Article Share: Socialism Has Failed. Period., David R. Henderson, Hoover Institution
ARTICLE EXCERPT:
Two free-market economists, Robert Lawson of Southern Methodist University and Benjamin Powell of Texas Tech University, have pulled off a marvelous stunt. Their just-published book, Socialism Sucks, is a humorous travelogue about their experiences in various socialist and allegedly socialist countries in the last few years. The book, subtitled “Two Economists Drink Their Way Through the Unfree World,” is the best in this genre since fellow drinker P.J. O’Rourke’s 1998 book, Eat the Rich. The humor is not quite as good as O’Rourke’s—how could it be?—but the economic insights are better. (Disclosure: I informally mentored Powell when he was an assistant professor 15 years ago.)
