free markets
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Disastrous economic and social ideas are making a comeback
It is hardly a coincidence that a new monument of Karl Marx, the creator of socialist philosophy, was erected with great pomp in the city of his birth in 2018. Marxist thinking has been undergoing a renaissance for all sorts of wrong reasons, including in academic and political circles. Beware, as socialism has produced only poverty, oppression and genocide.
Reforming capitalism: A fight built on envy
It has become common to blame capitalism for climate change and wealth inequality. However, the premises underlying the debate around the issue are profoundly misguided – the current system is far from aligned with free-market prescriptions. But despite their skewed view of reality, advocates of government intervention are likely to ...
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 ...
Opinion: A possible scenario for Hong Kong
The turmoil in Hong Kong does not pose a direct threat to the power and survival of the party-state in China. Beijing must be frustrated by the Hong Kong government’s inability to pacify the protesters and has issued some dire warnings to them. Using the Hong Kong garrison of the People’s ...
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 ...
