The collectivism virus need not destroy us, if we immunize ourselves with the philosophy of liberty and market liberalism. What we need is herd immunity, but that requires as many of us as possible to spread the ideas of freedom to as many of our fellow citizens as is possible.
Marx’s critique of capitalism and capitalist society has shaped much of the social thinking in Western countries that led to the welfare state and extensive government intervention into economic affairs.
In implementing these types of dictates and commands, with the implied attitude that government officials have no restraints on their controls and decrees other than the ones they decide to impose on themselves, American politicians are no different than their implicit mentors in Beijing, China.
The press conference President Donald Trump should hold now
Fundamental to everything that governments have been doing is the presumption that the crisis can only be handled and solved through a comprehensive system of political command and control.
Leave people free to make their own choices and allow the free market to work its miracle of fulfilling the urgent demands of the moment to save lives, supply very needed goods and services, and find profitable ways of keeping those goods flowing and jobs existing to maintain as best as possible our standards of living.
Economic nationalists seem to be applying Rahm Emanuel’s now famous phrase of ‘never letting a serious crisis go to waste’ in the service of a political agenda that might be harder to push in calmer times.
The decades-old “social liberalism” of the progressives has finally “come out of the closet” to, now, boastfully declare what it has always been – a form of socialism but made milder in sound with the modifier “democratic” in front of it.
These insights into the nature of the market process are part of Israel Kirzner’s lasting legacy to our understanding of the workings of the economic order.
A new spirit of intellectual intolerance has emerged and congealed in American academia. Their proponents are the new totalitarians who brook neither dissent, debate, nor disagreement.
How much of a private business’s profits have been made and earned through making that “better mousetrap” and how much is due to corruption and influence in the political arena. It all seems mixed together in the “mixed” economy.
Seventy-five years have now passed since that fateful meeting at Yalta. Stalin, who helped Hitler start the Second World War, reaped his reward at the end of it: Soviet domination of Eastern Europe, at the cost of terror and tyranny for all the people who were forced to live in the “socialist paradise” for almost half a century following the end of the war in 1945.
One of the most heated and controversial issues today concerns the place of slavery in the history of the United States, and attitudes toward the institution of human bondage in the Western world in general.
Joseph A. Schumpeter is identified with two related ideas, the notion of the innovative entrepreneur and the imagery of the competitive market as a process of creative destruction.
What is Trump being accused of that could not be equally made about virtually every president of the United States since, at least, Franklin Delano Roosevelt?
What progressives, nationalists, populists, and conservatives share in common.
The fact is, there is far more in the world that successfully manages and “regulates” itself without the controlling hand of the government than many of us pause to reflect on or understand.
The human condition has been and can continue to be radically and amazingly improved, if only personal freedom and free markets are allowed to work their wonders on our global community of free trade and networks of voluntary association.
If you approach Austrians economics from a Marxian-style dialectic, as Janek Wasserman does, then you will miss the entire point of the school of thought and its contribution to the science of economics.
The ethics of private enterprise and the morality of the market require both a preaching and a practicing of a respect for others’ individual rights to their property and to the rule of voluntary agreement in all transactions, even when market outcomes are not always favorable to oneself.
A Socialist “Green New Deal” Will Destroy It
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