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Socialism, Cronyism, and Creative Destruction

Socialism, Cronyism, and Creative Destruction

by Dan Mitchell | Nov 11, 2025 | Big Government, Blogs, Economics, Socialism

In this new interview with John Stossel, I explained that cronyism and socialism are bad, while creative destruction is good. The discussion focuses on Trump’s troubling desire to have partial government ownership of various companies. I’ve already written...
Chile vs. Venezuela

Chile vs. Venezuela

by Dan Mitchell | Nov 10, 2025 | Blogs, Economics, Free Market, Socialism

The amazing reforms in Argentina are the big story in Latin America. Javier Milei’s libertarian agenda is rescuing an economy that was mired in long-run stagnation because of Peronism, so it’s...
George Orwell, Joy Reid, and the Economics of Fascism

George Orwell, Joy Reid, and the Economics of Fascism

by Dan Mitchell | Oct 9, 2025 | Blogs, Economics, Socialism

From a wonky economic perspective, fascism is a system based on nominal private ownership but de facto government control. For most people, however, I think George Orwell had the best description. Fascism is simply something you don’t like,...
The United States vs. Europe, Part IV

The United States vs. Europe, Part IV

by Dan Mitchell | Sep 9, 2025 | Blogs, Economics, Free Market

I put a lot of focus on “convergence” and “divergence” because economic theory says rich countries should not grow faster than poor countries. So when there are examples of divergence, especially when looking at decades of data, we can learn very important...
Whitewashing Zohran Mamdani’s Socialism at the New York Times

Whitewashing Zohran Mamdani’s Socialism at the New York Times

by Dan Mitchell | Sep 7, 2025 | Blogs, Economics, Socialism

When I wrote about New York City mayoral candidate Zohran Mamdani a few months ago, here was my main takeaway. Mamdani is an AOC-style hard-core leftist who wants to travel in the wrong direction as far and as fast as Javier Milei is traveling...
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