The best way to begin to understand the functioning of the price system, and thus the full nature of the dependence of the division of labor on capitalism, is by understanding the following very simple and fundamental principle. Namely, there is a tendency in a free market toward the establishment of a uniform rate of profit on capital invested in all the different branches of industry.
The gradual rise of the 4th branch of government (the administrative “deep state” bureaucracy) which is very much the most powerful branch – has reduced the American political process to mere theater as compared with the real activity of government, which rests with the permanent bureaucracy.
It is not enough that China is buying Russian oil at a discount due to western sanctions put on Russia because of its invasion of Ukraine, but now President Biden’s Department of Energy is selling China oil from the U.S. Strategic Petroleum Reserve (SPR).
Analyzing interventionism during the First World War in Germany and England.
In his zeal to protect the nonexistent entity known as “the public,” Fauci ignores the individuals who comprise the public. Individuals don’t matter to Fauci or any other would-be tyrant.
Capitalism is not only practical, but also the only moral social system—and the only one fit for morally good people.
America’s past, is replete with examples of voluntary, cooperative associations which provided for the many needs of the citizenry. One of the most striking examples is the evolution of libraries in pre-Civil War America. Even today, alternatives to tax-sup-ported libraries exist.
Important lecture by Objectivist philosopher Onkar Ghate examining the reasoning and implications of SCOTUS overturning Roe vs Wade.
Regardless of the reason or rationale, the social effect of affirmative-action policies is to politicize social relationships. And the consequences of this have been everything from systems of privilege and corruption to mob violence and civil war.
