Posts Tagged socialism

Economics is childs’ play


10 children are invited to a birthday party. As they arrive, they are each given 3 golden tokens. The host explains that they will play various games with great prizes using these tokens. In the first game the prize is a brand new bicycle, which the host says he will give to whichever child offers […]

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Socialism vs Capitalism


I recently asked a friend if he could think of 5 reasons why socialism was better than capitalism. He replied as follows: Socialism is by far the world’s most successful idea. [Socialist] governments everywhere out-perform all other organisations (churches, clubs, co-ops, companies, partnership, owner-enterprises, traditional communities etc) by a massive margin judged according to all […]

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