The Endless Failure (but Bizarre Allure) of Socialism

International Liberty

Back in 2014, I wrote a column asking my leftist friends two very serious questions. And I often repeat these questions when debating proponents of bigger government.

  • Can you name a nation that became rich with statist policies?
  • Can you name a nation that with interventionism and big government that is out-performing a similar nation with free markets and small government?

I’ve yet to receive a good answer to either question. Many leftists point to certain European welfare states, but I debunk that claim by pointing out that those nations became rich when government was very small (about 10 percent of GDP, about one-half the size of the current Hong Kong and Singapore public sectors).

Others point to rapid growth in China, but that’s rather silly since improvements in that country’s economy are the result of partial liberalization. In any event, it’s not that difficult to have rapid growth…

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