Capitalism vs. Socialism

By:                Walter E. Williams Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and…

Before and After Welfare Handouts

By:                Walter E. Williams Before the massive growth of our welfare state, private charity was the sole option for an individual or family facing insurmountable financial difficulties or other challenges. How do we know that? There is no history of Americans dying on the streets because they could not find food or basic medical assistance.…

Black Political Power Means Zilch

By:       Walter E. Williams It’s often thought to be beyond question that black political power is necessary for economic power and enhanced socio-economic welfare. That’s an idea that lends itself to testing and analysis. Between 1970 and 2012, the number of black elected officials rose from fewer than 1,500 to more than 10,000. Plus, a…

Let’s Limit Spending

By: Walter E. Williams Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That’s a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what…

Dangers of Government Control

By Walter E. Williams We are a nation of 325 million people. We have a bit of control over the behavior of our 535 elected representatives in Congress, the president and the vice president. But there are seven unelected people who have life-and-death control over our economy and hence our lives — the seven governors…

Educational Rot

By: Walter E. Williams My recent columns have focused on the extremely poor educational outcomes for black students. There’s enough blame for all involved to have their fair share. That includes students who are hostile and alien to the educational process and have derelict, uninterested home environments. After all, if there is not someone in…

Fascism and Communism

By: Walter E. Williams Before the question, how about a few statistics? The 20th century was mankind’s most brutal century. Roughly 16 million people lost their lives during World War I; about 60 million died during World War II. Wars during the 20th century cost an estimated 71 million to 116 million lives. The number of war…