Topic: Capitalism

Capitalism, Environmentalism

Worried about Climate Change? Count Your Blessings!

– October 22, 2018

We have been liberated from the foulest and most lethal environmental hazards that cursed our pre-industrial ancestors.

Capitalism, Free Markets

Your Ticket to Capitalism Is Free

– August 14, 2018

The consumer surplus that we derive from buying water, and other items, is enormous, almost incalculable. The fact that all of these products, services, and useful things are available to us at low prices seems automatic, nothing very interesting or important. In fact, the capitalist system operating in the background is performing miracles of production, logistics, and delivery, all to make sure that prices are low.

Capitalism, Free Markets, Property Rights

Cities Offloading Public Property

– April 6, 2018

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.

Capitalism, Free Markets

Smart Contracts Provide an Alternative to Legal Enforcement

– November 14, 2017

This is the second in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.

Capitalism, History

Rent-Seeking as a Threat to Modern Capitalism

– March 15, 2017

What is the best way to ensure fairness and free competition in our economy? Many people believe that a large government that actively regulates the private sector will prevent large corporations from achieving undue market power. But this view ignores the concept of rent-seeking.