Mariana Mazzucato’s and Joe Biden’s political missions and big economic central plans require all of us to give up our own individual and personal plans to be straightjacketed into their compulsory designs for us.
Richard M. Ebeling
Richard Ebeling on why armed self-defense is essential in a free society.
Menger’s Distinct Approach to Economic Thinking
Our dilemma, today, is that, to use John Stuart Mill’s phrase, we have a political system in which many who have the right to vote use it “to put their hands into other people’s pockets for any purpose which they think fit to call a public one.”
America has entered into a new era of thought control. What is being insisted upon now used to be known as tyranny and criticized as dictatorship.
As Mises said, if we want, peace, freedom and prosperity, there is no alternative to the free market economy respectful of competitive entrepreneurship and consumer choice.
Listening to some in American academia and on social media, you would think that socialism was a bright, new, and shiny idea never tried before that promises a beautiful future of peace, love, and bountifulness for all. It is as if a hundred years of socialism-in-practice in a large number of countries around the world had never happened.
President Biden and those around him are attempting to implement through executive order and other means are policies and political positions that many in the society do not share or to which they do not assign the same degree of urgency.
President Biden’s “closed shop” labor union agenda would rob all those working for a living the liberty and latitude to do so freely and of their own choosing.
We should remember and appreciate episodes in history like those in Lithuania in January 1991, in which a people oppressed by socialist tyranny said, “No,” and insisted upon regaining their freedom.
There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and its implications. But one that is in this category is Carl Menger’s Grundsätze der Volkswirtschaftsliche, his Principles of Economics in its English translation, which marks this year the 150th anniversary of its publication in 1871.
End Government Paternalism and the Private Sector Will Do the Job
It is difficult to see the difference between an actual free market and the interventionist system under which we live because so many across the political spectrum refer to ours as a “capitalist” society.
In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism.
Michelle Obama’s words imply that if there is to be healing and uniting it means that all those who think the “wrong” way must come over and only think according to the anti-capitalist “progressive” worldview of those on “the left.”
What do the Great Depression and the Second World War have in common with the coronavirus crisis of 2020? They have all been caused by government!
What really stood out in the vice-presidential debate that said something meaningful, not just about this election but the political times in general in which we live? That both the Trump-Pence and Biden-Harris teams have Big Plans to run your life.
What Professor Mazzucato calls for is better labeled a fascist-style command economy rather than some asserted form of modified capitalism.
Voice of Capitalism
Our email weekly email newsletter.
We respect your privacy. Unsubscribe anytime.