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Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources.
CapitalismEconomic FreedomFree MarketsSocialism
The standard line among the Great Reset crowd is that capitalism exploits poor nations and causes poverty. In reality, capitalism and free markets have reduced poverty around the world.
Although social media is blamed for many social ills, the sickness doesn't come from Twitter or Facebook but from how the ruling classes have politicized life itself.
Big GovernmentSocialismWar and Foreign Policy
Between Western sanctions and its own statist economic intervention, the Russian economy is headed downward and there is not much optimism ahead.
Airfares may surge 40 percent or more in 2022. This could be the biggest price increase in many decades.
The Bank of England, the European Central Bank, the American Fed, and the Bank of Japan are all talking a lot about inflation, but none are embracing any real change.
KeynesMonetary PolicyFiscal Theory
Standard Keynesian theory posits that if the economy slows, government can revitalize it by increasing spending, which supposedly creates new demand. But government can't create something from nothing.
Big GovernmentCronyism and CorporatismProgressivism
Once upon a time, the progressive hero was "socialist man." Today, we have "Davos man," who is ready to plan your life for you—your wishes notwithstanding.