by Dan Mitchell | Jun 14, 2019 | Blogs, Economics, Socialism
When writing about Bernie Sanders back in 2016, I put together a flowchart to identify different strains of statism. In part, I wanted to show that genuine socialists, with their advocacy of government ownership, central planning, and price controls, aren’t really the...
by Dan Mitchell | Jun 10, 2019 | Blogs, Economics, Socialism
How do we measure the cost of Venezuelan socialism? Is it people eating household pets? Is it people dying of malnourishment? Is it women selling their bodies? Actually, it’s all of the above. And there’s plenty of additional evidence. All of which shows that more...
by Dan Mitchell | May 14, 2019 | Blogs, Economics, Free Market
Just last month, I wrote about Argentina’s grim economic outlook and criticized the supposed right-of-center President, Mauricio Macri, for failing to deliver any meaningful economic liberalization. And reform is desperately needed. According to Economic Freedom of...
by Dan Mitchell | Apr 20, 2019 | Big Government, Blogs, Economics
Argentina is a sobering example of how statist policies can turn a rich nation into a poor nation. I’m not exaggerating. After World War II, Argentina was one of the world’s 10-richest nations. But then Juan Perón took power and initiated Argentina’s slide toward big...
by Dan Mitchell | Apr 14, 2019 | Blogs, Economics, Socialism
What’s socialism? Is it the centrally planned economies of Cuba and North Korea? Or the kleptocracies of Zimbabwe and Venezuela? How about the interventionist welfare states of Greece, Italy, and France? Or the redistribution-oriented Nordic nations? Since socialism...
