Capitalism and the Economic History of the United States
The development of all the institutional features of capitalism is well illustrated by the economic history of the United States.
Socialism: Central Planning vs The Freedom to Plan (3 of 4)
The socialist system, however, forbids this fundamental freedom to choose one’s own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production. One of the characteristic features of our...The Right to Abortion as an Application of Individual Rights
Both sides in the abortion debate invoke the principle of “rights.” Anti-abortionists claim to uphold a “right to life”; Pro-choice advocates a woman’s “right to abortion.” Neither side holds a rigorously defined theory of rights.
Capitalism and the Origin of Economic Institutions
Economic progress is the leading manifestation of yet another major institutional feature of capitalism: the harmony of the rational self-interests of all men, in which the success of each promotes the well-being of all.
Socialism: Class Warfare vs. Harmony of Interests (2 of 4)
In a capitalist society, there is continuous mobility—poor people becoming rich and the descendants of those rich people losing their wealth and becoming poor.
COVID Policy Reinforces Chinese Communist Party Tyranny
The Chinese were long used to authoritarian social controls, but popular anger exploded at the imposition of brutal totalitarian restrictions.
Harmful for Human Flourishing on Earth: The Moral Case Against ESG Investing
Using ESG investing to replace them harms both people and the environment, as there are no readily available alternatives for the 80% of the world’s energy that currently comes from oil, coal, and natural gas.
Ayn Rand, Ludwig Von Mises & Capitalism: An Interview With George Reisman
It is no exaggeration to say I have learned more about the science of economics from George Reisman than from all other economists combined.
Europe’s Energy Worries Grow
Europe’s energy shortages – exacerbated by Russia’s invasion of Ukraine – were originally caused by low wind resources, increased demand from COVID lockdowns, and cut backs of natural gas by Russia. Despite putting Europeans in energy poverty, the EU and UK are keeping to their energy transition rushing into wind and solar power, rather than using domestically produced oil, natural gas, and coal.
