“...the power of the state expands and the liberty of the citizen contracts.” 

Karl Marx believed machines would eventually turn workers into something disposable. In The Communist Manifesto, Marx and Engels wrote that industrial labor had already reduced the worker to “a mere appendage of the machine.” In Capital, Marx argued that machinery would create a permanent “industrial reserve army” of unemployed workers. As automation increased, workers would lose bargaining power while capital consolidated control. The proletariat would become poorer and more desperate.

The ongoing destruction of the world’s largest natural-gas reservoir at South Pars and Qatar has produced exactly what Austrian economics predicts: sudden, irreplaceable capital destruction followed by a violent supply shock. Oil has spiked, European gas prices have jumped, and the Strait of Hormuz is now a flashpoint.

The economist Walter E. Williams was a great defender of liberty, and, in that context, he also defended the right to self-determination and the right to secede. But his reasons for opposing the removal of Confederate monuments were not confined to his support for independence movements. He was also against the vandalism and pointless destructionism of the social justice warriors. 

[This article, new to mises.org, was first published as “Just War and Rothbardian Libertarianism” in Encyclopedia of Military Ethics, July 2011.]

Thanks to Trump-caused global price hikes, the Chilean Left has a much easier time destroying Chile’s new Catholic anti-socialist leader. 

For the first time in many centuries, Christians cannot enter the the Church of the Holy Sepulchre.

Only 22% of surveyed Americans correctly stated the top source of foreign oil in the US: Canada.