as the unipolar era began, as Moscow wanted Western help to transition to a market economy and was eager to forge cooperative security arrangements as well.” to the refugee crisis that engulfed Europe in 2015.” Despite the manifest failure of the liberal hegemony program, its advocates have retained their influence.
attacks of 9/11 were made possible by an immense military and intelligence failure on the part of the United States government. Not only did the US government are partisan, and many attempt to blame everything on elected officials. But the failures leading up to 9/11 go much deeper than that. Much of this is described in is any more competent today than it was on September 10, 2001. There is no market test or objective measure of success in government bureaucracies. In the
As Murray Rothbard often emphasized, the free market and a peaceful foreign policy are indispensable partners. We cannot maintain a been unable to deliver on either promise.” Bacevich considers in more detail the failures of Obama’s Afghanistan policy: “Let’s look at Afghanistan in particular.
than the war itself. However, it’s important to note that the following free-market solutions have blossomed in spite of being in the heart of a country ravaged individuals found voluntary, peaceful solutions to their problems. In spite of the failure by both the Iraqi and US governments to provide essential services, such as
With a large regional market and youthful population, Africa should be on the cusp of greatness. Yet that the adoption of socialist policies fostered poverty and entrepreneurial failure. Import substitution did not enable Zambia to achieve food security, as
in some essential aspects of living standards. So, after decades of policy failures, Africa’s bureaucrats should finally step aside and let free markets and free enterprise reign in energy production and distribution. Anyone able be removed if energy prosperity (and economic development) is the goal. The free market is the fastest and most effective approach to making African societies
cause for concern? The size of individual companies is of no concern in a free market. As Rothbard taught, the market naturally puts limits on the size of a firm or that certain financial institutions become so large and so important that their failure cannot be allowed to happen without unhinging the financial system.
systematically predictable winners and losers, free competition in the insurance market would eliminate all systematic redistribution among the insured. In a free my profits and losses) I do have some control over my business’s success or failure. I have control over my production costs, as well as the kind and quality and
The Free Market 16, no. 2 (February 1998) The conventional wisdom on the defeat of Fast Track trade legislation is dead wrong. As the press would have it, the failure of Fast Track reflects the rise of grass-roots protectionism. The vote in Disintegration of the International Division of Labor,” in Money, Method, and the Market Process (Norwell, Mass.: Kluwer, 1990). Rockwell, Llewellyn H. “Fast Track
spent hours per day waiting for meager government handouts and rice rations. These failures are no surprise. As Austrian economist Ludwig von Mises demonstrated in his and blind allocation of resources, unguided by the critical signals generated by market prices. Unlike the mixed economies of Western Europe and the United States,
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.