Communist Economics in One Page

A Refresher Course

The nationalization of everything held back history, impoverished workers, and built an oppressive state

In recent years, I have given a number of presentations to high-school and college students on the importance of economic freedom and the persistent threat of socialism – as witnessed, for example, by the recent economic meltdown in Venezuela.

One problem that I have encountered is that young people today do not have a personal memory of the Cold War, let alone an understanding of social and economic arrangements in the Soviet bloc, which, I suspect are either downplayed or ignored in American school curricula.

As a result, I have written a basic guide to socialist economics, drawing on my personal experience growing up under communism. I hope that this – somewhat longer piece – will be read by the millennials, who are so often drawn to failed ideas of yore.

Communist Stopped Progress

As a boy growing up in communist Czechoslovakia, I would, for many years, walk by a building site that was to become a…weiterlesen


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