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Economics

A future with Corona

Freedom can only be preserved if it is defended not merely for reasons of recognisable usefulness but as a fundamental principle. (Friedrich A. von Hayek)

How Socialism Destroyed Africa

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 imposed to capture the commanding heights of the economy.

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