by Sven R. Larson | Nov 13, 2018 | Blogs, Economics, Socialism
It has been a long time since I read a newspaper article that succinctly summarized the total, utter and unmitigated destruction that is socialism, but the November 8 article in the Wall Street Journal (p. A13, print edition) about corporate flight from Venezuela,...
by Dan Mitchell | Nov 11, 2018 | Blogs, Economics, Free Market
I periodically explain that labor and capital are the two factors of production and that our prosperity depends on how efficiently they are allocated. But I probably don’t spend enough time highlighting how they are complementary, meaning that workers and capitalists...
by Dan Mitchell | Sep 13, 2018 | Big Government, Blogs
Ever since 2010, I’ve been pointing out that Venezuela is a horrifying and tragicexample of what happens when the private sector in a country is almost completely suffocated by excessive government. And with the country now in a death spiral, you would think it’s a...
by Dan Mitchell | Jul 29, 2018 | Blogs, Economics
Move over, Crazy Bernie, you’re no longer the left’s heartthrob. You’ve been replaced by Alexandria Ocasio-Cortez, an out-of-the-closet socialist from New York City who will enter Congress next January after beating a member of the Democratic leadership. Referring to...
by Dan Mitchell | Jul 24, 2018 | Blogs, Economics
I’m in China this week, giving various lectures at Northeastern University in Shenyang. My topic today was “Real-World Examples,” which gave me an opportunity to share many of the charts I’ve developed showing how market-oriented nations enjoy much more long-run...
