The high cost of living in California — fueled by government regulations and taxes on the middle class — means the state now has some of the worst poverty and homelessness of any state.
Venezuelan politicians hoping to replace the current regime in Venezuela mostly offer just re-treads of the failed socialism the country has endured for decades.
The theory goes like this: capitalism combines with consumerism and advertising to make us sad, lonely, and forever chasing after material goods. So we consume endlessly and the Machiavellian capitalists reap the rewards. It's not a great theory.
Industrialization and capitalism finally freed us from the starvation and deprivation of endless centuries of subsistence living. Now socialists in Venezuela have managed to reverse centuries of progress.
Some people get richer faster than other people. But what really matters is increasing access to everyday necessities (and luxuries) for everyone.
Beyond the usual arguments about incentives and taxes, UBI is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.
Beyond the usual arguments about incentives and taxes, a Universal Basic Income is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.
We continue to live with the wreckage of failed urban renewal, and Progressive city planning. And the evidence can be seen in the tent cities and makeshift latrines we now see in public spaces.
By slapping new regulations on high-interest credit cards, Bernie and Ocasio-Cortez will just prevent high-risk borrowers from getting loans.
Both ideological anti-capitalism and economic factors contribute to the way Africa lags the rest of the world in the conquest of poverty.
