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It's not necessary to completely destroy capitalism to impoverish us irrevocably. The further a regime moves in the direction of the "egalitarian" states of the old communist world, the worse the impoverishment will be.
The history of poverty is almost the history of mankind. The ancient writers have left us few specific accounts of it because they took it for granted. It was the normal lot.
Free-market economists don't run the world, and book reviewers at the NYT should stop pretending they do.
Global EconomyWorld History
As it celebrates 70 years of the "People's Republic," China shouldn't forget its rise was made possible by its turn away from communism.
World HistoryOther Schools of ThoughtPhilosophy and Methodology
By advocating an increased monetary role for the state, Keynes has made the credit cycle considerably worse and more destabilising.
Decentralization and SecessionWorld History
The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.
Price-control schemes have been failing for thousands of years. Now it looks like politicians in Washington are going to give price controls yet another try.
Labor and WagesU.S. HistoryWorld History
Slavery was a monstrously unfair and immoral institution. It was also inefficient, compared to a system based on free labor.
It was Ludwig von Mises who revealed the intimate connections between Austrian economics and authentic liberalism.
Anti-poverty programs pushed by social democrats have enabled ever higher levels of corruption as bigger government programs mean the ultra-rich can skim more off the top.