Socialism (or statism) always makes people poorer than capitalism. One amazing fact is that statist Venezuela was about three times richer than capitalist South Korea about fifty years ago, but now that ratio is almost reversed. Go figure
The question of what kind of cultural prerequisites are necessary for economic success has been debated and has generated intense controversy for centuries. So what's the answer?
Many of those who oppose capitalism (aka the free society) have either fallen for myths about it or dishonestly purvey them. Dan Mitchell, from the Cato Institute, busts some of those myths
40 minutes late, and trailed by the BBC as “David”, it’s safe to say that Ed Miliband’s big relaunch speech didn’t go so well.
We are wholly dependent on the kindness of our readers for our continued work. We thank you in advance for any support you can offer.
2019 © Copyright S.M.A.R. s.r.o.
Built with love by Evermore