The Major Cause of Mass Poverty in Sudan
Sudan has neither the governmental nor social institutions that allow people to develop and build wealth. Instead, people get handouts from the West, which does nothing to reduce poverty.
Sudan has neither the governmental nor social institutions that allow people to develop and build wealth. Instead, people get handouts from the West, which does nothing to reduce poverty.
Do we have a right to sunlight? How do we assert those rights? Murray Rothbard provides some answers.
The presence of a "natural monopoly" is supposed to be a sufficient reason for government to intervene in the economy. But what if there truly is no such thing as a "natural monopoly"?
Jamaica is on the road to becoming a republic, but will that lead to economic freedom or to the statism that has held back that country since independence from Great Britain?
While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars.
As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.
Leftists claim that developing nations are poor because Western nations once practiced colonialism. The truth is that empires do not foster economic growth.
Leonard Read asked how we preserve liberty in a culture that doesn't appreciate it. Liberty cannot come through force and organization. It comes from within oneself.
During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics.
Even though Barbados and Jamaica had more similarities than differences when they became independent of Great Britain, Barbados developed its economy much more quickly.