Episode 350 has Skyler giving his commentary on the following topics: how civil liberties or civil rights are conceived by the masses; the importance of pulling yourself up by your bootstraps in making your life meaningful; why labor unions may bargain collectively but may not engage in coercion; and why capitalistic greed has nothing to do with people who suffer and die for lack of the goods and services they need to survive; and more.
Healthcare would be cheaper, better, and more accessible if government got its nose out of the matter entirely — but failing that, three of these four orders make good sense. They’re also a great litmus test. They tell us who really supports freer markets in healthcare and who just pays lip service to the notion while advocating crony capitalism in service to Big Pharma.
Episode 335 has Skyler giving his commentary on the following entries to r/shitstatistssay: CNBC writes, “Full-time minimum wage workers cannot afford a two-bedroom rental anywhere in the U.S. and cannot afford a one-bedroom rental in 95% of U.S. counties.”; GoAheadAndH8Me writes, “Free consent cannot be given in a society that lacks a UBI providing a comfortable life as the worst possible outcome.”; the Hampton Institute writes, “If capitalism were suddenly outlawed & we all began working for each other (instead of for a handful of rich people), we’d have 10-hour workweeks, no poverty, no war, no crime, more time with our families & communities, creative/productive outlets, and sustainable/healthy living.”; and Talos-Valcoran writes, “The government takes a part of the money it gave to the companies, who gave it to you, back so that it can improve your life. Without taxes the whole government wouldn’t work.”
I laughed when I saw The Washington Post headline: “Minneapolis had progressive policies, but its economy still left black families behind.” The media are so clueless. Instead of “but,” the headline should have said, “therefore,” or “so, obviously.” Of course, progressive policies failed! They almost always do.
As most economists and political scientists agree, capitalism is “the private ownership of the means of production” and socialism is “the public/state ownership of the means of production.”
It’s vogue these days to claim that capitalism is responsible for the suffering and deaths of more lives than has been communism or socialism.
The dominant narrative that billionaires are greedy and big companies like Amazon are monopolistic, exploitative tyrants is not only misguided but deeply troubling for the future of prosperity and human progress.
This episode features an interview of economics professor Edward Stringham from 2015 by Jeff Diest, host of the Human Action podcast (formerly Mises Weekends). Edward is the author of a book called Private Governance: Creating Order in Economic and Social Life, where he looks back at the history of private legal systems, and in so doing demolishes the idea that only the state can manage and adjudicate human conflicts. Today, Edward gives some concrete, real-world examples of how private governance operates in our statist world. If you’re interested in Rothbardian and Hoppean anarcho-capitalism, you’ll find Edward’s book a great addition to your library, and you’ll enjoy hearing this interview.
It was a pleasure debating Brian Leiter last week. The resolution, to repeat: “Social democracy is preferable to market capitalism, but ultimately America will need to move towards a socialist system.” Here are some thoughts I failed to fully articulate at the live event. As always, I’m happy to publish any reply my opponent wishes to compose.
All First World countries are already social democracies. Their governments continue to allow markets to provide most goods and services, but they heavily regulate these markets, heavily subsidize favored sectors like education and health, and heavily redistribute income. The U.S. is moderately less social democratic than France or Sweden, but the idea that we have “market capitalism” while they have “social democracy” is hyperbole.