MARKETS

Should Business Fight Climate Change and Inequality?

The Hazards of Embracing Environmental, Social and Governance (ESG) Goals

Socialism Never Works

Socialism Never Works

Socialist experiments failed in Sweden, Israel, India, Great Britain, Afghanistan, Syria, Algeria, Cambodia, Somalia, etc. There are no socialist success stories.

Equity Performance Amid One-Party Rule in America

Equity Performance Amid One-Party Rule in America

If history (especially more recent history) is a guide, U.S. equity gains over the next two years of full Democratic control will be inferior, a result that is more probable given that the party is currently more anti-business, anti-profit, and anti-capitalist than at any other time since 1970.

“Sweatshops” are Good for the Planet—and People

“Sweatshops” are Good for the Planet—and People

Producing and consuming fast fashion and other sweatshop products is a win-win scenario for human flourishing: consumers get inexpensive products, workers and their employers prosper, working conditions improve and pollution diminishes, the planet gets greener, and the brands profit.

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Who is Carl Menger?

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.  

Let a Billion Preferences Bloom

There isn’t much room for diversity and dissent, however, when everything is decided politically. Mass customization and diversity are commercial society’s virtues. Mass regimentation and uniformity are political society’s vices. The stark contrast is clear in the proximity between Halloween and Election Day.

Google is Not a Coercive Monopoly

“Monopoly” means either “the only firm in an industry” or “a firm with explicit, government-granted privileges that prevent other people from competing with it.” Google doesn’t fit the bill.

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