Rules determine chances, but they don’t determine results. Even in a game with equal chances for all players, there will be some winners and some losers. Undeserved disappointments are unavoidable. They may cause a feeling of having been treated unjustly, but no-one has acted unjustly.
The prioritization of globalization, GDP growth and consumption growth, and higher education leaves behind many American workers. The leftist elites will not tolerate “any deviation from the borderless, green, multicultural, college-educated, ….consumption-oriented society”.
In February 1962 U.S. nonfarm payroll stood at 55.2 million. Fifty-six years and several major tax cuts later, jobs stand at 149.5 million. Call it basic and universal capitalism. Let’s stick with that, shall we?
Out of nowhere, the children of the welfare state have developed the feeling that “society” owes them particular things, and that “society” must act to provide them with those things, whether it’s a free education or free healthcare or a job.
“Someone” must be to blame for unequal distribution of incomes. Therefore, they must be punished. Their property must be involuntarily transferred to others.
Americans are more inclined to found companies than the people of other countries and are also better at turning small companies into giant ones. The U.S. was the first country to make it easy to create companies without going cap in hand to local bureaucrats who had a right to tell them what to do.
The Nobel Prize confers on an individual an authority which in economics no man ought to possess.
Rising inequality in terms of wealth is a sign of shrinking lifestyle inequality between the rich and poor. Think about it. Entrepreneurs generally amass great wealth by virtue of mass-producing the goods and services previously only enjoyed by the rich.
Pretending to use concepts of justice to limit individual achievement Is simply the ideology of socialism: to achieve total control over society because the governing elites believe it is in their power to design and determine future outcomes.
If a frog turns right and catches a fly, and then turns left and catches a fly, and then turns around backward and catches a fly, the purpose of the frog has to do not with turning left or right or backward but with catching flies.
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