Schumpeter’s first lesson: Change happens – but only in the right policy environment. Schumpeter’s second lesson: Incentives matter. Entrepreneurs will continuously drive dynamic, disruptive change, but only if public policy allows it.
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Entries by Hunter Hastings
The Democratic Party’s latest flavor of the week, Pete Buttigieg, shocked Meet the Press viewers when he openly called himself a “capitalist” during his interview. Like so many others, Buttigieg announced in January that he would be launching an exploratory committee as a potential Democratic candidate in the 2020 presidential race. However, calling himself a […]
Dalio’s recent article titled “Why and How Capitalism Needs to be Reformed” is a mess, though to be clear it’s a thoroughly well-intentioned and heartfelt mess. It’s a mix of self-effacement, dubious statistics concerning the non-problems of wealth and income inequality, and utterly unoriginal, counterproductive proposals for government action.
Having subsidized the creation of a dependent socialist paradise in Europe, the U.S. now has to watch as the EU’s malign influence washes over America and other nations via international bodies, universities, nongovernmental organizations, multinational corporations and other channels.
The bitter truth about most public policies being sold by the political class is that they give them more power to control our lives. If you favor some of these policies, be honest with the rest of us about what you mean, so that we can make more clear-headed judgments about the kind of society we want to live in.
If we really want progress, we must earnestly scrutinize the array of feasible outcomes that are economically viable. Such moves in public discourse require a discipline in intellectual affairs that seems almost out of reach at this time of division and discord.
To hear the class warriors say it, the rich aren’t paying enough. Even though the top 1 percent of earners account for nearly half of all federal tax revenues, this isn’t enough for those who live to redistribute. They want the rich to pay much, much more. Such a view is quite literally impoverishing.
When you no longer need to own a car, there is a huge convenience gain. Not only that, but resources become better utilized as owned automobiles no longer are wastefully parked in garages for long stretches, and consumers don’t have to tie up their capital in something as banal as personal transportation.
We have devalued the learning value of work. In a world that has increasingly emphasized the importance of education, it would be a catastrophic failure to not celebrate the educational value of work and the ways in which school-based learning can and should enhance work opportunity and performance.
Today minorities suffer from underdevelopment, not racism. Individual economics is the antidote to underdevelopment. Its commitment to individual responsibility, education, hard work, personal initiative, family values and free markets is a universal formula for success in a free society.
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