Mises Wire

The Case for Free-Market Liberalism in Africa

Global EconomyWorld History

Blog11/13/2019

The African continent is exceedingly rich in natural resources, yet the living standard of Africans is very low. The most plausible explanation for this discrepancy is the lack of a system that protects private property.

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Africa's Socialism Is Keeping it Poor

Socialism

Blog11/02/2019

Socialism was sold to Africans as the antidote to the legacy of colonial occupiers. But it was the African countries that most resisted socialism that experienced the greatest gains in standards of living.

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When Billionaires Want to Get Rid of Capitalism

Blog10/29/2019

When asked why they do not just give their money away voluntarily, some billionaires suddenly decide cooperation isn't all that great after all.

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South Africa’s Race-Based Socialism

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.

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The Problem with Elizabeth Warren’s Wealth-Tax Plan

Taxes and SpendingU.S. Economy

Blog10/19/2019

Elizabeth Warren's wealth tax is based on the idea that the government knows how to use wealth better than the private sector. The plan also ignores that the wealthy have been shown to flee countries with a wealth tax.

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The Failure of the Welfare State: The Case of Argentina and Brazil

Global Economy

Blog09/26/2019

The crisis-ridden welfare states of South America show us that the fabled "third way" to economic prosperity is not quite the cure-all we're told it is.

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Technological Innovation Is Nothing to Fear

Free MarketsCalculation and Knowledge

Blog09/21/2019

Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.

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Brazilian Socialism Shows Us How Not To Take Care of Forests

The Environment

Blog08/30/2019

Brazil — and its longtime disregard for property rights — has shown us how not to manage forest lands. Current calls for government solutions to forest fires do nothing to offer real solutions.

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