No capitalist gets our money unless we voluntarily choose to exchange it for whatever he’s selling. As Mitchell puts it, “Capitalism is the only system that gives people the liberty to make their own choices.”
Free markets increase total wealth. Competition encourages entrepreneurs to find new ways to release more value from both people and resources. Because capitalism is voluntary and consumers have choices, the only way capitalists can get rich is to offer us something that we believe is better than we had before. That creates new wealth.
By Leo Babauta One thing I’ve learned about myself in the last year or so is how much I shut down what I want. Somehow the world taught me that what I want is not acceptable, that I should only want what seems reasonable, doable, or won’t inconvenience others. So I rarely even acknowledge that […]
To better understand the nature of government, one can think of it as an agency that sells or, more precisely, rents power to others. The greater the power and the wider its scope, the more opportunities the state’s agents will have to sell access to it in return for favors.
Why homeschoolers often stand out on the job market.
The continuing COVID-19 overreactions of New Mexico’s politicians mean I’ve spent much less time and money in New Mexico than I would have normally. Why would I go where businesses are either closed or operating with restricted capacity when I have other options? I prefer to go where businesses can decide whether they’ll force customers to wear a mask, rather than where a one-size-fits-all mandate declares businesses aren’t allowed to decide for themselves.
The Israelis ignored Deif’s warning and continued their abuses. The rockets flew. And, in the name of “self-defense,” prime minister Benjamin Netanyahu ordered the war he badly needs to distract from his recent election defeat and his ongoing corruption trial.
The government’s coronavirus-related unemployment benefits are encouraging some to stay unemployed.
Elon Musk is a man of many skills. He didn’t just make electric cars sexy, he sent one to space. Perhaps chief among his talents is the ability to roil markets by running his mouth. Lately, he’s aimed that talent at cryptocurrency.
There will always be some members of the population set on killing each other over petty squabbles and imagined slights. Nothing you and I can do will ever change this; nothing government can do will stop it. Some people are just determined to be uncivilized. They may even prefer living this way, and wouldn’t change if given every chance. You will be more free once you realize this truth.