In a free, market-based economy, there is no conflict between different industries, economic interests, or sectors of the economy. There is no “class conflict”—as Marx imagined it—because, thanks to the division of labor, voluntary trade and competition reward consumers, producers, and asset owners alike. This is what Ludwig von Mises called the “harmony of interests.” 

I recently attended an event at the Prosperity Institute in the United Kingdom, and, as a foreigner listening to the discussion unfold, I found it both unsettling and clarifying. The panel addressed the grooming gang scandal, a subject that remains profoundly uncomfortable for Britain’s political and cultural establishment. What distinguished this event was its refusal to soften the reality of what occurred or to retreat into evasive language.

For the second time in less than a year, the US again finds itself on the brink of war with Iran.

Trump has consistently used tough language throughout his second term as he’s sought to pressure the Iranian regime into abandoning its military and civilian nuclear programs. But in recent weeks, that rhetoric has been backed by a substantial buildup of military assets at bases in neighboring allied countries and in the waters around Iran.