by Dan Mitchell | Sep 15, 2020 | Blogs, Economics, Socialism
Back in 2017, I shared this video explaining why capitalism is unquestionably the best way to help poor people. I’m recycling the video today because it’s a great introduction for a discussion about how best to help poor people. As part of my Eighth Theorem of...
by Andrew F. Quinlan | Sep 13, 2020 | Opinion and Commentary
Originally published by Inside Sources on September 10, 2020. Hugo Chavez’s socialist revolution, continuing today under Nicolás Maduro, brought untold misery to the people of Venezuela, but it also harmed non-Venezuelan companies and their shareholders. To this day,...
by Dan Mitchell | Aug 28, 2020 | Blogs, Economics, Free Market, Socialism
Part I of this series featured Dan Hannan explaining how the emergence of capitalism led to mass prosperity, while Part II featured Madeline Grant explaining how competition and cooperation make markets so successful. Today, in Part III, Andy Puzder compares...
by Dan Mitchell | Jul 26, 2020 | Blogs, Economics, Socialism
When I write about socialism, I often point out that there’s a difference between how economists define it (government ownership, central planning, and price controls) and how normal people define it (lots of taxes, redistribution, and intervention). These definitions...
by Dan Mitchell | Jul 16, 2020 | Blogs, Economics, Socialism
Not all bad city governments are alike. In places like Chicago, local politicians generally impose bad policy because they’re buying votes (especially the votes of bureaucrats), not because they’re motivated by ideology. But as you can see from this video, some...
