Tag Archives: Capitalism

Quote of the Week – George Orwell on Economic Competition

The trouble with competitions is that somebody wins them. This brilliant quote is taken from George Orwell’s review of Friedrich Hayek’s The Road to Serfdom and situated in a discussion of monopoly. Orwell contends that free market competition leads to … Continue reading

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Civilization Is a Plastic Spoon

Have you ever gone on a picnic and taken along disposable plastic cutlery, even though you have perfectly good re-usable cutlery at home? Think about that for a minute. You have someone drill into the bowels of the Earth for … Continue reading

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Quote of the Week: Ludwig von Mises on the Inferiority of the Masses

You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than … Continue reading

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Why I’m a Libertarian Part 3/4: Negative Externalities of Government

For part 1 of this series, see The Coercive Nature of Law. For part 2, see The Efficiency of Free Market Capitalism. The most popular argument against free markets among economically literate people is market failure. Non-libertarians who understand economics … Continue reading

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Why I’m a Libertarian Part 2/4: The Efficiency of Free Market Capitalism

For part 1 of this series, see The Coercive Nature of Law. Any large society faces the problem of social coordination: how do you get people to work together in a more or less coordinated and harmonious way? After all, … Continue reading

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