Tag: change

The Pendulum of American Extremes

Chris Baker

The American Political sport is a unique beast. Something wholly original on the world stage. No, I’m not talking about “The American Experiment” in constitutional republics. That experiment has failed to produce lasting results, although it was a worthy try. No, what I mean is that unlike the rest of the western world, American politics grows more and more extreme at an increasing rate – a rate that should be alarming to most rational and peaceful people.

Dedication and Leadership

Papa Libertarian

How did communists manage, starting with so few people, to accomplish so much? This is a question which libertarians might well ask, and a question which former communist Douglas Hyde endeavored to explain in a series of lectures, which have been gathered into the slim book Dedication and Leadership.

Why Black Market Entrepreneurs Matter to the World Economy

Editor's Pick

In his book, “Stealth of Nations: The Global Rise of the Informal Economy,” Neuwirth points out that small, illegal, off-the-books businesses collectively account for trillions of dollars in commerce and employ fully half the world’s workers. Further, he says, these enterprises are critical sources of entrepreneurialism, innovation, and self-reliance. And the globe’s gray and black markets have grown during the international recession, adding jobs, increasing sales, and improving the lives of hundreds of millions. It’s time, Neuwirth says, for the developed world to wake up to what those who are working in the shadows of globalization have to offer.

The Diabolical Genius That is Modern Government

Editor's Pick

You’ll recall that this series began by pointing out how worthless most “theories of government” really are. They’re not theories at all. They don’t explain anything. Instead, they are just wishful thinking…flattery…and apologia for the elite who use government for their own ends. The “social contract,” for example, is a fraud. You can’t have a contract unless you have two willing and able parties. They must come together in a meeting of the minds — a real agreement about what they are going to do together.

The Violence And Justice Monopoly

Editor's Pick

Almost all of us hold two beliefs which contradict a third near-universal belief. The first is that a state, however else defined, is a geographic monopoly of security and justice. One cannot appeal a ruling beyond the state, and whatever private providers of security and justice may exist, they do so in pronounced subservience to and supervision by the state. The second is that monopolies invariably cause high prices and low quality.

Inequality and Risk

Editor's Pick

I don’t think many people realize there is a connection between economic inequality and risk. I didn’t fully grasp it till recently. I’d known for years of course that if one didn’t score in a startup, the other alternative was to get a cozy, tenured research job. But I didn’t understand the equation governing my behavior. Likewise, it’s obvious empirically that a country that doesn’t let people get rich is headed for disaster, whether it’s Diocletian’s Rome or Harold Wilson’s Britain. But I did not till recently understand the role risk played.