The Failure of Socialism

The Failure of Socialism


In an earlier article, “Economic Ignorance“, we discussed the importance of profits and the incentives to gain those profits. At the end of the article I eluded to the failure of socialism. This article will go into some depth of why socialism is a failure. Flesh and Blood We must first begin with the understanding…

Stepping on Toes

Stepping on Toes


Some months ago, I was involved in a discussion on Facebook with an Austrian economist (who I respect very much), and some of his followers. The discussion was about squatters on the west coast who were occupying foreclosed and bank owned homes. The economist asked the question about squatter’s rights and actual ownership of real…