Good News, the World Is Getting Better

We are incessantly told about disasters, whether the latest heat wave, flood, wildfire or storm. Yet, the data overwhelmingly show that over the last century, people have become much safer from all these weather events.

Capitalism vs. Racism: Equal Pay for Equal Work

Profit-seeking employers qua profit-seeking employers are simply unconcerned with race. Their principle is: of two equally good workers, hire the one who is available for less money; of two workers available for the same money, hire the one who is the better worker. Race is simply irrelevant.

Wage Rates Under Capitalism

In a free market, within the limit of his abilities, each person chooses that job which he believes offers him the best combination of money and nonmonetary considerations. In so doing, he simultaneously acts for his own maximum well-being and for that of the consumers who buy the ultimate products his labor helps to produce.