Free Markets

Ethernet pioneer Bob Metcalfe

Both the Law of the Sea and the Antarctic Treaty need to be ignored as relics of the socialist past.

Indeed, global capitalism makes bureaus such as the Equal Employment Opportunity Commission even more unnecessary.

The path for progress here, as in every aspect of economics and civilization, lies with privatization, the elimination of restrictions and welfare, and freedom itself.

Dobbs goes back and forth throughout the book, confusing capitalism with mercantilism, blaming mercantilism for bad policies that he calls capitalism, and blaming free trade for the consequences of protectionist policies … and then there's his actual understanding of politics itself. I hesitate to say what his understanding of economics is because there isn't any economics in War on the Middle Class. There's a lot of talk about how this nation was founded on a principle of economic opportunity, but that's as close as Dobbs comes.

As this contrived example illustrates, an options market might allow for more efficient output decisions whereas a futures market (let alone a simple spot market) might not.

Recorded at San Jose State University on 25 September 2003.

Where did the legislation that makes it so difficult for me to unclog my nose come from in the first place? The intrigue continues. It was passed on March 6, 2006 — as an amendment to the Patriot Act!

The fundamental dogma of all brands of socialism and communism is that the market economy or capitalism is a system that hurts the vital interests of the immense majority of people for the sole benefit of a small minority of rugged individualists.

As interviewed on CBC’s CKVU and on “WestCoast,” December 4-5, 1989