Magazine June 03, 2019, Issue

Of Socialism and Human Nature

Budapest after the suppression of the 1956 anti-Communist uprising (Jack Esten/Getty Images)
Why the ideology fails — and succeeds

One of Margaret Thatcher’s more quoted sayings is “The facts of life are conservative.” It’s a remark that covers a great deal of ground, since it applies to entire societies as well as to individuals. In conventional politics it applies most obviously to economic policy. There the facts of life teach that you can’t spend more than you earn, at least in the long run, and that if you borrow to finance an investment that pays less than the interest on your loan, you’ll end up eventually in Carey Street (where the bankruptcy court is located). In work and personal

In This Issue

Against Socialism

Books, Arts & Manners

Sections

The Week

The Week

Don’t tear up your tickets just yet: We hear the Kentucky Derby loser is appealing to the Ninth Circuit.
Athwart

Going Postal

Bernie Sanders tweeted a hot new idea: ‘Did you know that from 1911-1967, Americans could bank at their local post office?’

Recommended

The Latest