The academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era?
Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.
While most people tend to see the Ukraine-Russia war as a current phenomenon, it is the continuation of what happened in Europe more than a century ago.
"The commonly accepted theory that Fascism originated in the conspiracy of the great industrialists to capture the state will not hold. It originated on the Left."
Progressives claim that inequality is causing poverty and making people's lives worse. In reality, inequality leads to better economic outcomes overall and pulls more people out of poverty.
