Socialism Cannot Work, Not Even in an AI-Driven Economy
Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.
Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.
Inflation did not benefit the poor; wages lagged behind the rise in prices during inflations, especially behind agricultural prices.
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.
In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false.
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite.
The "distributist" theorists Chesterton and Belloc imagined that economic interventionism could make life easier and more free. Yet their proposed system is neither moral nor practical.
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite. Actually, they should have no problem with that.
As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.
Leftists claim that developing nations are poor because Western nations once practiced colonialism. The truth is that empires do not foster economic growth.