The discrepancy between the relative position of the US economy in the world on the one hand and the relative position of the United States as to its military presence and the role of the US dollar on the other hand is moving towards a cracking point.
Capitalists and entrepreneurs will have to be convinced that a new social system will keep their investments safe from government appropriation — no small task.
The Korea Times reports in this article on the increasing diffic
Unfortunately, the problem with antitrust regulation is not what we see, but what we don't see.
We free marketeers get exhausted saying it so many times, but here goes: Foreign imports do not destroy jobs on net. Government interventions against international trade do not promote employment. Everyone can get hired in a free labor market, so there is no issue of "providing jobs."
Includes an interview with Walter Block, from the television program “The Journal”
Free movement of capital, including human capital, is one of the pillars of prosperity. What explains this migration is not the political will of some evil western countries, but the price system that does an excellent job in directing capital where it can be the most productive.
Globalization is the process of bringing the entire world into the system of division of labor and thus into the system of social cooperation…
