Tag Archives: socialism

Football, the most red-blooded, all-American, do-or-die, love-it-or-leave-it sport there is was founded on a concept so "un-American," it would make Ronald Reagan turn over in his grave. It's called socialism. Yes, socialism!

Americans are ignorant about just what democratic socialism really is so here is a comparison of the economics of the avowed social democratic society of Norway and the unfettered capitalism of the U.S. Well, actually, there is NO comparison.

The Gallup Poll asks Americans about their attitudes toward capitalism and socialism on a semi-regular basis and below are the results from a poll carried out in October 2021

There are many different types of economies - communism, socialism, capitalism and democratic socialism. We tend to use the terms concretely, which necessarily introduces inaccuracies and, as such, they serve as excuses not to think and to hold economic beliefs that discourage explorations of the mismatch between theory and practice. Do you know exactly how they differ? Read on.

The truth about the link between socialism and prosperity.

"… those who are waiting for the Fed cavalry to ride over the hill and rescue the economy are doomed to disappointment....The banks are awash in loanable funds, businesses are cash-rich and opportunity-poor, and interest rates are already so low that lower still will not attract borrowing....More liquidity is unlikely to impart more impetus to the sluggish economy…. Congress and the President should not count on the Fed to bail them out of their mistakes…. Central banks are unable to help in the face of persistently flawed economic policies."