Social democracy (or welfare state) may feel like the nice middle point between laissez faire capitalism and communism that many people feel comfortable with. Among the many arguments that proponents of social democracy espouse in favor of such a system there’s their concern for the poor, they ask, in a minimal state society who would help the poor?
The covid-19 pandemic featured an unprecedented fusion of the interests of large and powerful corporations with the power of the state. Democratically elected politicians in many countries failed to represent the interests of their own citizens and uphold their own constitutions and charters of rights. Specifically, they supported lockdown measures, vaccine mandates, the suppression of a variety of early treatment options, the censorship of dissenting views, propaganda, interference in the private spheres of individuals, and the suspension of various forms of freedom.
When the United States in 1982 was mired in the worst recession since the end of World War II, supporters of President Ronald Reagan were sure that they had the answer: just let Reagan be Reagan. Conservative friends of mine wore “Let Reagan Be Reagan” buttons to show that the problem at hand wasn’t the fact that the economy, fueled by massive inflation, was in the middle of a much-needed and inevitable correction. No, it was a PR problem.
Entrepreneurship involves individual’s active intention of achieving social and material success. This success can be achieved in different ways and have different sources. However, the common feature is that the individual, inclined to maximize social and material success, enters into active competition to gain advantages in achieving such success with other members of the community. In the process of competing, the individual is forced to develop and use creative, cognitive, and organizational abilities to the maximum extent possible.
President Biden often looks like a punch-drunk old fighter sent into the ring once too often. At this point, the only thing lower than Biden’s approval numbers is his energy level. Is Uncle Joe too old to rebound?
