Once a Communist Backwater, Georgia Discovered the Benefits of Free Markets; Now It Risks Abandoning Them

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?

Infant Industries and the Dubious Benefits of Barriers

While I was teaching at the John Locke Institute, our Summer School sponsored a debate on free trade between Daniel Hannon and Terence Kealey.  Kealey rested his case for protectionism squarely on the classic infant-industry argument.  Kealey’s version: While free trade does indeed improve efficiency at the moment, the long-run effect is to suppress economic growth in poorer countries.  Why?  Because you don’t improve at doing things that you don’t do.

1984 in 2021: We’re Doing Big Brother’s Job for Him

The political class’s openly stated desire for a Ministry of Truth to suppress “misinformation” on social media notwithstanding, there’s little evidence that it needs any such brute mechanism to let it have its way with the facts. Circa 2021, mainstream media spend most of their ink and bandwidth uncritically regurgitating, and affirming their faith in, the political establishment’s preferred narrative of the moment.

The Big Deal About Masks

What’s the big deal about masks?  In exchange for slight inconvenience and discomfort, we save lives.  Basic human selfishness explains why many would fail to comply.  Anti-authoritarian scruples might lead some to oppose government mask mandates.  But how could anyone sincerely disagree with the principle that wearing masks is a good thing?