Five years after the Bolshevik Revolution, Austrian economist Ludwig von Mises predicted that the Soviet project was doomed to fail. In his classic work Socialism, Mises explained that the attempt to replace the market system with central economic planning could not succeed, because the planners could not possibly have the information necessary to make all the decisions which, in a market economy, are made by individuals whose needs and desires are reflected in prices: "The problem of economic calculation is the fundamental problem of Socialism."
Copenhagen was just the latest anti-capitalist thrust from liberal intellectuals.
But that's of no interest to President Obama.
It was the spirit of human liberty.
For all its recent material success China can't come to grips with the ineptness of its governance.
A former colleague recalls the Bulgarian ex-Communist recently named, with Obama administration backing, to head this key UN agency.
When it came to the Soviet Union, the journalist I.F. Stone wasn't so independent.
Cuba at 50 -- the only shortage is in the number of Fidel Castros.
The scarlet thread connecting Obama, ACORN, the Democrats, and your money.