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Capitalism doesn't have to be implemented in a "pure" form for its benefits to be realized. Meanwhile, socialists must make excuses for repeated failures.
Under the "Hindenburg Program," economic and industrial interventionism became absolute in Germany. Thus the ideal of "total war" was realized.
World HistoryHistory of the Austrian School of Economics
The real founders of economic science actually wrote hundreds of years before Adam Smith.
Global EconomyWorld History
China's new "Silk Road" for international trade is an important component in the regime's larger geopolitical strategy.
Peasants in pre-industrial societies often worked fewer hours than modern-day workers. They also had a shockingly low standard of living.
Labor and WagesLegal SystemWorld History
The real economic discovery of civilization was the free market.
Big GovernmentCronyism and CorporatismWorld History
How prevalent has political corruption been over recorded history—and how did it originate?
World HistoryPolitical Theory
There's no reason to believe choosing representatives through a lottery system or "by chance" is worse than what we have now.
The medical establishment has done its best to crush market-oriented strategies to make healthcare more affordable.
The Soviet economy was such a mess that regular infusions of new technology and capital from the West were necessary to avoid total economic meltdown.