It is a great irony that visions of socialist harmony necessarily result in rancorous and destructive struggles among groups with contradictory visions of the good society. It is perhaps equally ironic that profit-driven competition in markets results in the highest attainable degree of social harmony. Yet, this is how the world really works.
The notion of limited government is incapable of being realized in practice. If there is a monopoly government, any limitations on the government must be ones the government has imposed on itself. To expect this sort of limitation to be effective is futile.
It is a fact that severe poverty has disappeared in the most industrialized countries. The wealth of the first-world welfare states was made possible by those countries’ turn toward free markets in the past. Likewise, the turn toward more free markets in the developing world has reduced poverty there.
Government intervention in health care has driven up health care prices.
SUMMER WORKSHOP 2005
Wednesdays, 2:00pm (unless otherwise noted)
Robert Murphy, Hillsdale College
Joseph Salerno, Pace University
The Latin root of radicalism is radix for “root,” and in this week-long Steve Berger Seminar, the roots and reach of both libertarian and Austrian theory are covered by a leading authority: Professor Walter Block of Loyola Uni
Sponsored by James M. Wolfe.
In honor of the late Murray N. Rothbard, S. J. Hall Distinguished Professor of Economics, University of Nevada, Las Vegas.
Sponsored by Weaver Popcorn Company
Every government-based stimulus that has ever been tried has failed. This one is no different except that the failure might end up even more catastrophic.
