Category Archive: Unfree Markets

May 18

Venezuelan socialism drove away 9,000 companies

Socialism is a curse that no one should wish for–unless one wishes it on a hated enemy. Any society that adopts socialism will inevitably become sick and weak over time. Venezuela went hard-line socialist in 2000. Sociology professors in the U.S. cheered the Latin American country on. But just 16 years later, Venezuelans are starving …

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May 12

Brazil Collapses under Socialism

Like Venezuela, Brazil has been on a government-growing binge. Government “workers” have been given increasingly favorable pension and payment packages. Many retire young and live as barons at taxpayer expense. See here. But the socialist trend of the past 15 years is now producing negative returns in Brazil. The economy is collapsing. See here. Now …

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May 09

Venezuela Continues Downward Spiral

There has never been a famine in a capitalist country; famines and massive die-offs from starvation only occur in socialist countries. Here is a detailed Bloomberg News Service report about the economic collapse of socialist Venezuela. “Catastrophe is the new normal.” Amazingly, Venezuela has THE WORLD’S LARGEST OIL RESERVES. Yet the country is plagued by …

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May 07

Government slave plantation health care generating more ‘group doctor visits’

Every government program designed to help poor people get health care produces the opposite effect: Medicare, Medicaid, and Obamacare all subsidize artificial demand, causing prices to rise. If government withdrew its evil tentacles from health care, medical prices would quickly adjust downward and quality would quickly adjust upward. Markets always win. Now the New York …

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May 03

Medical Industry Becomes More Dangerous as it Becomes More Regulated: Medical Errors are now Third Leading Cause of Death

Never before in world history has an industry fallen under so much regulation as the current U.S. Medical Industry, an industry gorged on government money. Yet medical mistakes are now the third leading cause of death in America. See here. Only heart disease and cancer claim more lives. Indeed, “medical errors” in hospitals and other …

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May 01

Obamacare impoverishing millions

The government’s 2016 projections for Obamacare enrollees were off by 24 million people. The public has balked at sky-high premiums and deductables, while insurers have lost BILLIONS. Now the insurance companies are saying they will need to spike premiums in 2017. For example, in Virginia, a state that reports early, nine insurers returning to the …

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Apr 21

American businesses are in decline due to overregulation

Trusters of government have been pouring on regulations since the 1990s. Here is a Washington Post story about the decline of American entrepreneurship. Fewer business are launching. More are leaving, liquidating or dying. The average age of businesses is getting older (as young people stop starting businesses due to onerous licensing requirements). Thus, the efforts …

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Apr 21

More sad news for Venezuela: Government to ration electrical power

Venezuela, a South American country with dynamic people and the world’s largest proven oil reserves, has suffered under the curse of socialism for two decades. After the Venezuelan government took a hard-line turn toward socialism in the 1990s, the government took over most industries. Now the government of the oil-rich nation can’t provide enough electricity …

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Apr 18

UC Berkeley Forced to Cut 500 Jobs After $15 Minimum Wage Hike

More than 100 peer-reviewed studies have found that increasing (or establishing) a minimum wage law causes higher unemployment. Unemployment, in turn, is correlated with a number of measures of social ills, including increased suicide rates, rates of first admission to mental health facilities and rates of alcoholism. Now, just weeks after the State of California …

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Apr 09

As Socialist Venezuela Collapses, its Government Demands Women Conserve Electricity by not Using Hairdryers

Socialism is a curse that should be wished on one’s enemies. All societies who embrace it will ultimately become sick and weak. Venezuela is an oil-rich country, but has been saddled with central planning and socialism for decades. Now the country is so short of electricity that its rulers are demanding that women stop using …

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