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communism

How did the first bankruptcy of the People's Republic of Bulgaria occur?

bankruptcy of the People's Republic of Bulgaria

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 …

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Communists - the smart ones of stupid people

The spread of communism cannot be protected by the right to free expression. Recently, questions have been increasingly raised on domestic social networks as to whether the “innocent” victims of the totalitarian right-wing regimes in Bulgaria and around the world, who used repressive methods to save their countries from the USSR-funded …

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What is worth knowing about Bulgarian socialism III: Industry

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 …

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What is worth knowing about Bulgarian socialism II: The economy

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 …

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What is worth knowing about Bulgarian socialism I: The Terror

Bulgarian socialism

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 …

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Prague Summer: The Invasion of Czechoslovakia with Some Historical Details

The Prague Spring

“We occupied you Czechs because we love you.” Explanation of what happened by a Russian officer, given on August 24, 1968 to Milan Kundera During this week in 1968, another desire for freedom and humanity in the socialist camp was trampled. It did not start with the economy, but with culture, music, everyday life …

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Ep. 12: Bulgaria and the Eurozone, 200 years since the birth of Marx

01:15 - Bulgaria's entry into the Eurozone 26:37 - 200 years since the birth of Karl Marx 46:30 - The State vs. Market Social Assistance 60:33 - Questions from Patreon Donors Links: The Secret Weakness of the Euro The Right-Wing and Conservative Position is Bulgaria Outside the Eurozone Desislava Nikolova from IME Against the Recent Entry …

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The all-too-quickly forgotten victims of communism around the world

apologists for communism

Doug Bandow, Cato Institute, USA One of America's most significant actors and singers is Paul Robison, born a century ago. An impressive talent who fought against widespread racism, Robison seems to deserve the celebration of his centennial this month. Unfortunately, however, he also has a different, …

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Today's anti-capitalists ignore the fundamental problems of socialism

Jonathan Newman, Mises Institute A great wave of anti-market and pro-socialist opinions has flooded the media in recent years. In most cases, these anti-markets make no distinction between state-sponsored organizations like the IMF and real markets. But that doesn’t matter, because the articles are often populist and vaguely worded – …

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