Entrepreneurship and Social Progress
People have been led to believe that shutting down entrepreneurship and the marketplace will improve the world. Actually, that way lies barbarism, and a system unfit for human beings.
Entrepreneurship
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All Colonization Should Be Private
Both the Law of the Sea and the Antarctic Treaty need to be ignored as relics of the socialist past.
The Social Function of Call and Put Options
As this contrived example illustrates, an options market might allow for more efficient output decisions whereas a futures market (let alone a simple spot market) might not.
How the Global Boom Might End
So — even if the current cycle is about to turn — it will surely complete the revolution and move upwards once again and possibly faster than we might expect, thanks to the benign self-interest of the millions of new Asian and East European entrants into our complex, highly interconnected, global economy.
Environmentalism and Privatization
As interviewed on CBC’s CKVU and on “WestCoast,” December 4-5, 1989
The Business of Government
No wonder, then, that our economic problems center in government enterprises. Government ownership breeds insoluble conflicts, inevitable inefficiency, and breakdown of living standards. Private ownership brings peace, mutual harmony, great efficiency, and notable improvements in standards of living.
Fears of a “Brain Drain”
Free movement of capital, including human capital, is one of the pillars of prosperity. What explains this migration is not the political will of some evil western countries, but the price system that does an excellent job in directing capital where it can be the most productive.
The Social Function of Stock Speculators
Despite their horrible reputation, stock speculators perform a crucial service in the market economy. Their attempts to buy low and sell high quickly eliminate mispricings in the stock market.
Why Wal-Mart Matters
Rather, the popular debate over Wal-Mart is an important part of a broader debate between freedom and interventionism. Those who vilify Wal-Mart do so not for Wal-Mart's political failings but for Wal-Mart's economic successes.
How Empires Bamboozle the Bourgeoisie
There is only one system that can support a national and world population on this scale, and it is not socialism, primitivism, or any other than capitalism. Moreover, no form of government can create wealth.
