Socialism is, whether we like it or not, in the national dialogue. And there are numerous people who claim to be socialists who, nevertheless, have a hard time defining what socialism actually is. Socialism, in its purest form, indeed, has never been tried. But, by the same token, neither has undiluted capitalism. To understand which works better, we have to think about means and ends. Almost all of us want the same ends, but we disagree sharply as to the appropriate means. So how do we find the most efficient, humane means? Join Antony Davies and James Harrigan as they talk about this and more on this week’s episode of Words and Numbers.
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Quick hits
Sweden could launch its own cryptocurrency
People believe that companies make five times more profit than they actually do
The general public thinks the average company makes a 36% profit margin, which is about 5X too… www.aei.org
State Gasoline Tax Rates in 2017 - Tax Foundation taxfoundation.org
These Are The Fortune 500's 10 Most Profitable Companies fortune.com
Foolishness of the Week
Topic of the Week: Socialism
US News: Celebrate American Women's Economic Freedom
Wall Street Journal: For Gender Equality, You Can't Beat Capitalism
US News: We Need to Find the Right Mix of Government and Markets
Antony Davies: Equality, Liberty, Prosperity
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Antony Davies
Antony Davies is associate professor of economics at Duquesne University and Chief Academic Officer at FreedomTrust.
He is a member of the FEE Faculty Network.
This article was originally published on FEE.org. Read the original article.
