Unfortunately, the corporate press and public health officials have determined that unilateral rule by executive decree, unimpeded by any conception of individual freedom, is necessary to respond to the coronavirus.
If we actually examine the record of markets versus socialist regimes, we find that markets perform much better in terms of income growth, environmental quality, and the empowerment of women.
In his book-length essay on neoliberalism, Alberto Mingardi provides some much needed clarification and explanation of this concept that has long been one of the Left's favored bogeymen.
Postmodernism lends itself to totalitarianism. Once beliefs aren't constrained by the object world, an idea can't be wrong, and the intellectual battleground becomes a political one, a struggle to impose certain ideas on all.
The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well.
In some cultures, entrepreneurial achievement and capital accumulations are viewed with high levels of suspicion and envy. This can be disastrous for economic progress.
At a time when universities have become the most intolerant institutions against intellectual freedom, environments like the Austrian Economics Research Conference have never been more important.
