Industrialization and Free Trade Are the Way out of Poverty
Far from being a tool of "exploitation," industrialization and free trade are proven strategies to bring higher standards of living to the developing world.
Far from being a tool of "exploitation," industrialization and free trade are proven strategies to bring higher standards of living to the developing world.
The best way to think about tradition is to view it like capital accumulation. Knowledge is accumulated through countless centuries of trial and error. The state seeks to destroy historical consciousness and old ways of life to secure power.
The West did not need resources from "Third World" colonies to attain economic development. In fact, colonialism was a result of the West's development, and not its cause.
It is ideas that determine what people consider as their interests. Free men do not act in accordance with their interests. They act in accordance with what they believe furthers their interests.
It is theoretically conceivable but scarcely likely that the ruling class will rush to embrace a philosophy and a political economy that will end their power and put them, in effect, out of business.
Spencer was warning of the coming slavery in 1884, and George Orwell, in our time, has predicted that the full consummation of this slavery will be reached in 1984, exactly one century later.
For the foreseeable future, war between Armenia and Azerbaijan will be on the table, occasionally turning hot, just as it has in the last weeks. This conflict has no peaceful solution possible other than the one offered by Ludwig von Mises.
A just scheme for reparations requires us to identify specific victims. But current calls for reparations do no such thing. Also, the British economy was not built on slavery, as some now claim.
For the foreseeable future, war between Armenia and Azerbaijan will be on the table, occasionally turning hot, just as it has in the last weeks. This conflict has no peaceful solution possible other than the one offered by Ludwig von Mises.
In every country that has moved toward socialism, the phase of the development in which socialism becomes a determining influence on politics has been preceded by a period during which socialist ideals governed the thinking of the more active intellectuals.