Socialism
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The Market Democracy vs. Democratic Socialism
Under a regime of democratic socialism, for an individual to have the opportunity for any such changes in many aspects of life, it would be necessary for him to change enough other minds that the next time voting is held on these issues, new decisions would be made about these everyday matters.
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Distribution in Markets Is Always Just
It is simply false to think that production and distribution can be separated, much less that they should be.
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Democratic Socialism Is Poetry, Not Economics
It is not serious thought to go around simply demanding that everything be free. That demand solves no problem that has occupied the world of economics for a thousand years. Try to implement it and someone, everyone, is going to pay – long lines, impossible high taxes, hyperinflation, material deprivation – and not through choice.
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Over Half of Millennials Identify as Socialist. Here’s How to Change Their Minds.
How does one make the case for capitalism to young Americans who identify as socialist?
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Venezuela: Socialism, Hyperinflation, and Economic Collapse
The socialist Bolivarian Revolution in Venezuela led by its late president, Hugo Chávez, appears to have failed. The Venezuelan economy has collapsed and hyperinflation has destroyed the country’s currency. The economy contracted over 10 percent in 2016, and inflation accelerated to 700 percent. President Nicolás Maduro is continuing the disastrous economic policies of the late…
