The experiment resulted in tremendous human losses, destruction of potentially rich economies, and colossal ecological disasters. The experiment has ended, but the devastation will affect the lives and health of generations to come. The real tragedy of this experiment is that Ludwig von Mises and his followers -- among the best economic minds of this century -- had exposed the truth about socialism in 1920, yet their warnings went unheeded. – Dr. Gary North quoting Yuri Maltsev (1990)

Dominant Social Theme: Free markets can't be trusted.

Free-Market Analysis: Gary North has written an interesting article entitled "Socialism Is Dead. Let's Move On. We Won" that incorporates his usual rigorous logic. It is posted at his website and also at LewRockwell.com.