Bringing you lower quality and fewer choices since the 16th Century, reads the caption to the image of capitalism. The grim image of the evils of capitalism is captured in William Blake’s evocative phrase “the dark satanic mills.” Is it… Read More ›
Socialism
Getting There from Here
James Burke tells a story about a time when he and his team were lost in some place in Ireland. This was before Google maps and mobile phones. They asked a local for directions to some place who replied in… Read More ›
Ludwig von Mises on Socialism
“A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages; he chooses between life and death. A society that chooses between capitalism and socialism does… Read More ›
On Technology, Prosperity and Dysfunctional Ideologies
We take it as a given, almost a fact of nature like the seasons or the geography of continents, that different parts of the world enjoy different levels of prosperity. But there’s nothing “natural” about this since this is almost… Read More ›
Why Socialism Fails – Part 1
Ken Olson, co-founder of Digital Equipment Corp, said in 1977, “There is no reason anyone would want a computer in their home.” Even very smart people sometimes make statements which, in retrospect, are proven to be ridiculously mistaken. Technology is… Read More ›
