Speaking of Freedom of Speech

“If the freedom of speech is taken away, then dumb and silent we may be led like sheep to the slaughter.” –George Washington

The importance of the freedom of speech is underestimated by most people.

George Washington stressed the instrumental role of the freedom of speech — as a defense against oppression. But freedom of speech, like the right to be left alone, is also something of value in and of itself, even if there was no possibility of being oppressed.

I wrote this piece for India Current (June 2016 issue). I reproduce it here, for the record. Continue reading “Speaking of Freedom of Speech”

What’s wealth and where does it come from?

10 million years ago, there was no wealth on earth

Wealth comes from human action. It does not exist in nature although the ingredients from which wealth is derived through human action does exist in nature. A simple example illustrative example is hydrocarbons in the ground (coal, crude oil, natural gas, etc.) They simply exist in nature. Whether it is useful or not depends on the user. Primitive life forms on earth had no use for it. Dinosaurs did not dig up coal to use as an energy source. Even primitive hominids had no use for coal. Though coal existed for millions of years, it did not become wealth until modern humans figured out only a few thousand years ago that it was great fuel for fires.
Continue reading “What’s wealth and where does it come from?”