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The Free Market Foundation (FMF) is heartened by recent press reports of the Venezuelan government relaxing its controls over the economy. This comes after the government of Zimbabwe also in recent years signaled its intention to open up for business …
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The almost simultaneous implosion of socialist and communist systems throughout the world is arguably the single most significant political event of the twentieth century. The year 1989 is particularly poignant because in that year the Berlin Wall was dismantled. This …
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Equating capitalism with colonialism, Africa’s nationalist leaders rejected it and adopted socialism in the 1960s. Foreign companies were nationalized, a string of state-owned enterprises was established and a plethora of state controls on rent, prices, imports, and foreign exchange were …
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Robert Colvile’s excellent article on Prince Charles’s misunderstanding of the causes of African poverty provides a good opportunity to take a closer look at Africa’s economic history.
African poverty was not caused by colonialism, capitalism or free trade. As I …
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It is important going into this article to specify how the success mentioned in the title is measured. Success is typically seen as a fulfillment of a function, but if Socialism as a system is measured in this way, then …
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