Interventionism

The recent actions by the preservation commission against a private-property owner are nothing less than aggressive theft by a third party.

Although I have tried in this article to show how discussions of competition may be prevented from being misleading, it may often be best to emphasize instead the cooperation of the market, for this is the more fundamental feature of a capitalist order, and this is what competition on the free market promotes.

"Zimbabwe's lush soil is the envy of all of Africa. The country is said to hold 80 percent of the world's platinum deposits and huge reserves of natural gas. And along with its rich natural resources, the Zimbabwean population boasts a literacy rate exceeding 90 percent. So what happened?"

Recorded from The Mises Circle in Phoenix, Arizona, April 10th, 2010. Sponsored by James M. Rodney.

Recorded at The Mises Circle in Phoenix, Arizona, on April 10th, 2010. Sponsored by James M. Rodney.

"Twenty-five percent of college-bound high-school students cannot name the ocean separating the United States from Asia. This happens despite the fact that education funding in the United States tripled from 1960 to 2000."

"The pensions/social security system is an intergenerational Ponzi scheme, the biggest scam ever invented."

In the end, this is the reason why progressivism as a system of economic thought is every bit as bankrupt as Social Security.

It is just a bit strange that companies would be, on the one hand, attacked for not providing enough in wages and, on the other, required to not provide any wages.

With medical costs continuing to rise, mostly due to countless previous interventions in the healthcare economy, the unemployed and downsized workers thought that at the very least their Uncle Santa should take care of their medical needs.