Some 94 percent of Americans who reach “top 1 percent” income status will enjoy it for only a single year. Approximately 99 percent will lose their “top 1 percent” status within a decade. Now consider the top 400 U.S. income-earners—a far more exclusive club than the...
Bernie is at it again folks. Recently, the Democratic senator proposed that the government confiscate all the money that a person makes above $999 million. This came about from an interview with Chris Wallace discussing his new book, It’s OK to Be Angry About...
https://youtu.be/PXQIJ8ftwKM With nearly 100,000 members and over $5 million in annual income, couldn’t Democratic Socialists of America more effectively reduce capitalist exploitation on the margin by directly financing and staffing worker-owned cooperatives? - Chris...
Christianity has to deal with a lot of misconceptions. From the idea that Christianity was created by Paul to the idea that Jesus was a cynic, owing to its prestige and power and the desecration of almost everything due to modernist secularism, Christianity has been...
Big questions are being thrashed out these days. One of the biggest is this: do we want capitalism or socialism? Unfortunately, the online discussions I've witnessed have been, to put it as politely as I can, terrible. (For an example, see this one between Reason...
I challenge you to show me a lamer "debate" over "capitalism" and "socialism." (Don't worry; it's not about Bill Maher.)
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
Since socialism is "in" today -- even though many people who say they favor it have no idea what it is -- F. A. Hayek's last book, The Fatal Conceit: The Errors of Socialism (1988), is worth checking out. Hayek, the late great Nobel-laureate economist of the Austrian...
https://youtu.be/KvPKGOTz4mw There exist two blatant contradictions which roughly ninety-nine percent of intellectuals, journalists, and voters erroneously believe. On the one hand, they say that the free market must be regulated in order to prevent monopolies. It is...
There’s plenty to say regarding Sweden: (1) its “socialist” policies were made possible by wealth created under an essentially capitalist economy (as recently as the 1950s, remember, government spent less as a percentage of GDP in Sweden than in the U.S.); (2)...
https://youtu.be/sDgfh4qilo4 Whereas Marx rejected chattel slavery and extrapolated a long historical march to an eventual socialist reordering through revolutionary upheaval, Fitzhugh saw a readily available alternative. “Slavery is a form, and the very best form, of...
[Image of the police killing of Tony Timpa] Nine months after the Nazi war criminal Adolf Eichmann died at the end of a noose in Israel, a controversial but thoughtful commentary about his trial appeared in The New Yorker. The public reaction stunned its author, the...
https://youtu.be/x8g6W0JRV1s Core to understanding the economy is recognizing that it is about human actions and interactions. In fact, the economy is people acting and interacting. It is little or nothing else. We tend to think of the economy in terms of resources,...
I’ve read almost every major work of libertarian political philosophy ever published. In my view, Michael Huemer’s new The Problem of Political Authority: An Examination of the Right to Coerce and the Duty to Obey is the best book in the genre. What’s so great about...
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