Besides abolishing profit (and other unearned incomes), socialist countries also abolish rent and interest. A socialist economy is a democratic economy. Because socialist economies do not have ...

The myth of socialist Sweden persists but in fact it has left many of the policies of the 70s and 80s behind and become one ...

Chile was the most capitalist country in Latin America and had prospered as a result. But since the election of socialist ...

Alexandria Ocasio-Cortez, argue that income inequality, systemic racism, and the widening wealth gap point to the need for socialist economic policies to level the playing field. They also argue that ...

in countries around the world. Venezuela, with all its rich oil resources, is currently on the verge of economic collapse, after its heady fling with socialism. But, most of the young have missed ...

On the other hand, countries with free-market economies tend to be free in other ways, too. Of course, when Bernie and his followers talk about socialism, they don’t really want to turn the U.S ...

The promulgation of the theory of “socialism in one country” represented a fundamental ... so-called comprador bourgeoisie, that is, the economic and political agency of foreign capital ...

But since the election of socialist Gabriel Boric ... ranked first among all Latin American countries. And in the Heritage Foundation’s 2022 Index of Economic Freedom, Chile occupied 20th ...