Economist Ben Powell Reports on His Worldwide Tour of Socialist Countries

Tags: Other Schools of Thought, Global Economy

08/06/2019 Robert P. Murphy Benjamin Powell

Ben Powell, head of the Free Market Institute at Texas Tech, discusses his newly-released book Socialism Sucks (co-authored with Robert Lawson). Powell and Lawson toured countries around the world to observe firsthand life under ACTUAL socialism—in places like North Korea and Venezuela—versus places that merely have large welfare states (like Sweden). They concluded that, well, socialism sucks.

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