Ray Rice’s NFL Reinstatement Should Surprise Nobody

Earlier today, arbitrator Barbara S. Jones ruled that the NFL acted arbitrary and capriciously by suspending Ray Rice twice for the same off-the-field misconduct.  Jones ordered Rice immediately reinstated into the league. The former U.S. federal judge’s decision to reinstate Rice should have surprised absolutely nobody.  Rice’s indefinite suspension had been fraught with legal […]

What Can Hong Kong And Cuba Teach Us About Economic Policy?

Submitted by Daniel Mitchell,

Early this year, I shared an amusing but accurate image that showed an important difference between capitalism and socialism.

And in 2012, I posted a comparison of Detroit and Hiroshima to illustrate the damage of big government.

Well, if you combine those concepts, you get this very pointed look at the evolution of Cuban socialism and Hong Kong capitalism.

Some might dismiss these photos as being unrepresentative, and it’s reasonable to be skeptical. After all, I’m sure it would be easy to put together a series of photos that make it seem as if the United States is suffering from decay while France is enjoying a boom.

So let’s go to the data. In previous posts, I’ve shared comparisons of long-run economic performance in market-oriented nations and statist countries. Examples include Chile vs. Argentina vs. Venezuela,