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Austrian-American economist (1881–1973)
People call communism “bad” for two linked reasons: critics argue its economic model fails to allocate resources without market signals, and historical regimes that called themselves communist produce...
Democratic socialism encompasses a range of proposals that generally retain some form of private property and markets while expanding in key sectors and instituting strong state regulation to redistri...
Communist systems repeatedly ran into economic failures rooted in centralized planning, weak incentives, and political priorities that distorted production and distribution, producing chronic shortage...
George Soros argues that “market fundamentalism” and the inherent volatility of financial markets threaten open democratic societies and that orthodox economic theory — especially belief in stable equ...