Markets do not fail so much as courage and imaginations do.
"Anything that our eyes could see, that our noses could smell, that our mouthes could taste, and that our ears could hear had to fit the [communist] ideological framework. Quite literally, the state expropriated my body."
The enthusiasm for imperious government impositions at the level of cities and states has waned dramatically. Governments are out of money. More importantly, they are out of ideas. All the most exciting innovations of our time come from the private sector and the brilliant process of market competition. With stretched budgets and a dearth of new ideas, government has nothing to lose by just selling assets lot by lot.
The classic story of Peter Rabbit is ultimately a tale about property rights: where they come from, how they are enforced, and the consequences of their violation. Here is the core of what makes the film remake of this story so wonderful. It challenges us to think carefully about the topic, and, as a bonus, offers up a Humean-Misesian view of property (an improvement over John Locke) and its meaning in our lives.
Vol. XLIX No. 11 | November, 2009
Vol. XLV, no. 5 | May, 2005
Vol. XLII, no. 11 | November 2002
by Benajmin Powell