Venezuela is “experiencing problems”, because the country has taken a “wrong turn”, Shadow Chancellor John McDonnell said on the Sunday … Continue reading “When did Venezuela take a “wrong turn”?”

Between 3 – 8 July 2017, the Institute of Economic Affairs and the Adam Smith Institute jointly held Freedom Week, … Continue reading ““But that wasn’t REAL socialism!” (Part 3: Venezuela)”

In a recent YouGov survey, 36% of respondents expressed a favourable, and 32% an unfavourable opinion of socialism. Capitalism, meanwhile, … Continue reading “Socialism: It’s always the real thing. Until it’s not.”

The Left’s enthusiasm for Venezuela has waned significantly of late. As the country is gripped by galloping inflation, massive shortages of food and … Continue reading “‘Chavismo’ is not just an economic failure – it’s a social failure too”

Eighty years ago the Austrian economist Ludwig von Mises showed how a supposedly “targeted” state intervention in a free economy … Continue reading “Mises’ “Critique of Interventionism” restaged in Venezuela”