Peter's Blog

Socialists rarely abandon their ideology no matter how badly socialist economies perform, and that persistence makes sense once the goal is understood as the establishment of state control rather than genuine prosperity. Even the collapse of the Soviet Union and the ongoing crisis in Venezuela have failed to move true believers, who simply argue that […]

Free market economists have demonstrated why socialism fails: without true market prices, economic calculation becomes impossible. Some, however, fail to realize that this limitation also applies to other institutions, like nonprofits, that typically don’t face market prices either. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect […]