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GIS Dossier: Socialism
Inequality, social injustice, economic downturns – lately the blame for such phenomena is laid at the feet of capitalism. Increasingly, and especially among the younger generation, socialism is touted as the cure for all these ills. Yet over and over, history has taught us that government meddling in the economy is a recipe for disaster. This GIS Dossier examines the latest rise in the popularity of socialist philosophies, the ways in which governments are implementing socialist policies already, and what their impact is likely to be.
Opinion: The primacy of politics is a dangerous dogma
Even after the fall of Communism, the vision of a planned and controlled society is alive and well. By putting politics first, however, the idea that human affairs must be managed centrally and bureaucratically necessarily limits individual rights and freedom of choice. In the end, it simply substitutes tyranny for ...
A choice for economies: Freedom or socialism
Some say the global economy is slowing down due to Brexit and the U.S.-China trade dispute – but these developments are not the real dangers. Far more insidious is the trend toward increased government influence in economies and large public debts. Yet, even many economists have adopted the notion that ...
Planning the economy
Political interventions rather than markets are causing economic crises in the world. Misguided attempts to centrally plan and manage the complex transactions of millions of different players are bound to produce unexpected results. In 2007-2008, politically inspired intervention in the housing market in the United States caused an international financial ...
Opinion: How Brazil’s new man got there
Jair Bolsonaro, a retired Army captain and outspoken conservative, clinched the top job in Latin America’s biggest nation by targeting the electorate’s justifiable fears, his opponents’ weaknesses and Brazil’s real need for economic reforms. The new cabinet puts academics, political luminaries and former military officers in key positions. President Bolsonaro ...
