by Dan Mitchell | Feb 28, 2025 | Blogs, Economics, Socialism
Building on Part I, Part II, and Part III of this series, here’s a video debunking some online socialists who are inexplicably popular. As you can see, the video cites real socialists – i.e., people who defend policies such as government ownership of the means of...
by Dan Mitchell | Jan 10, 2025 | Blogs
I mocked economists yesterday. To be more specific, I eviscerated 108 leftist economists who signed a letter warning that Javier Milei’s libertarian agenda would be bad for Argentina. They now look like idiots given that country’s amazing turnaround....
by Dan Mitchell | Dec 13, 2024 | Big Government, Blogs, Government Spending, Taxation
Big government and socialism are bad for prosperity, but are such policies nonetheless popular? Do people want a bigger welfare state? This great video from the Fraser Institute provides the answers (if you’re pressed for time, start watching at 4:15). And if you...
by Dan Mitchell | Sep 29, 2024 | Big Government, Blogs, Economics, Socialism
Since I’m a numbers wonk, I think the most powerful evidence for the failure of Cuban socialism is comparing that nation’s growth (or lack thereof) to what’s happened in Taiwan and (pre-crackdown) Hong Kong. They all had similar levels of...
by Dan Mitchell | Sep 6, 2024 | Blogs, Economics, Socialism
Was my three-part series (here, here, and here) on Venezuelan socialism unfair? I focused on boring and technical data regarding living standards. At first glance, those numbers make Venezuela look bad. But maybe per-capita GDP dropped because rich people...
