During a conversation with someone who loves representative democracy but hates America's current political situation, I pointed out a problem with his view. The current situation, I said, is a product of representative democracy. So you can't have the system without...
Justice
TGIF: Damn Consumers!
by Sheldon Richman | Jul 26, 2024 | Economics, Featured Articles, Foreign Policy, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
Global free trade is about individual, not national, freedom—for consumers and producers who import raw materials, tools, and semi-finished products. Aside from its role as an aspect of personal liberty, free trade's efficiency benefits have been well-established...
“Capitalism” Is about Freedom, Not Capital
by Sheldon Richman | Jul 23, 2024 | Blog, Economics, Justice, Politics
"Why 'capitalism'? Words have an unfortunate tendency to confuse. Free market capitalism is not really about capital, it is about handing control of the economy from the top to billions of independent consumers, entrepreneurs and workers, and allowing them to make...
TGIF: The Populist Trap
by Sheldon Richman | Jul 19, 2024 | Economics, Featured Articles, Foreign Policy, Justice, Politics, Sheldon Richman, TGIF
If you care about individual freedom and general prosperity, you'll want to avoid all shades of populism like the plague. It is economic illiteracy proudly proclaimed and writ large. As an alternative to libertarianism, it is bad in its own right—freedom is not on its...
TGIF: On the Pursuit of Happiness
by Sheldon Richman | Jul 5, 2024 | Featured Articles, History, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
The most remarkable phrase in the Declaration of Independence, whose anniversary we just celebrated, is the pursuit of happiness. Looking back 248 years, that phrase may strike the modern ear as strange for a political document. But it apparently did not seem that way...
TGIF: No Cheers for Decolonization(R)
by Sheldon Richman | Jun 28, 2024 | Economics, Foreign Policy, History, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
How can a libertarian oppose decolonization? Colonization not only oppressed conquered peoples, as the staunchest early classical liberals never tired of pointing out, but also burdened the taxpayers of the home country, who were forced to pay through the nose for...
TGIF: “We Have Met the Enemy and He Is Us”
by Sheldon Richman | Jun 14, 2024 | Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
The famous line "We have met the enemy and he is us" is from Walt Kelly's comic strip, Pogo. Kelly adapted the line from a U.S. naval commandant who, during the War of 1812 against Great Britain, reported to his superior, “We have met the enemy and they are ours.”...
Immigration Talk
by Sheldon Richman | Jun 6, 2024 | Blog, Economics, Justice, Libertarianism, Politics
I talk about immigration with Michael Liebowitz on The Rational Egoist.