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While it may seem to many that the capitalist provides no benefit to the market, but without Earnhardt Jr. taking on the function of the entrepreneur, there would be no car to drive, no strategy to call, no wrench to turn.
Brazil's new president has made many statements favorable to many pro-market reforms. But will he focus on economic reforms or the social conservatism favored by many of his supporters?
If the laws of economics are either unknown or not heeded, the inevitable penalty will be an economy of scarcity and poverty.
The US Army commissioned a propaganda film on recovering veterans. But the Army nixed the program after the film ended up showcasing the horrors of war.
In line with Nazi economic totalitarianism overall, the National Socialists took total control of German agricultural while leaving in place an ersatz form of private ownership.
U.S. HistoryWar and Foreign Policy
America went to war 100 years ago for no good reason, and certainly not for the “general interest” of national security.
Production TheoryValue and Exchange
Private entrepreneurs have solved many environmental problems by finding ways to turn garbage into something people were willing to pay for.
Gustavus Swift liberated people from a diet of salt pork by figuring out how to ship refrigerated beef.