In the early 20th century, the progressive definition of the common good was thoroughly infused with scientific racism.
Tag: markets
Why Markets Produce “a Race to the Top”
Many Americans trust the market to some extent but worry that capitalism will create a race to the bottom without government intervention. In their mind, companies will cut corners and outsource labor in the pursuit of profit, creating shoddier and shoddier products. The true free market, however, creates exactly the opposite: a race to the top. And the SEO industry, one of the few completely non-regulated industries in the US, proves it. As a professional SEO, I’ve seen first-hand how it continues to evolve in prosocial ways without government intervention.
Entrepreneurship in Cuba
Will entrepreneurship flourish in Cuba, and will it bring the same increases in the quality of life as elsewhere in the world? I am cautiously optimistic.
Taxation Isn’t Only Theft, It’s Destruction
Where the state is, there also is the growth of the state. Why does a state’s scope enlarge? One theory is that interest groups seek to use the state’s taxing power for their own benefit. I would like to suggest a complementary theory. When the power to tax is conferred upon rulers, many harmful incentives necessarily are conveyed with it. These encourage the rulers to expand their destructive acts.
David Hume on Self-Coordinating and Correcting Market Processes
David Hume emphasized that commerce and trade were among the most important avenues to offer opportunities to raise people’s standards of living, and to bring refinement and cultural betterment to a growing portion of a nation’s population.
How Government Regulation Makes Us Poorer
Oftentimes people, including so-called experts, compare apples and oranges by looking at data “before” and “after” an event, for instance, when discussing the effects of raising the minimum wage. So they might say that employment before was similar to after the hike, and then conclude that the change had no effect. But this is wrong, because there are plenty of changes in the economy that took place between the before and after — not only the minimum wage. So in order to figure out the effect of the minimum wage specifically, we must compare the “after” situation with what would have been had there been no minimum wage hike — the unseen.
Why We Need Less Politics and More Private Governance
We’ve lived through another election season, and this year, as with every years, the candidates competed to tell us about all the ways they were going to use the power of government to make our lives better. Unfortunately, many voters appeared quite sympathetic to the idea that government action can improve living standards and generally make markets work better. That’s the bad news. But, there are also trends at work right now that are bigger than any single election cycle, and while the candidates this year provided little reason for optimism, the voters themselves may be growing skeptical of just how much the government can solve all their problems. Nevertheless, one of the most important things we can do is really explain and understand how markets, and not government intervention, are our best hope for an orderly and prosperous society.
Thank You, Donald Trump
We advocates of liberty owe Donald Trump a great debt of gratitude. Thanks to Trump it is clearer than ever that most people who call themselves conservatives, and not just those who have lined up with Trump, are no cousins of ours. Freedom is not on their list of priorities. Neither is free enterprise. Nor civil liberties. And I need not mention war, peace, and empire.
The Extraordinarily High Burden of Proof for Violating Liberty
There are excellent observations and reasons for a presumption in favor of equal liberty for all – which led me to “therefore I am libertarian.”It is true that the libertarian political philosophy I have grown to believe greatly influences my policy analyses. However, it is not merely an opinion, no different in credibility than any other opinion held for any reason.
So-Called Intellectual Property
Property ownership is central to liberty and civilization. Property rights prevent conflict over the use of scarce resources. Ironically, the term “intellectual property” (aka “IP”) represents a hodgepodge of concepts that generally introduce artificial scarcity and needless conflict.