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  • You Can’t Deny that Venezuela is a Socialist Calamity

    You Can’t Deny that Venezuela is a Socialist Calamity0

    As Venezuela descends into a nightmare of starvation and violence, the long-standing debate over the feasibility of socialism takes on new relevance. Years of explicitly socialist policies from the Chavez and Maduro regimes have taken their toll, as nationalization and a variety of other attempts to abolish or subvert market processes have destroyed what was

  • Gender Pay Gap Myths (and Truths)

    Gender Pay Gap Myths (and Truths)0

    The ongoing battle over gender equality has turned the question of the relative pay of women and men into quite the political football. Over the last few years, defenders of markets, including me, have been on the offensive, arguing that the gender pay gap is in some sense a “myth.” More recently, critics have replied

  • Is Capitalism Good for the Poor?

    Is Capitalism Good for the Poor?0

    Critics frequently accuse markets and capitalism of making life worse for the poor. This refrain is certainly common in the halls of left-leaning academia as well as in broader intellectual circles. But like so many other criticisms of capitalism, this one ignores the very real, and very available, facts of history. The biggest gains in

  • When Socialism Works

    When Socialism Works0

    Because of Bernie Sanders’s campaign for the presidency, many Americans are asking if “democratic socialism” is possible. Can there be a form of socialism that really includes the voices of all the people? In a March 17 feature at FEE.org, economist Sandy Ikeda offered some strong reasons to doubt it (see “‘Democratic Socialism’ Is a


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