It's hard to see how burning subway cars and torching businesses will reduce inequality in Chile. But the protestors there claim their violence is justified by the fact some people are richer than others.
Big GovernmentBiographiesSocialismHistory of the Austrian School of EconomicsPolitical Theory
What would Mises think about the current state of the liberal project he laid out 100 years ago?
The more widespread social programs become, the more they tend to undermine the social interactions and exchanges necessary to build wealth.
Bureaucracy and RegulationCronyism and CorporatismMonopoly and Competition
The reason PG&E can get away with such outrageous mismanagement is that the California government literally guarantees them their business.
Labor and WagesPoverty
The high cost of living in California — fueled by government regulations and taxes on the middle class — means the state now has some of the worst poverty and homelessness of any state.