Archive for the Socialism Category

From Venezuela to East Berlin, people will always choose capitalism over socialism

On August 29, 2018   /   Blog, Capitalism, General, Paul Ormerod, Socialism   /   Leave a comment
From Venezuela to East Berlin, people will always choose capitalism over socialism

How many people across the world in the history of humanity have fled from a capitalist country to a socialist one? There was much amusement at the height of the long miners’ strike of 1984/85. A National Union of Mineworkers official from Yorkshire, a crony of Marxist

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From Korea to Germany, experiments with socialism show markets always win

On October 4, 2017   /   Blog, Paul Ormerod, RCT, Socialism   /   Leave a comment
From Korea to Germany, experiments with socialism show markets always win

A red-hot topic in economics is randomised controlled trials (RCT). Esther Duflo, the MIT academic who has really driven this idea, has surely put herself in pole position for a Nobel Prize at some point. The idea of RCTs has been imported from medicine. One group of

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