A lucid argument can be made that we have never seen a truly Communist State as Marx envisioned it. What we see instead are Communist parties slipping into Socialism, Fascism, and despotism.
Bastiat's The Law is a classic in free-market economics. In this small treatise, Bastiat provides both a model of the classical liberal view of economics along with a critique of socialism.
Economics is easy to understand. It is work that makes wealth. It’s as simple as that
This article answers the question of how much is 1.6 trillion tax gap spread over ten years and raises the question of will tax reform pay for the gap. Also it is a primer on using powers of tens.
Most of us were taught the tenets of business and capitalism when we were fairly young. Most of us also believed it. However, time has demonstrated that capitalism isn’t exactly an ethical enterprise.
THE AMERICAN DREAM - “That dream of a land in which life should be better ..., with opportunity for each according to ability ... regardless of ... circumstances of birth ...” —James Truslow Adams
If you don't have a job, you don't have money. That's the truth for most people. A universal basic income was first proposed by Thomas Payne. It's still a good idea. So who is going to pay for it?
The disadvantages of making a profit far outweigh the advantages to business been driven by profit. Far from destroying business and motivation, making profit illegal would enhance the economy.
Where does the money go that you spend in the mall?
When government handed over services and industries to the private sector, the private sector certainly cut costs. They also lowered quality, safety, and increased prices.