Wage hike advocates effectively seek to force entrepreneurs to raise the costs of production after many of them have barely survived what became a catastrophic 2020 due to the coronavirus pandemic.
Fekete was one of the few old Europeans to recognize the central role of money: on the positive side as a means of amicable division of labor, on the negative side as a casualty and lever of political intervention.
Before 2020, there were growing signs of increasing economic prosperity for a wide variety of income groups in America. Whether or not this prosperity survives covid lockdowns and ever higher levels of government regulations remains to be seen.
The covid lockdowners still have no explanation for why California and Florida—with such different covid policies—have similar covid death rates. The White House's spokesman on the matter could only say it's "just a little beyond our explanation.”
Democrats want taxpayer funding for the families of those who died of covid. But, of course, there's no discussion of helping those who died as a result of covid lockdowns, such as those who were denied medical treatment for cancer.
In her history of liberalism (both classical and otherwise) Helena Rosenblatt relies on a caricature of liberals as radically individualistic and concerned only with material gain. This is an unfortunate mistake.
