The new mayor of New York City is praising collectivism and urging optimism for what it can do. Many freedom lovers want to give a history lesson to the mayor about the 20th century’s horror of collectivist failures around the globe. But in addition to those needed history lessons, New Yorkers are welcome to their own current rent laws and the debacle they have created for those who claim to want more affordable rent options. In the first episode of Capital Record this new year, David explains how bad policies with good intentions do the same damage that bad policies with bad intentions do, and uses a real-life policy illustration to demonstrate why collectivism has always failed.

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