Another day, another hilariously awful straw man argument against libertarianism.
Musk brings to the conversation a vision of changing how we get around, how we power what gets us around, and where we live. In so doing, he is working to address some of the most important challenges facing our species.
NPR’s Goats and Soda recently covered a debate in India over surrogacy. In India, there is a thriving industry of women who are paid to be surrogate mothers, carrying another couple’s children. Many surrogates are impoverished women, and there are growing concerns that paying poor women to be surrogates amounts to exploitation. Some are calling […]
The spread of markets into the healthcare sector has allowed us to live longer than ever before.
Entrepreneurs pitch an endless stream of Ideas. Everyone argues over which can work. A few attract funding. Most fail. This competitive market process ensures only the best survive.
Businesses aren’t charities. They are money-making ventures that exist by and for profit. Everything else is a bonus.
Adjusting for inflation, that a regular NES and 30 games would be about $2450 in 2015 dollars. And we can get all that today for $70. That’s a 97 percent price decrease without adjusting for quality
We do not think it means what you think it means. There are a lot of polls about what millennials think about capitalism and socialism. According to these polls, millennials like socialism, but not capitalism. But what do they mean by capitalism and socialism? For reference, here are the definitions of capitalism and socialism according […]
The Washington Post recently blared the headline: “Majority of Millennials Now Reject Capitalism, Poll Shows.” I suspect, perhaps unfairly, that this is a matter of some pleasure for the Post’s editorial board. But if you actually read the article, a different picture emerges. In fact, 42 percent of the millennials polled say they support capitalism. […]
Note: This piece is dedicated to my mom, as I celebrate my first Mother’s Day without her. With Mother’s Day upon us, it’s worth taking a moment to consider the vision of motherhood that we normally celebrate on this day. The holiday’s origins, interestingly enough, come from celebrations of the role of mothers in the […]
“If we look at the history of the world, a huge fraction of the improvements in standard of living has come because private businesses have created new products, have given people jobs, have generated profits that raise people out of poverty and allow them to live fruitful and productive lives with reasonable standards of living.” […]
You hear the words “socialism” and “capitalism” thrown around a lot, but what do they really mean? And what are the pros and cons of each system? In this special On Demand program, we take an honest look at these concepts and explore the practical and philosophical issues behind them. Is socialism a fairer system […]
From The Atlantic’s Marian Tupy: Let us start at the well of the socialist renewal, the Vermont senator. Sanders, as everyone knows, calls himself a “democratic socialist.” The word “democratic” is fundamental here, because historically socialism has not, typically, come about as a result of free and fair elections. In most socialist countries, like the […]
Capitalism is frequently misrepresented on the news, on social media, and in numerous other places. These sources portray the big, evil company as the “dark side”, which is personified by a CEO. In contrast, the “mom and pop” small business owner is heroic – that is, until they become a “big player” and start “exploiting” […]
In this On Demand Program, our professors will explain the means and ends of arguments for social justice through the lens of classical liberalism. You’ll learn more about how to adapt your own arguments to fit the critiques of markets and individual liberty that come from advocates for social justice. Then we’ll look at the […]
The following is an excerpt from Don Boudreaux on his blog, Cafe Hayek. Be sure to click through and read the whole post. Deirdre [McCloskey] acknowledges that a great deal of exploitation has occurred throughout history – exploitation that enriched some people and impoverished others. (Indeed, such exploitation continues to occur in various forms and degrees.) […]