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Socialism Always Moves to Tyranny
Socialism Always Moves to Tyranny The economic message taught in most universities is very distorted. It universally teaches children to judge economic systems from the perspective of their victims. They will endlessly point out the impoverished people and the devastation of the climate as proof that capitalism is evil and that we need government […]
Canada vs. Venezuela: Have the Koch Brothers Captured Canada’s Left?
Canada vs. Venezuela: Have the Koch Brothers Captured Canada’s Left? Photo by Eden, Janine and Jim | CC BY 2.0 With a U.S.-backed military coup or invasion in Venezuela looking ever more likely, Canada’s progressive leftists are pushing for the federal New Democratic Party (NDP) to abandon its “reactionary” foreign policy position on that country. […]
The U.S. Deficit Is Beyond Control: Markets Don’t Like Long-Term Government Insolvency
The U.S. Deficit Is Beyond Control: Markets Don’t Like Long-Term Government Insolvency Economist John Williams sat down with USA Watchdog‘s Greg Hunter to discuss the dire state of the dollar and United States economy. The monetary path the US is on is out of control, and the unwillingness of government officials to reduce the deficit and […]
Systems That Suck Less
Systems That Suck Less Last week’s post on political economy attracted plenty of disagreement. Now of course this came as no surprise, and it was also not exactly surprising that most of the disagreement took the shape of strident claims that I’d used the wrong definition of socialism. That’s actually worth addressing here, because it […]
Canadian Separatists
Canadian Separatists COMMENT: I think the danger for Canada is not Quebec leaving because they get 11 billion dollars a year given to them by the federal government, it is the provinces paying the bills that are more likely to leave, western Canada in general but especially Alberta which has been getting hosed. As you noted […]
An Introduction to Political Economy
An Introduction to Political Economy Last month, when I looked across the vast gray wasteland of the calendar page ahead and noted that there were five Wednesdays in November, I asked readers—in keeping with a newly minted but entertaining tradition here on Ecosophia—to suggest a theme for the fifth Wednesday post. This blog being the […]
For Saving the Earth We Need to Tell the Whole Truth — an eco-socialist’s response to Richard Smith
For Saving the Earth We Need to Tell the Whole Truth — an eco-socialist’s response to Richard Smith In his article,1 Richard calls upon his readers to “change the conversation”. He asks, “What are your thoughts?” He says, if we don’t “come up with a viable alternative, our goose is cooked.” I fully agree. So […]
England Inches Down the Road to Serfdom
England Inches Down the Road to Serfdom Hayek’s whole purpose in writing this chapter, “The Totalitarians in Our Midst,” serves as a warning to his readers. Hayek has spent the last few chapters of The Road to Serfdom explaining the roots and rise of totalitarian governments. In chapter twelve, Hayek highlighted prominent Marxist theorists who […]
The Silencing of Dissent
The Silencing of Dissent The ruling elites, who grasp that the reigning ideology of global corporate capitalism and imperial expansion no longer has moral or intellectual credibility, have mounted a campaign to shut down the platforms given to their critics. The attacks within this campaign include blacklisting, censorship and slandering dissidents as foreign agents for […]
“Liberal Socialism” — Another False Utopia
“Liberal Socialism” — Another False Utopia Very often bad and failed ideas do not die, they simply reappear during periods of supposed social and political crisis in slightly different intellectual garb, and offer “solutions” that would merely help to bring about some of the very types of crises for which they once again claim to […]
Venezuela: Dictatorship, Collapse And Consequence
Venezuela: Dictatorship, Collapse And Consequence If you want to outline the numerous failures of ideological and economic socialism, just name any socialist nation and you are sure to uncover an endless supply of examples. In fact, many countries where socialism is not total but making considerable inroads often suffer from severe decline — the U.S. […]
Marx, Orwell and State-Cartel Socialism
Marx, Orwell and State-Cartel Socialism When “socialist” states have to impose finance-capital extremes that even exceed the financialization of nominally capitalist economies, it gives the lie to their claims of “socialism.” OK, so our collective eyes start glazing over when we see Marx and Orwell in the subject line, but refill your beverage and stay […]
Watch Venezuela, Because Food Shortages, Looting And Economic Collapse Are Coming To America Too
Watch Venezuela, Because Food Shortages, Looting And Economic Collapse Are Coming To America Too The full-blown economic collapse that is happening in Venezuela right now is a preview of what Americans will be experiencing in the not too distant future. Just a few years ago, most Venezuelans could never have imagined that food shortages would […]
How I Became a Libertarian and an Austrian Economist
HOW I BECAME A LIBERTARIAN AND AN AUSTRIAN ECONOMIST I suppose I can date my interest in both libertarianism and Austrian Economics from the day I was born. The doctor grabbed me by my little feet, turned me upside down and spanked my tiny bottom. I began to cry out. That is when I realized […]
“Free Stuff” Isn’t All That It’s Cracked Up to Be
“Free Stuff” Isn’t All That It’s Cracked Up to Be To my British and American friends who must deal with the socialist nonsense of Bernie Sanders and Jeremy Corbyn, I found this poem. It was written by Rudyard Kipling, the writer most hated by English Socialists in the 40s and an opponent to the interventionist […]
