 14, 2021 | Big Government, Blogs, Economics, Socialism
Two years ago, I explained that socialism is an economic failure, regardless of how it is defined. In today’s follow-up column, let’s start with an excellent video from John Stossel. Before addressing the three myths mentioned in the video, it’s...
by Dan Mitchell | Feb 3, 2021 | Big Government, Blogs, Economics, Socialism
The economic disintegration of Venezuela is a powerful example how socialism fails. Even in a nation with massive oil wealth. This video from Reason tells the tragic story. I think long-run data is especially valuable when...
by Dan Mitchell | Dec 11, 2020 | Blogs, Uncategorized
I’ve written about how our friends on the left represent the rich, and pointed out how big parts of their agenda are designed to help people with above-average incomes. Today, let’s have some fun with that issue. Bernie Sanders has three houses, yet complains about...
by Dan Mitchell | Nov 30, 2020 | Blogs, Economics, Free Market, Socialism
I’ve written a couple of times about a disturbingly large share of young people support statist economic policies. A good example can be seen in this polling data from the Pew Research Center (relevant data circled in red). Christopher Ingraham wrote about this survey...
by Dan Mitchell | Oct 28, 2020 | Blogs, Economics
Given my complete and utter disdain for socialism, I’m obviously a big fan of this discussion between Rand Paul and John Stossel. In the video, Paul and Stossel draw a distinction between market-friendly welfare states in Scandinavia and genuinely socialist nations...
