From 1965 to 1995, Botswana recorded the fastest rate of economic growth in the world. The spectacular success of Botswana has baffled many analysts, because after securing independence in 1966, Botswana’s prospects were unpromising. After all, Botswana is landlocked and on average, the record of such countries is unimpressive. But geography was
Globally, there is a movement to remove the residues of Western imperialism from all quarters of society. Throughout the world, monuments dedicated to Western explorers and statesmen are being toppled. Activists in the developing world and their allies in the West assert that developing countries must be permitted to chart a new course without the
In the American imagination, China is on course to overtake America as an economic superpower. Commentators and average Joes alike are mesmerized by China’s manufacturing prowess and the swift ascent of Alibaba. On the nativist right, the rise of China is so intimidating that many propose industrial policy as a tool to enhance domestic
The implementation of voter ID laws to prevent fraud has led some to argue that voting rights are under assault by the state. But this mistaken assumption is predicated on a false premise, because voting is not a right. Rights exist independent of the political regime, so even though communist states abrogate human rights, this does not alter the
The benefits of privatization are well documented by empirical studies , so they will not be rehashed in this piece. Yet many still assume that some commodities are beyond privatization. Too often proponents of privatization fail to appreciate that humans are sentimental characters, and as a result, they are unwilling to commodify resources deemed
Preserving culture is so crucial to a group’s identity that it has become sacred. For many the contents of culture don’t matter as long as they are preserved. But such a nihilistic approach to culture has led to failure and will continue to do so. Culture is a social technology that allows societies to function within a specific institutional
Stories cannot substitute for historical facts even when people want these stories to be true. With the influence of Black Lives Matter, resurrecting the atrocities of Western colonialism has become fashionable. The death of George Floyd revived a torrent of anticolonialism sentiment in Western societies fueled by resounding demands for
People are constantly told to follow their dreams, but doing so is futile without execution. Dreaming is a blueprint for future success; however, some people live in the dream instead of working to make it a reality. Ambition is insufficient to reap success, and many fail to realize their potential. Success is only actualized when you stop
Status inequality is inevitable due to the uneven distribution of talent. Even in poor societies, talented people eclipse their peers by joining the ranks of the elite. Inequality is an indication that ability is recognized by society. The absence of inequality suggests that talent is uncultivated. Failure to cultivate talent hampers the
Technocrats frequently pressure the US government to increase R and D as a strategy to upstage China. The assumption is that public R and D will lead to innovation and economic growth because research generates the science that spurs innovation. Yet the formula is mistaken, for history has shown that science often lags technology. Innovations
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.