Why Taiwan Grew Rich While the Mainland Starved
Although hardly "free-market" in any doctrinaire way, the relatively free economy of Taiwan delivered immense growth in standards of living while many Chinese on the mainland starved.
Although hardly "free-market" in any doctrinaire way, the relatively free economy of Taiwan delivered immense growth in standards of living while many Chinese on the mainland starved.
The Venezuelan central bank helped the regime destroy the middle class's wealth for many years.
The academic scholar, along with the great teacher, is vanishing from the universities and being replaced by one-dimensional specialists.
Emmanuel Macron said he wanted to make France more free and more competitive. But his failed tax increase on gasoline shows just how fragile reform attempts are in France.
The socialist and anti-liberal movements we now face comes to use from intellectuals, aristocrats, and other elites. The "proletariat" has had no role in devising the movements we're told serve the interests of "the people."
No such thing as a "natural" monopoly has ever existed. In real life, so-called "public utilities" faced frequent competition, so they secured government monopolies to destroy the competition and invented the myths to rationalize their monopoly power.
Neoliberalism is a not a free-market or libertarian ideology. It's really just a throwback to the mercantilism of old, in which government-sponsored monopolies push their agendas on everyone else.
The Nazis did not invent polylogism — the idea that only certain groups are capable of correctly understanding the world. Marx pioneered that idea. But the Nazis did invent their own race-based version of it.
Sadly, the practice of branding political opponents as “insane” is not confined to the now-defunct Soviet state.
It's important to make the moral case for lower taxes, but we shouldn't overlook simply defending institutional competition.