The Black and White Struggle for Freedom… Or Is It?

One thing I find all too common in humanity’s fight against tyranny and struggle for freedom is our uncanny ability to completely dismiss as insignificant or unworthy of consideration “others'” struggle for freedom. Whether on religious grounds, cultural grounds, or racial, it is only “my” fight for liberty that is legitimate. Everyone “else’s” contest is a game. They aren’t “woke.” They “think they’re fighting. But they’re really just helping out the oppression, without even knowing it.”

The Five Institutions of the Market Economy

Let us see what the basic institutions of the market economy are. We may subdivide them for convenience of discussion into (1) private property, (2) free markets, (3) competition, (4) division and combination of labor, and (5) social cooperation. As we shall see, these are not separate institutions. They are mutually dependent: each implies the other, and makes it possible.