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The Moral of Cuba’s Economic Story

The Moral of Cuba’s Economic Story

by Dan Mitchell | Apr 18, 2026 | Blogs, Economics, Socialism

This tweet is short and sweet, but, as Polonius said in Hamlet, “Brevity is the soul of wit.” Since I’ve written several indictments of Cuba’s decrepit economic performance (see here, here, here, here, here, here, and here), I...
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...
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