Capitalism, cronyism, and socialism

Wikipedia “Having a heart for the poor isn’t hard. Having a mind for the poor…that’s the challenge.” –Poverty, Inc. This quote from the documentary Poverty, Inc. highlights the reason why so many people are willing to give their money to foreign aid, without necessarily understanding its harmful effects.  Continue Reading...

It’s All in Bastiat!

“It’s all in Plato, all in Plato: bless me, what do they teach them at these schools!” – Digory Kirke in C.S. Lewis’s The Last Battle The way Professor Kirk feels about Plato is how I feel about Frederick Bastiat. Continue Reading...

Socialism will create economic destruction — and already has

Erhard, Ludwig Ludwig Erhard, 1962. UPI—Bettmann/Corbis While some may find Socialism inviting on the surface, history tells us that it leads to “chaos.” Research Director for Acton Institute, Samuel Gregg, wrote a recent piece for The Stream in which he reveals the reality behind an ideology now gaining popularity. Continue Reading...

Daniel Hannan on the Conservative Case for Brexit

In the hubbub surrounding Brexit, many conservatives have cheered the United Kingdom’s vote to leave the European Union, hailing it as a win for freedom, democracy, and local sovereignty. Yet for those who disagree, support for Brexit is painted as necessarily driven by fear, xenophobia, and protectionism.  Continue Reading...

Nintendo, Economic Development, and Asceticism

Photography by Larry D. Moore Today marks the 20th birthday of the Nintendo 64 (N64) gaming console. Don Reisinger offered a great tribute at Fortune: On this day in Japan 20 years ago, Nintendo introduced the gaming system, among the first consoles to create realistic-looking 3D worlds filled with monsters, soldiers, and blood. Continue Reading...

Whose Status Do You Want to Raise?

In a recent comment about neo-reaction (forget about that for now, this isn’t about neo-reaction), economist Arnold Kling says “a major role of political ideology is to attempt to adjust the relative status of various groups.” One outcome of this is that, … every adherent to an ideology seeks to elevate the status of those who share that ideology and to downgrade the status of those with different ideologies. Continue Reading...