Bernie Sanders, the socialist who challenged Hillary Clinton in the Democratic primary, is dropping fat cash on a hot new lakefront pad. The income inequality expert reportedly bought a $600,000 “camp” on the Champlain Islands in Vermont last week, which he plans to use as a seasonal getaway locale. -Andrew Stiles

Socialist enterprises are not typically known for being efficient and well-run. So, it’s not exactly surprising that drama and dysfunction are consuming the openly left-wing, anti-capitalist magazine Current Affairs—and may well tear the publication apart.

  The drama started Wednesday, when former high-level employees took to Twitter with lengthy complaints claiming they had been fired for pursuing collective control of the magazine. Former Managing Editor Lyta Gold—whose Twitter profile name is now “Lyta Gold, fired for doing socialism”—wrote in a tweet that she was sacked by Current Affairs Co-Founder Nathan J. Robinson.

  “[He] effectively fired me & most of the [Current Affairs] staff because we were trying to organize into a worker’s co-op.”

-Brad Polumbo

It is a common misconception that socialism is about helping poor people. Actually, what socialism does is create poor people, and keep them poor. And that’s not by accident.

  Under capitalism, rich people become powerful. But under socialism, powerful people become rich. When you look at a socialist country like Venezuela, you find that the rulers are fabulously wealthy even as the ordinary citizenry deals with empty supermarket shelves and electricity rationing. -Glenn Reynolds