Upon the collapse of the Soviet Union, Soviet foreign spokesman Gennadi Gerasimov warned the United States, “We have done the most terrible thing to you that we could possibly have done. We have deprived you of an enemy.”

Marx assumes tacitly that the social condition of a class uniquely determines its interests and that there can be no doubt what kind of policy best serves these interests. The class does not have to choose between various policies. The historical situation enjoins upon it a definite policy. There is no alternative. It follows that the class does not act, since acting implies choosing among various possible ways of procedure. The material productive forces act through the medium of the class members.

Thomas J. DiLorenzo is the author of The Real Lincoln and How Capitalism Saved America. A professor of economics at Loyola College in Maryland and a senior fellow at the Ludwig von Mises Institute, he has written for the Wall Street Journal, USA Today, the Washington Post, Reader’s Digest, Barron’s, and many other publications. He lives in Baltimore, Maryland.

If you weren’t a scholar, what do you think you would be doing for a career now? Do you have any hobbies?

Malinvestment. Picture it in your mind. Or take a look out the window. Below right is a photo taken of unused lumber hauling rail cars now parked on a closed railroad spur in Eastern Oregon, part of 20 miles* of empty rail cars dedicated to hauling lumber to market. Most of these lumber hauling rail cars have been in mothballs since 2008 ….

From the Atlas Foundation:

LIBERALISM AND CHRISTIANITY, BY Leonard P. Liggio

[Excerpted from The Economics and Ethics of Private Property.]

There is a YouTube video entitled “A Critique of Austrian Economics“, made by an anonymous YouTuber, which has had over twenty thousand views. The reader is dripping with insipid condescension; he reads the whole thing in this pedantic sing-song voice that is quite emetic in effect. So that you don’t have to listen to that, and so as to thus spare whatever upholstery may be around you, I’ve transcribed the last half or so below and added comments.

Some folks strain to find their agenda in every event. For Georgie Anne Geyer, state-mandated population control provides the only hope for her agenda: saving the environment, whatever that means. So she sees the heat, drought and fires this summer in Russia as proof that Malthus was right, all along. Yet …