Image Source Their are two schools of thought when it comes to allowing economic growth. On one hand you have coercion, where the government tells you what to do and you must follow. On the other hand

This past week, we listened to a lecture about the effects of socialism. This was a very interesting concept because the speaker drank alcoholic beverages in countries that are socialist. I think this

Image Source In this weeks Free Enterprise Society video, economist Benjamin Powell discusses his book, “Socialism Sucks: Two Economists Drink Their Way Through the Unfree World.” In the lecture, Powell

todayifoundout.com When starting this course, I didn't really have a true idea about what socialism is and what it means for a country. But after listening to this lecture I feel I have a fair understanding

Image Source In his presentation about the book he coauthored, Socialism Sucks: Two Economists Drink Their Way Through the Unfree World, Benjamin Powell made the interesting point that entrepreneurship

A reflection of socialism and capitalism as it appears in reality.

The beginning of the talk really resonated with me when Dr. Ben Powell said that there is a trend of college students believing that socialism is the best way to run our country as opposed to capitalism.

Image Source Based on the presentation given to us this week about the book Socialism Sucks: Two Economists Drink Their Way Through the Unfree World, I believe that the shortcomings of socialism caused

The idea of Socialism has begun to gain popularity in Americans below the age of 35. Bernie Sanders has basically led this movement towards socialism. Sanders calls himself a “democratic socialist.” The

In a lecture given over the book Socialism Sucks: Two Economists Drink Their Way Through the Unfree World, the author discusses socialism and how people define socialism. Some people discuss how they think

Professor Benjamin Powell came to speak the Free Enterprise Society at Oklahoma State over his book “Socialism Sucks: Two Economists Drink Their Way Through the Unfree World. ” Throughout his speech he

400-600 In his lecture this week for the Oklahoma State University Free Enterprise Society, Benjamin Powell talks about the book he co-wrote with Robert Lawson. 'Socialism Sucks: Two Economists Drink Their

Is socialism too constrained? or is capitalism too weighted?

Answer to the main discussion question about socialism.

Image Source Economic value relating to means of production can be vastly different depending on the source of its creation. Within socialism, the means of production are controlled by the state and its

This post is in response to the question put forth by @moneybagley . "With countries and economies becoming successful using socialism, what parts of American culture keep the country capitalist?"

This post is a response to the question "What aspects of the Venezuelan crash could have been fixed or corrected with capitalist fundamental ideals?" posed by @karsonyounger The fall of Venezuela

The question of who "benefits" in a socialist economy is kind of a hard one for me to wrap by brain around. Who really does benefit? After some thought, my immediate reaction is to say that no

@generalfritz14 asked, "Venezuela went from “Democratic Socialism” to “Starving Socialism”. What political events/policies went into place to lead to this collapse? Who or what is to blame?"

Socialism is often viewed in the extreme, but what can happen when capitalism goes too far...