Economic Systems

VIDEO DESCRIPTION In Florida, reporter Gloria Alverez talked to Venezuelan immigrants, and most of them told her socialism doesn’t work. Stossel warns that if we don’t realize that socialism is to blame for Venezuela’s destruction, “other tragedies like Venezuela will happen again and again.” Do ...

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News reports, articles, and websites tell us of the waning belief in capitalism. What do you think about capitalism? Is capitalism evil? Or has it lifted billions of people out of poverty? This segment looks at capitalism.

Below is a very good report from 60 Minutes Australia that gives you an update on China’s ghost cities. Roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor…

Michael Munger found it useful to summarize the argument for capitalism briefly, and in some ways superficially.