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.”

“Redistributive” vs. Libertarian Egalitarianism

The only equality achievable by “redistributive” egalitarianism is equality of disrespect, where the “haves” are treated as permanently exploitable slaves, and the “have-nots” as permanently useless wretches. On the other hand, the only equality achievable by libertarian egalitarianism is equality of respect, where the “haves” are free to enjoy their personal well-being, and the “have-nots” are free to pursue it. In other words, “redistributive” egalitarianism makes equality a guarantee of misery, while libertarian egalitarianism makes it a window of hope: that is, the only thing that it can be if it is to be something good.

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.

Thanksgiving Was a Triumph of Capitalism over Collectivism

This time of the year, whether in good economic times or bad, is when we gather with our family and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.