Two recent surveys’ reporting that more than half of millennials identify as socialist should ring alarm bells for people who support free markets and individual liberty.
I’d take whatever Bernie Sanders calls socialism over accountable capitalism any day, because rather than starve the dynamic private sector of resources, Elizabeth Warren’s vision stifles the dynamism itself.
In a world where it sometimes feels like free market advocates are tolerating more intervention in our economy than we would have ever predicted, Lavoie calls upon us never to forget the abiding importance of remaining true to one’s belief in the power and humanity of markets.
A great divide is opening between older socialists like Sanders and 'The Squad'
Among the most conspicuous of socialism’s failings is its capacity to generate vast shortages of things essential for life.
When Professor Stiglitz says that his neo-socialism is the only alternative to the failed neo-liberalism of our time, he is merely saying: let me impose upon you the economic planning schemes that I consider the good, fair, and just ones for you, in place of those other command-economy coercers who want to take you down “wrong” collectivist paths compared to mine.
Government right now is historically unpopular, just as the free market is widely respected as the proper way to bring about social change.
If socialism can’t be made to work in such a small and simple case like this, why would one think that all these problems would go away once you expand the idea of common ownership to the whole of society and all existing goods?
People can vote with their feet for different political, economic, and social institutions. They have overwhelmingly voted for liberty, opportunity, and prosperity when free to do so.
The food shortages have led to the end of anything normally called morality. Gangs of a thousand go hunting for food. They seize on a grocery store and light it on fire to provide light so that people can see in order to loot the place. Then it burns to the ground.