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Had consumers in 1938 been uninterested in a feature-length cartoon, Snow White would have bankrupted the Disney studio. Instead, Walt Disney was richly rewarded for his risk-taking.
The net effects of the regime's economic planning is wealth destruction and perpetuation of chronic, widespread poverty. South Africa’s per capita GDP, at around $6,000 in 2019, has not increased in inflation-adjusted terms in a quarter-century.
The EnvironmentFree MarketsSocialism
There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.
The US government clearly wants to invade Venezuela. But oil is likely not a significant reason, in part because Venezuela's oil is hardly the gold mine some think it is.
Philosophy and MethodologyValue and Exchange