Capitalism

The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR.

Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.

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.

In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.

Although most of Europe has long forgotten Misesian thinking, Prince Michael of Liechtenstein is an exception.

Quinn Slobodian's misplaced concerns about the exploitation of workers surface in his "Crack-Up Capitalism," which displays an obsession with the evils of competition and seceding communities.

Chris Calton reviews Michael Sonenscher's criticism of capitalism and the division of labor.

Whether political elites promote outright socialism or interventionism, they are advocating a failed economy.

In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.

Manuel Tacanho presents a framework for understanding and ranking socioeconomic systems, and demonstrates that modern economies, even the "capitalistic" ones, are statist.