Munger’s criticism in this issue of The Independent Review gives the author an opportunity to clarify why cases of “actually existing socialism” can be identified with help from the Economic Freedom of the World Index and the State Economic Modernity Index. The first index focuses on a necessary condition of socialism (low economic freedom), whereas the second index helps in excluding non-socialist states with low economic freedom.

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Other Independent Review articles by Ryan H. Murphy
    Fall 2018   The Best Cases of “Actually Existing Socialism”
    Fall 2017   The Diseconomies of Do-It-Yourself
    Winter 2015   The Unconstrained Vision of Nassim Taleb