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.
Big Company capitalists lobby government for tax breaks, subsidies and protectionist policies rather than supporting competitive markets and a level economic playing field. They don’t defend the free-market system from which they have so richly benefited.
Thanks to journalism’s profound and obvious hostility to the Trump administration, it has become increasingly difficult for the media to continue to claim adherence to dispassionate scientific inquiry. This departure from the scientific ideal has become more clear in the last decade.
People like Alexandria Ocasio-Cortez may be as innocent and as sincere as they claim to be, but their statist schemes are going to fall afoul of economic realities.
Free market capitalism together with the drastic reduction of the state and the abolishment of politics would do away with the financial burdens that afflict the modern citizen. State intervention in economic life does not lead to prosperity. The path to affluence is the withdrawal of the state and the end of politics.
Unfortunately for the billions of human beings who have benefited from what market freedom exists, the new green-socialist global state imagined by McDuff will undo decades of gains against grinding poverty — gains enjoyed by the world’s most at-risk and poorest populations.
The investment into the “tools of production” not only has a longer and more sustainable effect on the livelihood of people, but it actually meets the conditions of charity in a much more profound way.
Capitalism is responsible for unprecedented levels of comfort, health, achievement, peace and personal fulfillment. All other systems are worse. And yet we are sprinting away from it. How does this happen? At first, gradually, then suddenly.
Economics is about economizing. To economize means to allocate whatever scarce resources are available to you in a way that extracts from those resources the most of whatever it is you want. Time is one of those scarce resources – once we’ve used it up its gone, so we must make an economizing choice.
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