The idea of ordinary people enjoying luxuries and "unnecessary" items has long troubled intellectuals and aristocrats. But thanks to capitalism, ordinary people can now enjoy the basic pleasures the ruling classes have long seized for their own.
Ideally, political elites would like nothing more than state-sponsored ethnic conflict. Having multiple groups pitted against each other in petty political squabbles makes effective opposition against the managerial class virtually impossible.
Christopher Calton reviews David Skarbek's insightful book on prison social order, which shows how informal governance systems form and operate in a surprising environment.
Ryan McMaken and Tho Bishop debate whether Ebenezer Scrooge's words and actions teach us important economic truths, or if he's just an ignorant crank.
Yes, capitalism is more efficient than socialism, but to build a compelling argument for free market capitalism, defenders of liberty must also articulate that it is a superior moral system.
Market progress through entrepreneurship and innovation means increased production. In a world of scarcity, that benefits all of us in society. That makes it a positive-sum game.
Market progress through entrepreneurship and innovation means increased production. In a world of scarcity, that benefits all of us in society. That makes it a positive-sum game.
Millennial Sam Jacobs went off to college a wealthy but normal young man and came back a socialist. Suddenly his family’s “extreme, plutocratic wealth” became too much of a burden for him.
The Boston Tea Party was an opening act in what came to be a violent culture war and war of national liberation. And it helps us understand how America in 2020 could become as bitterly divided as America during the revolution.
