Black Markets Show How Socialists Can’t Overturn Economic Laws
In the Soviet Union, any significant goods had two price tags: one real and another virtual. One was the actual black-market price. The other was the "official" government price.
In the Soviet Union, any significant goods had two price tags: one real and another virtual. One was the actual black-market price. The other was the "official" government price.
Beyond the usual arguments about incentives and taxes, UBI is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.
Quite simply, there should be no public policy box marked “broadcasting.”
While many have been talking about Venezuela's food shortages, Cuba is now implementing a rationing program to combat its very own socialism-induced shortages of basic goods.
Environmental activists in US politics are making it quite clear that their goal is nothing short of a socialist economic revolution.
Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want.
Socialist regimes have long gone to great lengths to replace all the independent institutions of civil society with the omnipotence of the state in all things.
Why do so many people resent capitalism, even when they benefit enormously from it?
You don’t make people better off by artificially making energy more expensive. You only make them poorer.
Socialism, democratic or otherwise, rides on the back of force and violence. When they drop the veil, its a government agent pointing a gun.