PA

Mass industrialization under central planning In his memoirs published after the fall of the Bulgarian Communist Party regime, Todor Zhivkov wrote that his government returned the gold reserve back to Bulgaria. This is perhaps one of the most notorious lies of the communist dictator. Contrary to Zhivkov's claims, in the 1960s …

Industrialization is one of the visible dimensions of the economic and social modernization experienced by developed capitalist societies in the 19th century. The process of the emergence of industrial structures is a complex result of relative spiritual, economic and scientific freedom, security of private property and appropriate institutional structure. Communists put industrialization among their main economic …

The economic bankruptcy of socialism has long been convincingly proven by Ludwig von Mises and Friedrich Hayek. In the absence of private ownership of the means of production, there is no market, and without a market, money prices cannot be formed. Without prices, rational production, construction, etc. cannot be organized. Separately …

Bulgarian socialism is like any other socialism – a well-intentioned, but clumsy and often bloody socio-economic experiment. At the national level, the common characteristics manifest themselves in a specific way. This is how the sweet native picture of the Bulgarian socialist past is born. In several consecutive publications we will focus on the Bulgarian manifestations of typical …