Does Capitalism Make Us More Materialistic?
Socialists once argued that socialism would best capitalism in terms of wealth creation. Now they don't say capitalism leads us to poverty but to too much wealth.
Socialists once argued that socialism would best capitalism in terms of wealth creation. Now they don't say capitalism leads us to poverty but to too much wealth.
Carl Menger, from his classic treatise, on the origins of the means of payment.
Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures.
During the 1930s, the Rockefellers pushed hard for war against Japan.
Economic growth is not something that just happens. It requires saving. It requires investment and capital accumulation. And it requires the real market process.
Utilitarianism assumes that morality—the good—is purely subjective to each individual. It also assumes that these subjective desires can be added, subtracted, and weighed across the various individuals in society.
In Nock's view, the usurpation of social power by state power went hand in glove with a rise in war, intra-social conflict, arbitrary authority, indebtedness, and many other injustices.
Revisionism has the general function of bringing historical truth to a public that had been drugged by wartime lies and propaganda.
That man acts and that the future is uncertain are by no means two independent matters. They are only two different modes of establishing one thing.
Hazlitt popularized sound economic thinking, was a critic of Keynes, and contributed to ethical moral philosophy. Not bad for a poor fatherless boy and college dropout.