There is a persistent myth that capitalism has destroyed what would have been a natural abundance and peace of mind. Yet nature does not generate abundance or peace. The characteristic mark of the "state of nature" is irreconcilable conflict.
Without government stats, the state would be crippled in justifying its interventionism. If the government received no railroad statistics, for example, how in the world could it even start to regulate railroad rates, finances, and other affairs?
If you think healthcare pricing seems nonsensical now, just wait until you see what happens when mandated coverage removes any semblance of rational insurance pricing.
The fact that men are born unequal in regard to physical and mental capacities cannot be argued away.
Whether or not anti-trust legislation remains helpful to consumers, or makes any economic sense, remains entirely debatable.
It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending.
Many people on the left regard economics as neither a science nor a principled field of study. For them, economics is just a pseudo-science invented as corporate propaganda, and people who push "free-market economics" do so because they are either evil or brainwashed by corporate masters.
Many people on the left regard economics as neither a science nor a principled field of study. For them, economics is just a pseudo-science invented as corporate propaganda, and people who push "free-market economics" do so because they are either evil or brainwashed by corporate masters.
The envious are not satisfied with equality; they secretly yearn for superiority and revenge.
The price system performs the crucial function of transmitting knowledge throughout the society and thereby eliminates the need for bureaucracy.
