Eric Shear

In The 1950s, massive oil reserves made Venezuela the fourth-richest country in the world. But that wealth wasn’t enough to pay for socialism’s false promise to the country.

When I was growing up in a single-parent family in 1980s Britain, my mother and I were proud of our flat.

Despite its increasing popularity, many people remain unaware of what socialism really entails, and of its inevitable economic consequences.

We shouldn't be surprised that people are turning to radical solutions like socialism, considering how many are finding modern life in America so wanting.

In politician discussions, it’s important to define terminology carefully—that can be difficult when it comes to the differences between capitalism and socialism. The broad definition of capitalism is the economic, political, and social system where the means of production (e.g., businesses, factories, farms) are privately owned. The distribution and exchange of goods are coordinated primarily through the free market. But the latter term in this pairing, “socialism,” is more complex. Socialism is a broad umbrella term for a variety of political, economic, and social philosophies—all related but differing in sometimes subtle ways. The following glossary clarifies the different varieties of socialism that come up in this discussion.

Peace and quiet. That’s all Rose Knick—heroine of our 12th and most recent victory at the U.S. Supreme Court—wanted when she purchased her homestead in Eastern Pennsylvania nearly five decades ago.

Capitalism, at its core, is about the freedom to compete.

It might seem unusual for a public interest legal organization to focus so intensely on the debate over capitalism and socialism.

There's a common refrain in the modern calls for socialism: It’s up to government to prevent markets from failing and corporations from taking advantage of us.

The market crash of 2008 was the worst financial crisis in a generation. Millions of people lost their jobs, their homes, and their livelihood.

Growing up in 1950s Hungary, Geza Karakas developed a unique pair of exceptional skills: bicycle riding and troubleshooting.

People alive today are, on average, the richest that have ever lived.