Economic Systems

Socialists like New York City’s new mayor push the “warmth” of collectivism. Activists chant about “sharing the prosperity.” But every time they build their model of a socialist utopia, a commune, they fail! ——— To make sure you receive the weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe-form ——— Socialist commune New Harmony, Indiana collapsed. It was recently revitalized by a nepo baby’s oil money. “There’s not enough” said the bookkeeper for The Farm, a commune formed in the ‘70s. It too only survived because they abandoned socialism and allowed residents to own things. The Oneida community was a free-love socialist commune saved by selling expensive silverware. The Amana Colonies were on the brink of failure, until they reformed into a company, selling appliances. Communes abolish private property, promise equity, and then collapse. I wish my new mayor understood that. “Sharing” sounds nice, but it encourages some people to not try very hard. Yet someone has to pay the bills. In this video: socialist communes that faced failure, and were saved by capitalism.

The toxic allure of the statist vision. Socialism, collectivism, property, coercion.

How can underdeveloped nations make capital accumulation safe?

I’m from Argentina, and when I hear New York’s new mayor speak about “democratic socialism” as a path to “social justice,” I feel like someone who has already

With the election of self-proclaimed democratic socialist Zohran Mamdani, has a new era of socialism begun in the United States? What is democratic socialis ...

Larry Reed revisits “I, Pencil” with reflections on the global market.

The Guaranty Survey

Many people argue that democracy is incompatible with capitalism but they differ on whether democracy will kill capitalism or whether capitalism will kill

The only viable option for a thriving economy, the late George Mason University economist Don Lavoie explained, is to enable individual economic planning rather than centralized planning.

Can you imagine having to drive for 12 hours just to make a phone call? Or being on a 20-year waitlist to be able to buy a landline? That was the reality of

“One can’t expect to make an omelet without breaking eggs.” With those words in 1790, Maximilian Robespierre welcomed the horrific French Revolution that had begun the year before. Robespierre and his guillotine broke eggs by the thousands in a vain effort to impose a utopian society based on the seductive slogan “liberté, égalité, fraternité.” But, alas, Robespierre never made a single omelet. Nor did any of the other thugs who held power in the decade after 1789. They left France in moral, political, and economic ruin, and ripe for the dictatorship of Napoleon Bonaparte. As with Robespierre, no omelets came from the egg-breaking efforts of Lenin, Mao, Pol Pot, Adolf Hitler, and Benito Mussolini, either.

Alexander Hamilton, the first treasurer of the United States, knew there was a better way for countries to become prosperous than by conquering others. What…

New York City mayoral candidate Zohran Mamdani has caught national attention, both positively and negatively. Some find his democratic socialist ideas refre ...

Majorities in 20 of 25 countries surveyed say their political system needs major changes or complete reform, but many lack confidence this can happen effectively.

Fifty-four percent of Americans, down from 60% in 2021, have a positive opinion of capitalism, while a steady 39% view socialism positively.

Vietnam, a nation that still languishes under the thumb of a government with an avowed communist ideology, intends to become Asia’s next “tiger economy.”

Talk of a potential U.S. share in the chip maker comes after Trump called on the CEO of Intel to resign earlier this month over his China ties

President Trump is imitating the Chinese Communist Party by extending political control ever deeper into the economy.

by Roberto Salinas-León

The people of NYC have spoken... and they want socialism. Zohran Mamdani has taken the city by storm, and the self-proclaimed "hot girls" are falling in line...

Zohran Mamdani has moved forward in the New York City mayoral race as the Democratic nominee, after beating out former New York Democrat Governor Andrew Cuomo

The UAE and the US are expected to see the biggest influxes of wealthy individuals in 2025, as thousands of millionaires flee the UK....

VIDEO DESCRIPTION Socialism is popular! Influencers rack up millions of views claiming socialism works better than capitalism. Are they right? AVAILABLE RES ...

Across college campuses, on TikTok feeds, and in everyday conversations, a familiar narrative is gaining steam: capitalism is broken.

In this graphic, we breakdown the billion dollar company landscape in 2025, covering 5,522 firms worldwide.

The Trump administration’s tariffs and the damage they could cause to people’s livelihoods globally are a rude reminder that free markets matter. But we live

Dorothy Day believed in radical generosity, but what if free markets do more to lift people out of poverty? Learn how capitalism quietly gets the job done

A professor at Lycoming College actually believes we should take a page from Karl Marx. Don’t wait for his fellow academics will call him out.

Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.