Why socialist societies deplete and destroy earth’s natural resources faster than free-market systems
Many attribute environmental degradation and pollution to free market enterprise, an economic system in which corporations routinely operate aberrant of the law. However, this type of reckless behavior is not limited to capitalism. As the Foundation for Economic Education (FEE) points out, “profit motive” is not the primary cause of pollution. If this were true, Read More
Federal government set all-time record for number of new regulations in 2015
The federal government managed to achieve another record-breaking year in 2015 regarding the number of new regulations created. The final page count of the 2015 Federal Register reached 82,036 pages, more than last year’s 77,687 pages, and higher than the previous record-holding year of 2010. Clyde Wayne Crews of the Competitive Enterprise Institute wrote: “Among Read More
Venezuelans turn to organic farming and natural and homemade products as economic collapse worsens
As Venezuela’s economic crisis worsens, those with skills of self-reliance are fairing much better than those enslaved by government dependency. Currency restrictions enforced under a socialist regime, along with falling oil prices, have plunged the nation into economic despair, resulting in food shortages and vigilante justice as Venezuelans take matters into their own hands, punishing Read More
