October 26, 2020
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Tag: Socialism

Pope Francis’ Curious Encyclical, Part 2

Summary of Part 1: In Rerum Novarum (1891) Pope Leo XIII wrote: “The first and most fundamental principle . . . if one would undertake to alleviate the condition of the masses, must be the inviolability of private property.” [Paragraph 15. Emphasis...

Pope Francis’ Curious Encyclical

Pope Francis’ latest encyclical, Fratelli Tutti (Brothers All) offers an odd combination of timely and profound insights, flawed judgment, and an error in historical fact. The factual error is serious because it encourages those who are...

Democratic Socialism versus Totalitarian Socialism

When I write about socialism, I often point out that there’s a difference between how economists define it (government ownership, central planning, and price controls) and how normal people define it (lots of taxes, redistribution, and...

Elon Musk’s Economic Truth Bomb

Elon Musk dropped an economic truth bomb on Joe Rogan’s podcast a couple of months ago. “If you don’t make stuff, there’s no stuff.” Obvious? You’d think so. But, as Musk pointed out, our economic policies throughout the COVID-19 pandemic have...

Joe Biden’s “Type 2” Socialism

Joe Biden revealed on Thursday the first part of “Build Back Better,” his plan for economic recovery from the COVID crisis. As Morning Brew reports, Biden plans to spend: $300 billion on “R&D for advanced tech industries such as batteries...

The Growing Threat of Socialism

Friedrich von Hayek (1899-1992) was a Hungarian Economist, Philosopher, and Nobel Prize winner best known for exposing the tragic flaws of Socialism, notably in The Road to Serfdom (1944). Five years later he published “The Intellectuals...

Why Socialism Often Leads to Tyranny

There is plenty of anecdotal evidence that communism leads to tyranny. Mention the countries North Korea, Cuba, the Soviet Union, Mao Tse Tung’s China, East Germany, and Venezuela, and most people immediately think of an oppressed population with...

Rendering Unto Caesar: Was Jesus a Socialist?

On June 16, 1992, London’s Daily Telegraph reported this astonishingly bold remark by former Soviet leader Mikhail Gorbachev: “Jesus was the first socialist, the first to seek a better life for mankind.”1 Perhaps we should cut...