Socialism: Inability of Economic Calculation (4 of 4)

Socialism: Inability of Economic Calculation (4 of 4)

When it comes to choosing between socialism and capitalism as an economic system, the problem is somewhat different. The authors of socialism never suspected that modern industry, and all the operations of modern business, are based on calculation. Engineers are by no...
Socialism: Freedom vs. Slavery (1 of 4)

Socialism: Freedom vs. Slavery (1 of 4)

I am here in Buenos Aires as a guest of the Centro de Difusión Economía Libre. What is economía libre? What does this system of economic freedom mean? The answer is simple: it is the market economy; it is the system in which the cooperation of individuals in the...
Sweden Isn’t Socialist

Sweden Isn’t Socialist

For years, I’ve heard American leftists say Sweden is proof that socialism works, that it doesn’t have to turn out as badly as the Soviet Union or Cuba or Venezuela did. But that’s not what Swedish historian Johan Norberg says in a new documentary...
“Single-Payer” Health Care Socialism

“Single-Payer” Health Care Socialism

People say America has free-market health care, but we don’t, and we haven’t since World War II. Government and government-subsidized insurance companies currently spend most of America’s health dollars. America needs single-payer health care, say...
Free Markets vs. Democratic Socialism

Free Markets vs. Democratic Socialism

Warnings are frequently heard nowadays that democracy is currently under threat. And with a demise of democracy will come a loss of liberty. Indeed, democracy and freedom are frequently heralded as being synonyms. An important question, however, is, What do these...

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