British companies can even outperform those outside of the EU—if the British government does not compromise on the principle of liberty. That is the big ‘if.’ But the Brexit has opened up a huge opportunity for a freer, more prosperous Britain.
Will the United Kingdom come out of this departure, in the long run, politically and economically stronger or weaker? That depends upon what the citizens of the United Kingdom do with their reestablished democratic self-determination.
There are just two fundamental requirements of innovation—neither of which requires taxation: reason and freedom.
The egalitarian ideal of minimizing inequality of income and wealth, the nanny state is unjust because it penalizes those who are productive and entrepreneurial to reward those who are not.
The incoming Liberal government’s statist ideology, reflected in its plans, has implications for our flourishing.
The George Orwell allegory about how noble-sounding revolutions can turn into tyranny resonated with Yeonmi.
As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary system that it does not control and the failure of domestic politicians to confront their own insolvency.
Altruism is to blame for Greece’s woes.
Despite Greece’s almost complete lack of financial integrity, neither NATO nor the EU can afford the political cost of a Greek exit from the EU.
At a time when other Third World countries were setting up government-controlled economies and blaming their poverty on “exploitation” by more advanced industrial nations, Lee Kuan Yew promoted a market economy, welcomed foreign investments, and made Singapore’s children learn English, to maximize the benefits from Singapore’s position as a major port for international commerce.
Once Iran has a nuclear weapon, it’s reasonable to assume that they might use it, on day one, a threat we never necessarily faced with the Soviets. The people of Israel have no choice but to pay attention to this fact.
The real war in the Middle East is not military; it’s ideological.
The real issue is whether Greece’s decades-long experiment with failed debt-financed socialism will be allowed to survive much longer.
Once again the crisis in Greece is threatening the unity of the entire euro zone.