capitalism

2:30AM
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‘New Socialist Man’ was a selfish corrupt cheat

With no carrots in the form of market incentives, socialist leaders deployed a terrifying array of sticks.


3:00AM
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More capitalism, less government—that’s how you reduce racism

Racism is also costly for the person doing the discriminating.


9:26AM
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Despite best-laid plans, socialism does not create abundance

By the early 1980s, there were 57 Poles waiting for telephone service for every 100 subscribers.


9:36AM
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Schumpeter sagely foresaw today’s anti-capitalist class

Special interests increasingly use government to lessen competition and secure favours at taxpayer expense.