There’s a socialist wave in Latin America. Mexico, Chile, Peru, Bolivia and Brazil recently elected leftists. These politicians at least distance themselves from thugs like Hugo Chavez and Fidel Castro, but all propose socialism-lite policies giving government more control over more people. Why don’t people in Latin America learn from the mistakes of the past?
As the New York Times “revisits” its controversial 1619 Project amid growing criticism, one story has largely avoided the media’s attention: What it’s founder — “journalist” Nikole Hannah-Jones — wants to replace America with. For some background, the 1619 Project seeks to redefine American history as systemically racist, built purely on the reprehensible institution of slavery. This
“Capitalism,” the dominant economic system in the global political economy, is defined by Merriam-Webster as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.” This is an excellent