In a previous article about socialism, I outlined the basic reasons why profit-seeking capitalists are essential to the productivity and income of workers and to satisfying the desires of consumers, why increasing government controls over the economy plays into the hands of exploitative corporatist elites, and why socialization of the means of production ultimately requires central planning to coordinate production and preserve a division of labor, which in turn necessitates the evils of t

[This article was first published in German in Schweizer Monat, 5 August 2026]

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Bessent declared himself master of the bond market. Then bond yields soared to the highest levels since 2002. His tough talk seems to have vanished. 

Milei praised “Trump for saying Washington could reconsider its neutral stance on the islands’ sovereignty” and threatened to “not wait” for a peaceful solution through the UN. 

The European Union’s Artificial Intelligence Act requires developers to obtain government permission before releasing many AI models. Similar licensing and pre-approval regimes are spreading in other jurisdictions. Supporters claim these rules will make AI safer. In reality, mandatory pre-approval is epistemically impossible, destroys the entrepreneurial discovery process that generates both innovation and genuine safety knowledge, and systematically favors large incumbents.

[Political Philosophy: The Problem of Legitimate Injustice by Jonathan Quong (Princeton, 2026; 204 pp.)]