Capitalism

A growing chorus of technologists and futurists now argue that scarcity is ending. The future may be post-old-scarcity but it will not be post-scarcity.

Dr. Peter Klein explores whether AI can ever replace human entrepreneurs and central planners, arguing from Mises’ calculation problem that even “thinking machines” can only mimic, not originate, the real-world judgment and ownership that markets require.

Whatever positive economic changes the Milei government might have made in Argentina, the country is still not attractive for new capital investment.

AI is not the killer—it is the coroner.

AI is not the killer—it is the coroner.

The left has always attacked capitalism as being anti-social, but today much of the criticism of free markets comes from the right. Capitalism, they claim, breaks social bonds that hold societies together and it promotes wokeness. Dr. Wanjiru Njoya takes sharp exception to such claims.

The story of Anil Ambani destroys the belief that capitalism automatically favors the rich and excludes the poor. Once a billionaire, he made a series of bad business choices and the market punished those choices. Capitalism favors good choices.

The story of Anil Ambani destroys the belief that capitalism automatically favors the rich and excludes the poor. Once a billionaire, he made a series of bad business choices and the market punished those choices. Capitalism favors good choices.

The boom-and-bust cycle isn’t limited just to so-called advanced economies. It also has become a way of life in the economies of tropical countries and other emerging economies.

When we think of the need for more electricity to meet a weather-related surge in demand, we think more generation of power. However, entities like Bitcoin, which is a huge electricity consumer, can also curtail enough operations to put more power back into the grid.