Meanings of the Word Socialism
Lamartine, before the Hotel de Ville, Paris rejects the red flag of revolution and socialism on Feb. 25, 1848. By Henri Félix Emmanuel Philippoteaux , Public Domain Late yesterday, while … Read More
Tag: Socialism
Relating to performance of centrally planned, socialist economies
What Do Young Americans Believe?
Sir Winston S. Churchill, Prime Minister of the United Kingdom, 1940 to 1945 and 1951 to 1955 Photo Credit: Wikimedia Commons/Library of Congress/United Nations Information Office “Socialism is the philosophy … Read More
Morality and Capitalism
All a capitalist cares about? Photo Credit: Freeimages.com/Fernando Mengoni There are many such as Barack Obama, Hillary Clinton, Bernie Sanders, Elizabeth Warren, and Bill Gates, … Read More
The Insuperable Problems of the Democratic Party
Sisyphus and his rock. Photo Credit: Wikimedia Commons/Titian(1490-1576), Prado Museum, (PD-US-no notice) In the post Democrats’ 2016 strategy assumes America is lurching left. Are they wrong? in this morning’s theweek.com … Read More
Adam Smith’s “Invisible Hand” and Evolution
I was inspired to write this post by a person named Cai in a comment on Clouds and Global Warming. Not that the suggestive part of Cai’s comment had anything to … Read More
The Complexity of Reality
How arrogant people are who think they understand enough about a nation’s economy that they can control it! This thought came to me while thinking about the implicit assumptions progressives make. … Read More
Why Socialism Does Not Work
Typical grocery store queue in Vilnius, Lithuania, USSR in 1990. Note the bare shelves. Photo Credit: Reddit/HistoryPorn Yesterday I published a post in which I viewed with alarm the rise … Read More
Bernie Sanders and the Road to Serfdom
Senator Bernie Sanders (I-VT) Photo Credit: Wickimedia Commons/Nick Solari This morning I read a very disturbing article by David Harsanyi on the federalist.com entitled “Bernie … Read More
Adam Smith’s Invisible Hand
Although it might not be immediately obvious to you, the law of supply and demand implies one of the most important functions of money. Everyone knows money serves as a … Read More