I was taught in childhood that Democracy is by the people, for the people, and of the people, maybe it was a goof by my teachers because what I have seen is Democracy has now become Buy the people, for the selective people, and off the people. Why do we like Democracy, what’s so idiosyncratic about this system that distinguishes it from other
It won’t be away from anyone’s knowledge not to observe the way many active celebrities favor collectivist ideology. Most probably the answer to why intellectuals favor socialism or collectivism is answered clearly. Unlike in the twentieth century, actors and athletes are more popular than scholars. Therefore, the new concern should be why these
Before beginning, I am highly grateful and impressed by the success and spread of my previous work “Consumers, Workers, and Monopolies: Free Markets Serves All.” The article aimed to give a brief explanation of the importance of consumers in Markets and it will be continued further . The market can be controlled either by consumers or the
India is currently the seventh-largest country in the world with the largest youth population. There are many elements that make this country unique, the foremost being diversity—diversity of culture, race, ethnicity, and linguistics. India faced an era of colonialism under the British, who would take raw material from India at cheaper rates and
Despite the massive intellectual feat that Marx’s Capital represents, the Marxian contribution to economics can be readily summarized as virtually zero. Professional economics as it exists today reflects no indication that Karl Marx ever existed. —Thomas Sowell If socialists understood economics they wouldn’t be socialists. —F.A. Hayek Karl Marx
Currently, the brawl between the so-called left wing and right wing has taken places in India. Nationalism is on the rise, as the BJP (Bharatiya Janata Party) is in power, and those who oppose them are generally called leftists or liberals, these two terms are very often used interchangeably. Leftism is known for socialism, communism, anarchism,
Consumers aren’t a section of society; they are not different from others. Anyone who buys goods and services is simply a consumer. In a modern economy, a consumer can buy goods and services with help of a tool called money. Undoubtedly, money is a very important tool, and it is money that assures a basic consumer right. Even producers and sellers
In 1991, India’s political leaders moved away from socialism, embracing markets and improving the economy. But Indian elites continue to push socialism to the detriment of the people. Original Article: “Capitalism Has Improved Life in India, but the Spirit of Collectivism Still Dominates” This Audio Mises Wire is generously sponsored by
Among Mises’s contributions was his doctrine of consumer sovereignty in a free market. Original Article: “Consumers, Workers, and Monopolies: Free Markets Serve All” This Audio Mises Wire is generously sponsored by Christopher Condon.
In 1944, F.A. Hayek’s best-selling book, The Road to Serfdom , warned the West that the “free” nations would lose their freedom as government expanded. He was right. Original Article: “ They Didn’t Listen: The Reality of Hayek’s
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.