The Free Market Serves the Masses, Governments Commit Genocide

The Free Market Serves the Masses, Governments Commit Genocide

Amazon is simply the best store that ever existed, by far, with incredible selection and unearthly convenience.  The price: cheap. Facebook, Twitter, and other social media let us socialize with our friends, comfortably meet new people, and explore even the most obscure interests.  The price: free. Uber and Lyft provide high-quality, convenient transportation.  The price: really cheap. Skype is a sci-fi quality video phone.  The price: free. Youtube gives us endless entertainment.  The price: free. Google gives us the totality of human knowledge!  The price: free. - Bryan Caplan, Ph.D.,...

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The Truth About Discrimination – Walter E. Williams

The Truth About Discrimination – Walter E. Williams

If people are free to discriminate in favor of, or against, a university or wine, what argument can be made against their having that same right with respect to choosing based on the race or sex characteristics of their mates, employees, tenants, or club members? If one shares the value of freedom of association, why should some associations be permitted and others denied? If a man is not permitted to bring a court action against a woman who refuses to deal with him, in form of a dating or marital relationship or for any arbitrary reason she chooses, what is the case for bringing court...

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Black Youth Unemployment Before Democrats Started “Helping”

Black Youth Unemployment Before Democrats Started “Helping”

Although most people are familiar with more recent statistics on black youth unemployment, not many are aware of the black/white statistics for earlier periods. Table 3.2 (below) shows that in 1948, the two were roughly equal. For that year, blacks aged sixteen to seventeen had an unemployment rate that was less than whites of the same age-9.4 percent compared to a 10.2 percent. During the same period (until the mid-1960s), Table 3.3 shows that black youths generally were either just as active as whites in the labor force or more so. Since the '60s, both the labor-force participation rate...

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Political Discrimination vs. Market Discrimination – Walter E. Williams

Political Discrimination vs. Market Discrimination – Walter E. Williams

Gross racial discrimination alone has never been sufficient to prevent blacks from earning a living and bettering themselves by working as skilled or unskilled craftsmen and as business owners, accumulating considerable wealth. The fact that whites sought out blacks as artisans and workers, while patronizing black businesses, can hardly be said to be a result of white enlightenment. A far better explanation: market forces at work.   The relative color blindness of the market accounts for much of the hostility towards it. Markets have a notorious lack of respect for privilege, race, and...

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The Democratic Policy Which Keeps Poor People Poor – Walter E. Williams

The Democratic Policy Which Keeps Poor People Poor – Walter E. Williams

To criticize occupational licensing laws is not to argue that information about the quality of a licensee's services is not important to consumers. However, it is by no means clear that licensing is the most effective way to provide that information. Indeed, licensing may lower the "received" quality of the service in question. By making entry costs higher, there are fewer practitioners, which, as noted above, increases the cost of the service rendered and leads some consumers to resort to do-it-yourself methods that generally results in a lower-quality end product. For example, even the...

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