free markets
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The economic consequences of a global fragmentation will be severe
As the economy begins to sag, China’s ruling party is tightening control over the country and fanning nationalist sentiments in response to justified criticism from abroad. International tension is rising. The world could split up into competing political and economic blocks once again. This would be particularly harmful for Europe, which very much depends on doing business with the Middle Kingdom to maintain its prosperity.
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 ...
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 ...
