Professor Raico suggests that not only would the problem of alienation not be solved by socialism, but the substitution of socialism for a regime of private property in the means of production would shake the foundation of all the humanist values, which are linked to political and cultural freedom.
Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources.
The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.
Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources.
The standard line among the Great Reset crowd is that capitalism exploits poor nations and causes poverty. In reality, capitalism and free markets have reduced poverty around the world.
The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.
The standard line among the Great Reset crowd is that capitalism exploits poor nations and causes poverty. In reality, capitalism and free markets have reduced poverty around the world.
Skyrocketing asset prices are great for hedge fund managers and Wall Street types, but they increasingly drive ordinary people into unsustainably large amounts of debt.
Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures.
Leftist regularly accuse capitalism of depending upon racism for its existence, but history tells a much different story.
