Democratic socialism is a popular topic in 2018 America, and the Nordic model is frequently hailed as the real-life success story to emulate. Convincing Swedes, Danes, Finns, and Norwegians of that is another story. The real Scandinavian economic success story is brilliant. It occurred in the years 1850-1950, and it was spearheaded by a Renaissance man by the name of Anders Chydenius in 1763.
About Mark Shupe
Mark Shupe is a contributing author at Center for Individualism. He is also an investment strategy advisor and fitness instructor. Mark studied economics and finance at the University of Notre Dame. His writing passion includes the history of Western Civilization, the moral case for Capitalism, and the promise of Individualism.
Entries by Mark Shupe
The Federal Reserve’s sacred 2% inflation target is now supported by a 2% Fed Funds rate. Unfortunately the 2% GDP growth new normal isn’t playing nice, coming in at 4%. Innovation and economic freedom are the fly in the econometric ointment.
College campus life is already reeling from the effects of college admission racial quotas. Now International Pronoun Day activists are throwing salt on the wounds by expanding geometrically the number of possible identity groups. In a desperate appeal to dignity, the entire premise of the project is dissected in terms of reason, purpose, and self-respect. In other words, life-affirming values.
Little words matter a lot. As cultures evolve so do languages. New words and meanings are added while others are dropped. Nouns and verbs may change most, but it is not a good idea to override pronouns in conformity with changing social pressures. Authoritarianism begins with people’s attempts to control the ideological and linguistic territory.
Liberal, freedom, justice, and value add up to capitalism. This equation will easily repel another ill conceived coup spearheaded by JUST Capital, their banker Goldman Sachs, and their sanctimonious board of directors.
Computing power and innovation are giving investors more choice and lower costs. “Smart beta,” or factor based quantitative investing offers new access to the proven dimensions of investment returns. This allows everyone to benefit from the price mechanism of efficient markets.
There are two roads to take when a major corporation is faced with a diversity fueled media backlash. They can cower to the pressure of politically expediency or they can take a stand for the virtues that made them successful in the first place, and differentiate their brand in an even more positive way.
Friedrich Hayek’s signature achievement, the Road to Serfdom, was published 75 years ago, and its ideas are as relevant as ever, but who would know? In the e-book A New Perspective on the Road to Serfdom, Brittany Hunter translates its most important lessons to the Millennial generation highlighting its overriding theme – only you own your life.
Successful high achievers who feel like frauds are experiencing the Impostor Syndrome. Conversely, frauds who believe themselves worthy of dominion over others are immune from this condition. In both cases, this unhealthy self-awareness can have debilitating effects on societies.
Controlling the linguistic territory is the first objective toward authoritarian dominance, and it quickly worms its way into economics and finance. After all, economics is about life’s values. Now, value investing has been commandeered and redefined as creating value for the future of humankind. It is a categorical imperative. It is a duty.
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