People who depict markets as cold, impersonal institutions, and their own notions as humane and compassionate, have it directly backwards. It is when people make their own economic decisions, taking into account costs that matter to themselves, and known only to themselves, that this knowledge becomes part of the trade-offs they choose, whether as consumers or producers.
– Thomas Sowell, Discrimination and Disparities
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https://youtu.be/e4qYxilAIR8 “First, we should recognize that institutions such as states show a natural aggressiveness. The explanation is very simple. If you have to fund your own aggressive ventures yourself, out of your own pocket, that will somewhat curtail your...
https://youtu.be/IK14Xp0d-qg “First, we should recognize that institutions such as states show a natural aggressiveness. The explanation is very simple. If you have to fund your own aggressive ventures yourself, out of your own pocket, that will somewhat curtail your...
https://youtu.be/qxykDSLaGiQ The characteristic mark of big business is mass production for the satisfaction of the needs of the masses. Under capitalism the workers themselves, directly or indirectly, are the main consumers of all those things that the factories are...
