Socialism Saps the Energy From the Economy

The track record of socialism is so consistent, one wonders how it can retain such widespread interest among people who haven't suffered it. 

Democrats Want the US to Look Like Venezuela

Want to know what will happen to the US if those supporting the Green New Deal are given power? Not even 20 years ago, Venezuela produced 3 times as much oil as the state of Texas. Today Texas produces 7 times what Venezuela does. What happened? Venezuela adopted socialism. Texas adopted fracking. Democrats promise to end fracking while adopting socialism. The result of that is already known.

Prosperity and Free Market Capitalism Are Utterly Linked

The linkage between classic liberalism (free choice, free markets) is so strong, it is a wonder that significant numbers of people -- e.g. virtually all the Democrat candidates for President -- want to move the US  in the opposite direction.  Are they just that ignorant? Or do they actually prefer lower living standards (as long as they get to make the decisions)?

How Socialism Destroys -- in One Chart

In this one chart from Mark Perry we see the power of capitalism to create economic activity and power of socialism to destroy it.

The Economic Performance of Hugo Chavez

One of the persistent themes in the left's Chavez Rhapsody is how much he did to economically to benefit the people of Venezuela. The hard facts are that the people of Chile, Columbia, and Peru benefited a great deal more from having leaders who emphasized market-oriented growth policies over "Socialism or Death". All, by the way, without the tremendous oil resources that are available to Venezuela.

Real GDP Growth in Latin America