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Sham Privatization in Greece

Sunday, July 3rd, 2011 by posted in Capitalism, Economics, Regulation, Socialism.

As part of the “austerity” measures just passed by the Greek Parliament, the state will be raising taxes about $40 billion over the next five years. The Greek state had to pass these measures to qualify for a $16 billion

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CUPW and the Curse of Machinery

Thursday, June 30th, 2011 by posted in Capitalism, Economics, Education, History, Politics, Socialism, Trade.
Economics in One Lesson

“King Ludd”, Leader of the Luddites. All he needs is a mailbag!   The Canadian Union of Postal Workers recently proposed that “[i]nstead of replacing antiquated community mailboxes, the Corporation should provide door-to-door delivery”, in order to, among other things,

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Is the Name “Capitalism” Worth Keeping?

Tuesday, June 28th, 2011 by posted in Capitalism, History, Philosophy, Socialism.
Enjoy Capitalism

Originally published in two parts in The Freeman Online, December 31, 2009 and January 7, 2010. It has been edited for continuity. One of the more interesting developments in the wake of the Great Recession is the use and abuse of

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Unbundle Healthcare

Saturday, June 25th, 2011 by posted in Economics, Health Care, Regulation, Socialism.

The argument goes like this: State provided goods are cheaper because unlike the private sector the government doesn’t have to worry about making a profit. The state can just charge its customers (tax payers) the cost of production, transport, and

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Some Advantages of Austrian Economics in the Defence of Markets

Thursday, June 23rd, 2011 by posted in Capitalism, Economics, Education, History, Methodology, Regulation, Socialism.
menger

What are the potential benefits in being familiar with Austrian economics? This is the question that I hope to at least partially answer here. I study economics at the Department of Food, Agricultural and Resource Economics at the University of

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Competition in Mail Delivery: An Idea Whose Time Has Come

Thursday, June 16th, 2011 by posted in Capitalism, Economics, History, Socialism.
1989_Stamp

Originally Published in the Mid-Atlantic Journal of Business Studies, Fall, 1989. Now that the latest round in the perennial strike of the Canadian Union of Postal Workers (CUPW) against the public is ended, this gives us an opportunity to reflect

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Bring On the Lockout

Wednesday, June 15th, 2011 by posted in Capitalism, Economics, Socialism.
Canada post can't break the lock of email on the future.

Today the CBC reports that Canada Post has temporarily closed shop and locked out its unionized, striking workers. “Mail delivery across the country has halted.” The mind boggles as it tries to understand the position of the CUPW workers. As

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Poor Relief in Ancient Rome

Thursday, May 5th, 2011 by posted in Economics, History, Socialism.
Bread_and_Circuses_206

Instances of government relief to the poor can be found from the earliest times. Though the records are vague in important particu­lars, we do know a good deal about what happened in ancient Rome. A study of that case may

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Marx’s View of the Division of Laborx

Monday, May 2nd, 2011 by posted in Capitalism, Economics, History, Socialism.
soviet propagandaposter_labour

The division of labor is a sub­ject which has fascinated social scientists for millennia. Before the advent of modern times, phi­losophers and theologians con­cerned themselves with the im­plications of the idea. Plato saw as the ultimate form of society a

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Why Marx was wrong…

Monday, April 25th, 2011 by posted in Capitalism, Civil Liberties, Economics, Socialism.

A few interesting pieces today A review in the Libertarian Papers of Eagletons tour de farce Why Marx Was Right. http://libertarianpapers.org/articles/2011/lp-3-11.pdf Of course from an Austrian perspective Eagleton completely ignores the fundamental failing of Marxism, Socialism, Communism – the inability

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The Pied Piper of Hansen

Monday, April 11th, 2011 by posted in Civil Liberties, Environment, Socialism.
James Hansen - Leading the lemmings

Originally posted on Friday, December 11, 2009 at Mises.org It might take a while to sink in, but the global-warming cause is on the skids. Two issues are taking the whole project down: it is getting cooler not warmer (and

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The Myth of Free-Market Healthcare

Wednesday, April 6th, 2011 by posted in Capitalism, Economics, Health Care, Socialism.
obama-healthcare

The AMA Monopoly While most people believe that our healthcare industry is one comprised of free markets, it is anything but. The industry is completely distorted by government manipulation.[ref] The introductory paragraphs that follow, and most historical facts and figures

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Going After the Reserve Fund

Tuesday, April 5th, 2011 by posted in Capitalism, Economics, Politics, Socialism.

In an attempt to replicate the success of Jean Chretien’s famous “red book”, Michael Ignatieff released the Liberal Party’s platform on Sunday. There’s little point in analyzing the pros and cons of the spending proposals, whether it’s the $490 million

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Subsidies to Early Canadian Railways

Tuesday, April 5th, 2011 by posted in Capitalism, History, Socialism.
Smith and Others.

According to Joseph Stromberg, “Aside from protection of American manufacturers, perhaps the most flagrant wartime and post-war subsidy consisted of funds lent and land given to the railroads by the federal government to encourage railroad growth. Between 1862 and 1872,

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Atlas Shrugged — the Movie

Monday, March 28th, 2011 by posted in Capitalism, Education, Philosophy, Politics, Socialism.

A film version of Ayn Rand’s novel, Atlas Shrugged, is going to be released on April 15. Given the size of the novel, this movie is not going to cover it all. Two more parts are planned. For those of us who live

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The Poor

Monday, March 28th, 2011 by posted in Capitalism, Economics, Politics, Socialism.
Poor_2

Socialists commonly cite the existence of the poor as a reason for socialism, and they claim that their concern for the poor shows compassion and morality. Since the topic of poverty is a key battleground in the war of socialism

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Still Defending Marx

Sunday, March 20th, 2011 by posted in Economics, History, Politics, Socialism.

Yes, there are still prominent intellectuals to be found willing to put their support of Marxist economics in writing. One of them is Terry Eagleton, an influential British literary critic, who has just published Why Marx was Right. I haven’t read

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Classical Liberalism and Property

Friday, March 18th, 2011 by posted in Capitalism, Economics, History, Socialism.
Yeoman_Farmer

Human society is an association of persons for cooperative action. As against the isolated action of individuals, cooperative action on the basis of the principle of the division of labor has the advantage of greater productivity. If a number of

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Portugal’s Plight: Social Democracy at Fault

Monday, March 14th, 2011 by posted in Economics, History, Politics, Socialism.

That is the title of a paper which I will be presenting later this month at the Prague Conference on Political Economy to be held at the CEVRO Institute. It’s an academic, and more explicitly Austrian, elaboration of a thesis

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Carter’s Energy Fascism

Friday, March 11th, 2011 by posted in Capitalism, Economics, History, Socialism.
white house solar panels

Several months into his new administration, President Carter was worried. Oh, his image with the public was doing just fine: the cardigan sweater, the phone-ins, the fireside chats, had raised his personal popularity to stratospheric heights. Image is all well

976 comments