The Best Cases of Actually Existing Socialism
By Ryan H. Murphy
This article appeared in the Fall 2018 issue of The Independent Review.
From 1985 to 2015, China, Hungary, and Israel outperformed other cases of actually existing socialism in terms of real GDP per capita, income and wealth equality, education, infant mortality rates, and life expectancy. Not only did those three countries liberalize their economies over that period, but each moved closer toward the U.S. model of liberal market institutions than toward the Scandinavian welfare-state model.
AsiaDemocracyEconomic PolicyEconomyEuropeInternational Economics and DevelopmentPhilosophy and ReligionSocialism, Communism, and Collectivism
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