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Why does communism/socialism not allow a free-market economy? Why do private solutions do not always work? Is it because bargaining simply breaks down? Everyone is holding out for a better for themselves. Explain and provide a short and easy example. ...
Moreover, there have been some claims of the novel being part of an overall communist plot (Pinsker 41). The novel was published a few years after the Cold War between the U.S. and Russia initiated in 1947. Americans despised communism and Russia despised democracy. The idea of the novel...
The importance of the "big bang," as it was called, only started to become clear after the second event: the collapse of Communism in Eastern Europe and the Soviet Union. The former Soviet countries had no institutional ability to regulate the new capitalism which had been emerging among...
“so for the first time the bosses aren’t in it for a profit… a kind of Western communism.” In practice, the company’s chief directive became to cultivate new talent. Apple indeed discovered or helped to develop some worthy music artists – includingJames Taylor, Badfinger, Mary Hopkin...
How did a country as conservative as the United States ever manage to elect a man as utterly weird as Donald Trump? For decades, politicians have tried to sell themselves to ordinary people by pretending to be normal. Look at me eat a hot dog at a diner, just like all of you gurning...
The inspiration behind Doing Business was two-fold. First, both Shleifer and I had previously researched the experience of centrally planned economies and documented the waste of entrepreneurial talent and resources as a result of overregulation. With the collapse of communism, research on the benefit...
The Trump administrationwas reluctantto confront Saudi Arabia over the killing of Khashoggi, a Washington Post columnist who lived in Virginia. Beyondrevoking the visasof some Saudi officials implicated in Khashoggi’s death, Trump did nothing to punish the kingdom for Khashoggi’storture, assassin...
The period 1912-49 in China is commonly called ‘Nationalist’. But at no time did it have a functional government that deserved the nameNationalist. A minority of the warlords tried to be, and nowadays get listed as ‘patriotic’ by Beijing. But the people on top never dared to insist ...
military communism; political commissars with Mauser pistols; a ruthless state security apparatus; Leon Trotsky. We’re kind of short on Trotsky, with him being dead and all, but I just have to wonder. Would an anarchic, chaotic Ukraine in a state of civil war, with a demolished economy ...