In the seventeenth century, the capitalist bourgeois classes were becoming an increasingly important part of the European economy. The rising middle class was becoming too wealthy, too independent, and too influential. So, governments devised a response to the capitalist class: governments would create monopoly corporations that did what the
According to the American Medical Association, physician burnout “is a long-term stress reaction which can include the following: Emotional exhaustion Depersonalization (i.e., lack of empathy for or negative attitudes toward patients) Feeling of decreased personal achievement” The article goes on to say: Physician burnout is an epidemic in the
Despite its origin in Marxist-syndicalist thought, “fascism” has long been used as a derogatory label for practically anyone on the right wing of the political spectrum. Sometimes the label is warranted, but other times it is used against those who have virtually nothing in common with fascists, such as libertarian capitalists. Progressives are
Capitalism—Its Nature and Its Replacement: Buddhist and Marxist Insights by Graham Priest Routledge, 2021; 312 pp. The title of this book seems at first sight puzzling: what has Buddhism to do with Marxism? When we learn that the author accepts Karl Marx’s analysis of capitalism and also wishes to replace capitalism with a type of socialism, we
David Gordon continues his analysis of Graham Priest’s book, Capitalism: Its Nature and Its Replacement . While Priest might not understand either Marxism or capitalism, his book has useful insights. Original Article: “Marxist States Never “Wither Away” as Marx
China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism. Original Article: The Chinese Economy: Market Socialism with Chinese
The UAW’s strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle. Original Article: Strikes Always Have Economic Consequences and the Latest UAW Strike Is No
While Leo Strauss did not share G.W.F. Hegel’s acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men. Original Article: Understanding Hegel from a Straussian
Obamacare’s forced electronic medical recordkeeping is denying patients the care they need. Original Article: Physician Burnout: Another Consequence of Medical Socialism
Governments are fond of accusing private firms of “greed” when prices increase during periods of inflation. However, they fail to tell the public that government services also face price increases. Original Article: Is There Inflation in Government-Financed Goods and
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.