Africa’s Socialism Is Keeping it Poor
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.
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.
Proponents claim intellectual property laws are necessary to promote scientific and artistic innovation. Empirical evidence suggests the opposite is true.
Bodily integrity and self-ownership supplement each other: they do not compete for our allegiance.
The standard Austrian approach to air pollution and regulation rejects the bean-counting of winners and losers, and instead embraces a property rights approach.
Given the ongoing growth of government taxation, spending, and regulation, it should be abundantly clear that we are hardly living in an age of "market fundamentalism" as so many leftists and conservatives claim.
There's nothing necessarily wrong with social shunning and ostracization used against those who seek to destroy others through lies and media manipulation.
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.
The more widespread social programs become, the more they tend to undermine the social interactions and exchanges necessary to build wealth.
The reason PG&E can get away with such outrageous mismanagement is that the California government literally guarantees them their business.
What would Mises think about the current state of the liberal project he laid out 100 years ago?