The Anticapitalist Front

From the very beginnings of the socialist movement and the endeavors to revive the interventionist policies of the precapitalistic ages, both socialism and interventionism were utterly discredited in the eyes of those conversant with economic theory. But the ideas of the revolutionaries and reformers found approval with the immense majority of ignorant people exclusively driven by the most powerful human passions of envy and hatred.

What Year Did Healthcare Become a “Right”?

Bernie Sanders declares with piety, “Healthcare is a human right.” His statement may sound reasonable, because when we think about someone without healthcare what comes to mind is pain, suffering, and the loss of hope and dignity.

Bernie is correct that no one in a country as prosperous as ours should be without some form of healthcare. However, is healthcare truly a right? It may sound terrible to some, but the answer is no. Healthcare is not a right nor can it ever be, for very sound reasons.

Derek Zweig, CFA, FRM is a capital markets analyst working in market risk at Huntington Bank.

Your Rational Self vs. Your Irrational Self

Last week, I talked about Hegel’s odd view that freedom consists of service to the state, and an earlier column discussed a problem with the use of behavioral economics to support “libertarian paternalism.” Richard Thaler and Cass Sunstein, the main libertarian paternalists, get into difficulties that Hegel would enable them to avoid. As we’ll see, though, if they were to accept Hegel’s help, they would pay a heavy price.

Thanks to the Anti–Gig Economy Craze, Freelance Writers Are Getting Hurt

Libby Emmons and David Marcus at the New York Post put a spotlight on the ongoing crusade against the gig economy. They began by citing California Assembly Bill 5, which was designed to put the clamps on the gig economy.

Ostensibly marketed as a bill to reign in rideshare companies like Uber by forcing them to provide independent contractors the same benefits as employees, the law is now poised to harm freelance writers.