Socialist experiments failed in Sweden, Israel, India, Great Britain, Afghanistan, Syria, Algeria, Cambodia, Somalia, etc. There are no socialist success stories.
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.
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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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.
We can keep the term “monopoly,” but it should be reserved for describing those government-created and sanctioned dinosaurs like the US Postal Service.
“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.
The nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. Capitalism allegedly has failed, has proven itself incapable of solving economic problems, and so mankind has no alternative, if it is to survive, than to make the transition to a planned economy, to socialism.
Antitrust legislation is an example of the government’s improper use of political power.
Biking around the woods, I noticed something strange. There are two campgrounds near my house. One is full. Lots of people pitch tents or park trailers at a place called Maurice’s. A short bike ride away is a much bigger campground that’s almost entirely empty. Why?
What Professor Mazzucato calls for is better labeled a fascist-style command economy rather than some asserted form of modified capitalism.
The work furnished by the Government was done at the expense of labour, paid for by the tax-payer.
Much is hoped from the future prosperity of Algeria; be it so. But the drain to which France is being subjected ought not to be kept entirely out of sight.
On the myth that “it is the superfluity of the rich which makes bread for the poor.”
It is an injustice to the tax-payers, who are made to pay a debt which is no concern of theirs.
“A curse on machines! Every year, their increasing power devotes millions of workmen to pauperism, by depriving them of work, and therefore of wages and bread. A curse on machines!”
Some persons consider that plunder is perfectly justifiable, if only sanctioned by law.
They would gladly suppress the capitalist, the banker, the speculator, the projector, the merchant, and the trader, accusing them of interposing between production and consumption, to extort from both, without giving either anything in return.
The State opens a road, builds a palace, straightens a street, cuts a canal; and so gives work to certain workmen — this is what is seen: but it deprives certain other workmen of work, and this is what is not seen.
If they take one direction, it is only because they have been diverted from another.
It is nonsense to say that the Government officer will spend these hundred sous to the great profit of national labour; the thief would do the same; and so would James B., if he had not been stopped on the road by the extra-legal parasite, nor by the lawful sponger.
Keynesian Economics has continued to dominate and hold sway over the way the vast majority of economists think about and analyze the nature of economy-wide fluctuations in employment and output.
You do not see that to dismiss a hundred thousand soldiers is not to do away with a million of money, but to return it to the tax-payers.
What would become of the glass makers, if nobody ever broke windows?
Trump is a classic mercantilist. A mercantilist favors exporters over importers and the use of government tariffs to promote (or “protect”) less efficient, but politically favored “national champion” companies against their foreign competitors.