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Tag Archives: poverty
North Korea’s Coming Capitalist Revolution
North Korea is on the verge of a political revolution. The worst thing South Korea and the United States can do is take North Korea’s bait and isolate it even further. Continue reading
Posted in Current Events, Politics
Tagged Capitalism, famine, Korea, North, poverty, Socialism, War
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War Drums
Current events on the Korean Peninsula can be nothing more than manipulation by North Korea in order to consolidate power within the hands of the post-Kim Il-Jon generation of militants. Continue reading
Posted in Current Events
Tagged dictatorship, instability, Korea, North, Politics, poverty, War
5 Comments
Thank Goodness for Capitalism
It’s only because of capitalism that some of us enjoy not having to think about how we’re going to put bread on the table. Continue reading
How Franklin Roosevelt Damaged America
Burton Folsom Jr. provides a telling history of Franklin D. Roosevelt’s administration during the Great Depression, returning a sense of accuracy to the story. The president’s New Deal concluded in continued plight and poverty for the average American, while foreign countries were already pulling out of their own economic quagmires. Despite these failures, today’s leaders promise the same. Continue reading
Posted in Books
Tagged Burton, Folsom, Government, New Deal, New Deal or Raw Deal?, poverty, Roosevelt, spending, taxes
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Minimum Wage Welfare
The minimum wage has not guaranteed the same standard of living throughout the ages. Compared to employees in 1956 and even the 1970s, minimum wage earners make less today. The problem is not that there is too little welfare, it’s that there is too much welfare. The government is running the printing press to afford it, and it is inflating the dollar. Continue reading
The Green Economics of the Carbon Tax
World governments mean to impose on local and foreign goods taxes in order to punish them for high emission of so-called greenhouse gasses. These taxes fail to take into consideration the possibility that their ecological theories are wrong, but more importantly they do not guarantee a decrease in the production of these greenhouse gasses. They only guarantee more widespread poverty. Continue reading
Why Capitalism Has Failed in the Third World
Hernando de Soto presents the solution to solving poverty in the Third World. The answer lies in private property rights, which he shows are virtually non-existent in countries suffering from severe economic woes. Continue reading
Why Not Legalize Theft?
Obama’s universal health care proposal only benefits the few in the expense of the majority. And, ultimately, even those few that benefit from the system will be negatively effected by the inevitable drop in productivity that will come as a result of an increase in taxes. Continue reading
Posted in Politics
Tagged business, Care, Government, Health, Healthcare, Investment, Obama, poverty, Taxation, taxes, Theft, Unemployment, universal, welfare
33 Comments
Zionism’s Losing Battle
Zionism is doomed to failure, and the only Middle East peace solution is a dissolution of government and the return of economic and social freedoms to both the Jews and the Arabs. Continue reading
Posted in History, Property
Tagged Anarchism, anarcho-capitalism, burden, Capitalism, Government, impoverishment, militancy, Palestine, Palestinians, poverty, Private, Property, Socialism, terrorism, Violence, Zionism
4 Comments
Out of Work: Lessons for Europe
The world is facing spiraling unemployment: especially Europe and the United States. According to the Economist, unemployment in the United Kingdom rose to 7.6% up to May 2009. Spain’s labor force is facing 17.4% unemployment. The Ecounemployment in eu and usnomist suggests that those unemployed are shifting the blame to foreign workers, who are willing to work for lower wages (and may have more experience), but then says that a more realistic scenario is that the increase in unemployment is due to an increase in the minimum wage. Continue reading
Posted in Theory
Tagged Bubble, Credit, Depression, Economics, europe, Government, nominal, poverty, real, Unemployment, wages, Wealth
3 Comments