Socialism may be established by force, as in the Union of Soviet Socialist Republics — or by vote, as in Nazi (National Socialist) Germany.

The alleged goals of socialism were: the abolition of poverty, the achievement of general prosperity, progress, peace and human brotherhood. The results have been a terrifying failure — terrifying, that is, if one’s motive is men’s welfare. Instead of prosperity, socialism has brought economic paralysis and/or collapse to every country that tried it. The degree […]

“1984” Has Come to China

You’re probably familiar with George Orwell’s classic dystopian novel Nineteen Eighty-Four; (it’s often published as 1984). It was written in 1948; the title comes from reversing the last two digits in 1948. Orwell intended it as a warning about how certain countries might evolve in the aftermath of World War II and the beginning of the Cold War. […]

Plato in the Republic talks about how the younger generation—and we’re talking fourth century BC—can’t stand up to the moral values of their forefathers.

Older people have always thought that the younger generation wouldn’t quite measure up. In recent American history, you’ll recall, the younger generation were the beatniks in the ’50s, the hippies in the ’60s, and the yuppies in the ’80s—so it’s a passing parade. Older people have a tendency to think the world is going downhill. […]

Hong Kong Headed for Crisis Again

Now the protests look like they’re starting again, and rightly so. Here’s China’s dilemma… If Beijing tolerates more protests (and they succeed), they may lead to greater autonomy for Hong Kong at a time when Beijing is trying to strengthen and centralise its control. But if Beijing cracks down on the protestors, it will have […]

Those who pull the strings make tremendous profits by manipulating an economy over the length of prosperous times, but they make just as much in crisis periods.

They simply wait until an economic collapse has been completed and the dust has settled, then they buy up the remaining companies at rock-bottom prices at a time when the average investor has been wiped out. Then, when the economy begins its recovery, they ride the next wave of prosperity. For this reason, anyone who’s […]