Venezuela’s Bastiat Society Chapter Prepares Young Entrepreneurs for Better Days Ahead
When positive change finally does come to Venezuela, the nation will have its chapter of the Bastiat Society to thank for growing and maintaining the bottom-up foundation of a free market economy.
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Liberal Capitalism as the Ideology of Freedom and Moderation
Classical liberals and libertarians consider that their defense and insistence upon a principled practice of individual liberty and competitive free markets is no less of a moral necessity and calling than earlier demands for ending infringements on personal and social freedom that were widely taken for granted.
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Worried about Climate Change? Count Your Blessings!
We have been liberated from the foulest and most lethal environmental hazards that cursed our pre-industrial ancestors.
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Your Ticket to Capitalism Is Free
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.
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Cities Offloading Public Property
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.
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Smart Contracts Provide an Alternative to Legal Enforcement
This is the second in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.
READ MORERent-Seeking as a Threat to Modern Capitalism
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.
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