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The Freedom Report

News & Politics

Is Venezuela "Real" Socialism?

2017-05-15

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Free market economists Steve Horwitz writes at FEE about the dangers of central planning. Horwitz describes how intellectuals deny that real socialism has ever been tried in spite of the glaring examples of the failures of economies such as Venezuela, Cuba, and the Soviet Union. And what of the Scandinavian countries? Well, if you thought those were examples of real socialism, then you're going to be sorely disappointed. Austin Petersen breaks down the news.