Georgia (the ex-Soviet Republic, not the U.S. state) is now a remarkable success story. Its economy is growing at 5 percent per year, and the country ranks ahead of the United States in economic freedom. Yet, 20 years ago, Georgia was even more miserably poor than the rest of the former Soviet Union. So, what can America and the rest of the world learn from Georgia’s progress?
Big tech platforms should encourage debate, not forbid it.
Are they still protesting in Cuba? I don’t know. The Cuban government has shut off the Cuban people’s internet.
Politicians just don’t learn. People die as police fight drug dealers. Marijuana dealers form gangs and fight among themselves. It’s so stupid. Especially because marijuana is relatively harmless. Finally, some states legalized it, hoping to put an end to the black market. But legalization hasn’t ended the violence.
At a congressional hearing on “Birthing While Black,” nearly every politician used the words “birthing people” instead of “women” or “mothers.” Asked why, Shalanda Young, President Joe Biden’s budget director, said, “Our language needs to be more inclusive.”
From SpaceX and Tesla to Uber and Lyft, many of the most successful companies thrived without the government’s stamp of approval.
Politicians say they pass laws to “protect Americans from big business.” People like hearing that. Many don’t like big business. Unfortunately, most people don’t realize that those laws often help big business while hurting consumers.
No capitalist gets our money unless we voluntarily choose to exchange it for whatever he’s selling. As Mitchell puts it, “Capitalism is the only system that gives people the liberty to make their own choices.”
Free markets increase total wealth. Competition encourages entrepreneurs to find new ways to release more value from both people and resources. Because capitalism is voluntary and consumers have choices, the only way capitalists can get rich is to offer us something that we believe is better than we had before. That creates new wealth.
The government’s coronavirus-related unemployment benefits are encouraging some to stay unemployed.