Now that we correctly understand Hsieh-Moretti’s results, let’s put them in context.
The point is that when advertisers acquire information about potential customers and narrow the pool, they benefit others besides themselves. We need not start off suspicious of such a practice. One thing markets do best is produce information, and generally speaking, access to consumer information is a good… What’s the bigger threat: a company that buys information we’ve given up in order to sell us things, or the state, which ultimately seeks to control us?
People who dislike markets harbor a special animosity toward advertising as cynically controlling. This is not new.
This episode features a talk by Rabbi Daniel Lapin from 2009. He explores the ethics of free markets and economic freedom.
In 1943, as collectivist policies were ascendant, an extraordinary thing happened. Three women published three books that year that would jolt Americans from their socialist stupor and remind them of the fundamental American values of individual liberty, limited government, free-market capitalism, and entrepreneurship. This Women’s History Month is an ideal time to reflect on how Rose Wilder Lane, Isabel Paterson, and Ayn Rand helped to catalyze the 20th century libertarian movement.
What is wrong with the welfare state? The two biggest flaws stem from its nature as a government institution.
This episode features a lecture by journalist and television personality John Stossel from 2016. Stossel looks at reasons to favor freedom and free markets over government control and coercion.
In a reflective moment, George Orwell wrote, “Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism, as I understand it.” Yet if you actually read his oeuvre, you’ll find a striking disparity: Orwell’s anti-totalitarian writing is massive, but his pro-socialist writing is wafer thin.
Today’s environmental activists are so hostile to capitalism that they end up killing animals they want to protect. Like the African rhinoceros.
Last week, I reported on two myths about socialism. My new video covers three more.