A specter continues to haunt the world, the specter of Karl Marx. Two hundred years ago, on May 5, 1818, the father of twentieth century totalitarian communism, the guidebook writer of revolutionary mass-murdering dictatorship, and the inspirer of disastrous socialist central planning was born in Trier, Germany.
The “untouchable” entitlement programs at the heart of the current debt crisis are the outgrowths of the redistributive programs introduced by or greatly expanded during the presidency of Lyndon Johnson.
But behind all of these negative and usually unintended consequences arising from the imposing of a government-enforced hourly minimum wage remains the fundamental ethical issue: who shall have the right to decide under what terms and conditions people enter into gainful employment?
The illogical trade policies of President Trump not only threaten to make Americans poorer, but could start a global trade war that could lead to decreasing standards of living for hundreds of millions of people around the globe.
The competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and cultural circumstances of multitudes of people around the world. Wherever relatively free market...
The Crisis is Not Debt Default, But Too Much Government Spending
Would it really matter if most, or even all, of federal employees who are sent home stayed home permanently?
How life is lived when a people have not been touched by the ideas of the Enlightenment and a philosophy of freedom.
Barack Obama’s paternalism or Donald Trump’s nationalism?
What a real advocate of Capitalism might say if he was offering himself for political office.
According to the critics of capitalism, competition is a cruel process feeding unnecessary wants, that evolves into anti-competitive monopolies acting contrary to the “public interest.”
Harmful monopolies are always created by government.
Those who speak about being on the “right side of history” have, knowingly or not, adopted a central element in Karl Marx’s analysis of capitalism
One of the most common phrases to be heard from those on “the left” is the assertion that someone or some public policy is or is not on “the right side of history.”
The free enterprise, or capitalist, system has done more to improve the material condition of humanity than any other economic arrangement of human cooperation in all of recorded history.
“Capitalism is an economic system based on the principle of every individual’s right to his own life, his own liberty and his own honestly acquired property. This private property includes his own mind and body, and the physical products that his mental and physical efforts have produced.”
Historically “liberalism” originally meant, and continues to mean for some, individual freedom, private property, free enterprise and impartial rule of law under constitutionally limited government.
Governments and ideological movements, Rougier explained, wrap themselves in “mystiques” that serve as the rationales for claims to an ethical and legal right to rule.
The change from social attitudes and political systems of collectivism to that of ones more “individualistic” began in “the West,” in Europe and then North America.
The program for a socialist America shows the intellectual bankruptcy of those on “the left.”
The phantom of “inflation targeting.”
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