Socialism

The Human Cost of Socialism in Power

by Richard M. Ebeling September 9, 2015

The attempt to establish a comprehensive socialist system in many parts of the world over the last one hundred years has been one of the cruelest and most brutal episodes in human history. Some historians have estimated that as many as 200 million people may have died as part of the dream of creating a collectivist “Paradise on Earth.” Making ...

Eighty Years of Socialism

by Laurence M. Vance August 12, 2015

Social Security reaches an important milestone in August of this year. The Social Security Administration is celebrating 80 years of “public service” with a tree-planting ceremony at the agency’s headquarters in Baltimore, a public-policy discussion in Washington, D.C., and activities at sporting events across the country. The Social Security Administration is celebrating 80 years of socialism. With little opposition, ...

The Crisis of the Welfare State

by Clarence Carson August 1, 2015

The welfare state is more like a vast overlay of interventions on the market and economy than the displacement of it. They burden the economy, distort it, disrupt it, but they do not replace it. The interventions produce episodic disorders as well as crises. Some of these have been called by such varied names as recessions, inflation, economic stagnation, ...

Build It and They Will Come

by Laurence M. Vance July 1, 2015

The city of Los Angeles is the country’s second-largest media market. Yet, the city has not had an NFL football team to call its own since the 1994 season, when the Rams and the Raiders each played their last games there. After beginning in Cleveland, the Rams called Los Angeles home from 1946 to 1994 before moving to St. ...

American Progressives are Bismarck’s Grandchildren

by Richard M. Ebeling June 17, 2015

American “progressives” portray themselves as “forward-looking,” advocates of a higher and better freedom than the traditional American conception of liberty as freedom from government coercion and control. In fact, they are the intellectual great-grandchildren of the “reactionary” nineteenth century Imperial German “Iron Chancellor,” Otto von Bismarck. A recent example of the progressive’s retrogressive notion of the meaning of freedom was ...

A World without the Welfare State

by Richard M. Ebeling March 25, 2015

We live in an era in which few can even conceive of a world without the welfare state. Who would care for the old? How would people provide for their medical needs? What would happen to the disadvantaged and needy that fell upon hard times? In fact, there were free market solutions and non-government answers to these questions long ...

Cruel Compassion

by George Leef March 1, 2015

Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed by Jason L. Riley (Encounter Books 2014), 407 pages. When he was asked, following the abolition of slavery, what the country should do with the Negro, Frederick Douglass issued this thunderous reply: “I have had but one answer from the beginning. Do nothing with us! Your doing ...

Is America Still on F. A. Hayek’s “Road to Serfdom”?

by Richard M. Ebeling February 16, 2015

A little more than seventy years ago, on March 10, 1944, there appeared in Great Britain one of the most amazing and influential political books of the twentieth century, The Road to Serfdom by Friedrich A. Hayek, which forewarned of socialist trends in Britain and America that ran the danger of leading to tyranny if taken to their logical ...

Power and Knowledge: Socialist and Militarist Calculation Problems

by Joseph R. Stromberg February 1, 2015

Economist Ludwig von Mises argued (1920) that real prices arise only from exchanges of privately owned goods; having abolished such prices, socialist systems could never calculate rationally. Economist F.A. Hayek agreed with Mises that central planning would produce poverty and totalitarianism, but made the use of knowledge in society the central weakness of socialist calculation. In his view (1945), ...

Yes, Virginia, There is No Political Santa Claus

by Richard M. Ebeling December 29, 2014

At a time of the year when gift giving and charitable good spirit fills the air, please allow me to be the one who rains on the parade: “Yes, Virginia, there is no Santa Claus!” I don’t mean the Santa who comes down the chimney with toys for every girl and boy. This is the Santa who really is Mom ...

TGIF: Free-Market Socialism

by Sheldon Richman November 14, 2014

Libertarians are individualists. But since individualist has many senses, that statement isn’t terribly informative. Does it mean that libertarians are social nonconformists on principle? Not at all. Some few libertarians may aspire to be, but most would see that as undesirable because it would obstruct their most important objectives. Lots of libertarian men have no problem wearing a jacket and ...

America’s Cluster- Bomb Congress

by James Bovard August 1, 2014

Tens of thousands of Americans have been bushwhacked by a single arcane sentence in a 673-page law Congress enacted six years ago. The IRS is seizing both federal and state tax refunds for individuals whom the Social Security Administration accuses of having received excessive benefits years ago. But the government often has zero evidence of the overpayments, and the ...