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Socialism
The penultimate chapter of Shawn Ritenour’s Foundations of Economics deals with socialism–what it is, why its supporters advocate it, and why it always fails. Socialism is defined as an economic system in which the State owns all the means of … Continue reading
Posted in Books, Economics
Tagged calculation problem, communism, fascism, Foundations of Economics, Shawn Ritenour, socialism
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Another Communist Massacre I Didn’t Know About
We were all taught in school about certain despicable atrocities that occurred during the 20th century. The most obvious one is Nazi murder of Jews in concentration camps, and no stone has been left unturned in trying to hunt down … Continue reading
Posted in Current Events
Tagged Christianity, communism, Cultural Revolution, Nazis, Stalin, Tito, Yugoslavia
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