Socialism in the East has failed, but capitalism is not the future.
It didn't happen here: why socialism failed in the United States.
You should understand that the people of Eastern Europe believe socialism has failed them.
According to Mises, socialism must fail, as demand cannot be known without prices.
The aim is to help emerging capitalism and democracy where socialism has failed.
Socialism would fail as demand cannot be known without prices, according to Mises.
Socialism has failed for the left, Reaganite liberalism for the right.
Acknowledging that socialism had failed, Mengistu proposed implementing a mixed economy.
But socialism failed, and other chimeras, like seeking new greatness in a united Europe, also waned as time went by.
The more socialism fails the more controlling it becomes.