the Nato war on Yugoslavia; the resignation of all twenty members of the EuropeanUnion‘s executive body due to massive corruption; the announcement of a “new Marshall
commercial purposes in the Seattle area, the 5th Street Theater is forced by labor union rules to pay excessively high wages ($98 per show) as compared with what they the now-defunct San Diego Symphony. Instead, they draw on overseas talent because European musicians have not priced themselves out of the market. American union
8, no. 3 (March 1990) It is generally agreed, both inside and outside Eastern Europe, that the only cure for their intensifying and grinding poverty is to abandon and statism across-the-board. For one thing, as we have seen in the Soviet Union, gradual reform provides a convenient excuse to the vested interests, at once and overnight, on the ,glorious day of July 7, 1949. In addition, the East European countries are starved for capital to develop their economy, and capital will
into global welfarism (nearly $100 billion in current dollars), they said, saved European economies after the Second World War. One reporter, Garrick Utley of NBC, and an unholy alliance between business and government was born. They would use Europe‘s miseries to line their own pockets in the name of “rebuilding” and providing would artificially support “full employment” policies. And since American labor union groups were intimately involved in choosing who got the money, the lion’s share
created by the WTO led directly to the spectacle of a trade war between the US and EuropeanUnion over bananas, which are not even grown in the US. Here’s what happened. The empire of Chiquita Brands mogul Carl Lindner could not boost its market share in Europe because of banana quotas designed to benefit former European colonies.
is a joke. Amtrak’s “high-speed” trains are much, much slower than their European and Japanese counterparts.) “Amtrak’s budget result was negative $109.5 careful cost controls, but rather by pols who want special trains to nowhere and union leaders who expect their members to receive raises regardless of the quality of
of liberty. They rise or fall together. If we had been able to maintain the real union of sovereign states founded by our forefathers, then there would not be, could by force and the American idea of consent of the governed was replaced by the European idea of obedience. But force can only settle questions of power, not of
intervention into the U.S. economy. The American recovery was slower than in most European nations—by 1937 Great Britain’s unemployment rate had declined to 10.3 wages at above-market levels, and then required (via the “code authorities”) all unionized businesses to fix their prices at higher levels. Work weeks were shortened by law at a time when underproduction was the most serious problem, and unions were given special legislative privileges that allowed them to push wages up
cartelists. Quite the contrary; it is now important to extend deregulation to the European sphere and end the international cartel of IATA, which has crippled intra-European travel and kept airline fares outrageously high. What of the other unwelcome to consumer needs than private firms would be. President Reagan’s feat in de-unionizing the air controllers early in his administration has made people overlook
Austrian School would now make its home. His dissertation became the book How Can Europe Survive? , published in 1955. It remains the best and most complete critique of the European political union ever written. Sennholz demonstrated, some 50 years before others even cared,
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.