If one is poor or handicapped, one wants to be in a rich country. To see why, first ask: What kind of society most generates riches – tribal, feudal, socialist, dictatorial, or capitalist? Free-market societies generate huge amounts of capital, and it is precisely that capital that enables the least fit among us to survive and […]
Capitalism is survival of the *unfittest* Read More »
Stephen R. C. Hicks Traducido al Español por Fermín Elizalde. Navegar en la red y otros lugares es una manera fácil de identificar el conservadurismo con políticas de libre mercado. Se propone una política de liberalización económica, los periodistas la etiquetarán como una política “conservadora” y los comentaristas, dependiendo de su origen, lamentarán o celebrarán
Los Conservadores *NO* Son Capitalistas de Libre-Mercado Read More »
A Draw-My-Life on the great Ludwig von Mises — his commitments to understanding wealth creation, the conditions of peace, and the perverse attraction of many to socialism and fascism. The short biographical sketch includes his early life in Vienna, his experience in World War I, his escape from the Nazi grip at the beginning of
“My Name is Mises” — video short Read More »
Hong Kong and Cuba: “are two remarkable real world experiments of economies closer to resembling an ideal (true laissez-faire, true socialism) than any other in the world. … in the late 1950s, both economies had a GDP per capita of around $4,500 in today’s money. By 2018 Cuba had slightly more than doubled its GDP
A perfect social-science contrast: Hong Kong and Cuba Read More »
Let me see if I understand the reasoning: 1. Argentina’s and Brazil’s governments have screwed up their economies over the years. 2. So they devalued their government-controlled currencies. 3. That means American farmers earn less on their exports to Argentinean and Brazilian customers. 4. So the US government will retaliate by taxing steel imports from Argentina and Brazil. 5. Therefore, steel-makers in Argentina and Brazil will earn
Trumpian trade wars, Argentina and Brazil edition Read More »
Or was he opposed to capitalism on principle? My 32-minute podcast discussion. Available at various listening sources: YouTube https://www.youtube.com/c/opencollege… Bitchute http://www.bitchute.com/opencollegepo… Apple Podcasts https://itunes.apple.com/ca/podcast/o… SoundCloud https://soundcloud.com/opencollegepod… Stitcher https://www.stitcher.com/podcast/poss… Google Play https://play.google.com/music/m/Iuram… Spotify https://open.spotify.com/show/2qgnmMD…
Did Keynes Save Capitalism? (Open College podcast) Read More »
The USA was in decline for the last decade, falling to 16th in 2015, but is now catching up to the world leaders. Canada’s Fraser institute released its 2019 report before the latest volleys of China-USA tariffs were announced. 162 countries are researched and ranked on their importance in five areas: Size of government, Legal
Economic Freedom: USA back in top 5, Canada 8th Read More »
The economist Eugen von Böhm-Bawerk arguing, in the 1890s, against the beloved-by-Marxists labor theory of value: “Value and effort, as I have stated at length in another place, are not ideas so intimately connected that one is forced immediately to adopt the view that effort is the basis of value. ‘That I have toiled over
Marx’s labor theory of value — Böhm-Bawerk’s rejection Read More »