socialism

Nicolás Maduro’s mismanagement may have brought dark days for Venezuela, but there’s a Bitcoin-shaped light at the end of the tunnel.

Schumpeter warned that socialism might ultimately prevail over capitalism, for four reasons. Creative disruption is rarely popular. Capitalism itself tends towards oligopoly. Intellectuals are susceptible to socialism. So are many bureaucrats and politicians.

Democrats are now stooping to seduce voters with neo-Marxist promises to end “systemic racism,” “reimagine” policing, guarantee “free” health care, and “pay” for higher education. The lure of a socialist utopia in which the individual finds ultimate fulfillment in the state has deceived countless people throughout the 20th century. Yet in the end, that promise …

Racism and anti-Semitism were second nature to him, and yet the cancel culture gives him a free pass every time. In a cancel culture targeting everyone from Confederate to Union generals, Columbus to Winston Churchill, Francis Scott Key to even Abraham Lincoln and all of Mt. Rushmore, and where the racial statements and attitudes of …

The United States has never had a meaningful socialist tradition or even a semi-serious socialist party. Socialism in the United States is a fringe movement at best and always has been. This makes the sudden acceptability of socialism all the more surprising. But with one avowed socialist, Bernie Sanders, campaigning for the presidency for a …

American history shows that federalism initially went too far in its protection of states. Slavery made plain the most obvious flaw in the Constitution’s original design – it failed to provide a minimum protection for individual rights against states as well as the federal government.  Slavery deprived a specific race, brought to the United States …

Socialism is finally getting the American honeymoon it never got in the last century. But American federalism’s division of power between a national government and fifty sovereign states makes difficult, if not impossible, the unified economic planning necessary to supplant capitalism. Decentralization of power, the Constitution’s Framers hoped, would not just promote government effectiveness but …

Venezuela’s infamous Hugo Chavez, the UK’s Jeremy Corbyn, the US’s Bernie Sanders all proclaim their unwavering pledge to help the “poor” by increasing government intervention to raise their living conditions and to fight the injustices of inequality and capitalism. According to their message, poor people are both pure and perpetually helpless, the condemned victims of a …