Publication Date: December 1989
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Julian L. Simon; Stephen Moore
Research Area: Government
Keywords: Trade and foreign aid
The superior performance since World War II of free-market countries compared to socialist nations has, after four decades experience, become too pronounced for defenders of socialism to ignore or explain away as due to “bad weather.” The markedly higher living standard today in West Germany than in East Germany, South Korea than in North Korea, and Taiwan than in China has exposed the failures of socialism for all to see.