Socialism’s three-legged stool: Envy, ignorance, and faith

When democratic socialists were asked what they would build in place of Amazon’s HQ2 now that Alexandria Ocasio-Cortez had chased it out of Queens, the response was “a guillotine.” That reply, contained in an insightful and in-depth portrait of young socialists in New York magazine, perfectly illustrates the difference between the worldview of secular collectivists and those who believe in the free market. Continue Reading...

Harry Potter: Venture Capitalist

I recently read the first Harry Potter novel to my six-year-old son Brendan, then watched the film with him. It was all the fun I hoped it would be: he is just the right age for it — excitedly asking what is going to happen next and jumping and cheering at the end. Continue Reading...

The Parable of the Long Spoons explains free markets

“How can we explain this emporiophobia—a fear of markets—given the overwhelming evidence that such institutions provide the greatest wealth, health and happiness for humankind?” When economics professor Paul Rubin asked that question he answered by saying that we need to shift the metaphor of markets from “competition” to “cooperation.” Cooperation isn’t just more important in the economic sphere—it’s also more common. Continue Reading...