FAST FIVE: The World's Least-Free Countries Reveal Just How Much "Socialism Sucks"

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Ordinarily, one would urge students to read Hazlitt's Economics in One Lesson, Mises's “Economic Calculation in the Socialist Commonwealth,” and similar classic works, in order to understand the basic facts about the free market and socialism, but the millennials are unlikely to do so.

“Sweden grew most when it was freer than it is today.” (p.13) If some people admire Sweden, few except fanatics have good words for the economy of Cuba.

The low rate of infant mortality is a product of data manipulation.” (p.53) Why has Cuban socialism, like all other centralized socialist economies, failed.

The despotic governments mentioned were not genuinely socialist.

Whenever things go south, as they inevitably do, they claim that it wasn't 'real' socialism.

Categories: ZH