Tag Archives: 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 , , , , , | Leave a comment

The Other Shoe Drops in Cuba

It didn’t take long for the other shoe to drop in Cuba. A little over a week ago, I posted a link to an interview in which Fidel Castro admitted that socialism wasn’t working in his country. Now we learn … Continue reading

Posted in Current Events | Tagged , , | Leave a comment