Socialism

As the delegates gather for COP28 to set an agenda to "fight climate change," we should remember what they are seeking to do: destroy the world's economy as we have known it.

Africa, while being rich in natural resources, is hobbled by government corruption, socialistic policies, and a lack of economic freedom. One only can hope for change.

While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures.

As climate activists gather this coming week in Abu Dhabi, there is trouble in climate paradise. Sultan Ahmed Al Jaber, the meeting's host, is not on the same page with the Climate Apocalyptics, which, of course, gives him the dreaded moniker of “climate denier.”

While Argentina president-elect Javier Milei plans to privatize state-owned enterprises, there is a right way and a wrong way to privatize these entities. Murray Rothbard and Hans-Hermann Hoppe show the way.

Ezra Klein of the New York Times despairs of government’s impotence in building vast projects from energy grids to high-speed railways. He believes granting government absolute power is the answer.

The free market is not a partnership of government and business, in which “crony capitalists” and government officials conspire to mulct the public.

While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures.

Government-run medical systems are always touted by political elites, who usually take advantage of private care themselves. It is time for everyone else to have access to the same system.

The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender.