It’s safe to say that every rational individual — one who is emotionally and intellectually competent — values freedom over enslavement by others. Then why do so many people choose “voluntary servitude”? Why don’t they struggle against their oppressors? What do they hope to gain by their voluntary submission? Why don’t they understand that most of the misery they suffer is because they lack freedom?
I believe that the problem stems from two factors. First, they have become accustomed to not being free. Born into servitude, they consider it to be as unalterable as a fact of nature. Having never experienced freedom they cannot imagine what it means to be free. Second, it is not easy to make the necessary connection between freedom and human flourishing. It does take a lot of intellectual effort to understand the analytical case why freedom is essential for prosperity, and that no individual can reach his potential if he lacks freedom. Continue reading “David Boaz – An Introduction to Libertarian Thought”
Magic tricks are fun. It could be because it is fun to be deliberately fooled and there’s the bonus we get when we figure out how and why we get fooled. I have spent long hours watching videos of magic tricks. An outstanding show is Penn & Teller’s “Fool Us” series. The format is standardized: magicians do their act, and then Penn & Teller have a shot at figuring out how the trick was done. If they can’t guess — if they get fooled — then the successful magician gets a trophy and gets to appear on P&T’s Las Vegas show.
Siddhartha Gautam, aka Sakyamuni (the sage of the Sakyas), became a buddha around 2,500 years ago. Today, known as Buddha Purnima, the day of the full moon in May, is celebrated as his birthday. Here’s the Chinese singer Imee Ooi singing the Prajna Paramita Hridaya Sutra, aka The Heart Sutra. Listen.
I am persuaded that the word ‘democracy’ is one of the most abused words in India (another being ‘secular’.) The common people certainly don’t know what it really means or entails, but even the “intellectuals” (second-hand dealers of ideas, as Hayek defined them) and assorted pundits have only a feeble grasp of the concept at best.
The ever wise wiki states that the word culture “is an umbrella term which encompasses the social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups” and that “humans acquire culture through the learning processes of enculturation and socialization, which is shown by the diversity of cultures across societies.”
The world has an abundance of great intellectual giants in all sorts of domains, some living and some dead. Most of us can gain a lot of knowledge and wisdom from them — if we had the time, the motivation, the inclination and the ability to do so.
In a comment 
“The tragedy of collectivist thought is that while it starts out to make reason supreme, it ends by destroying reason because it misconceives the process on which the growth of reason depends. It may indeed be said that it is the paradox of all collectivist doctrine and its demand for the “conscious” control or “conscious” planning that they necessarily lead to the demand that the mind of some individual should rule supreme — while only the individualist approach to social phenomena makes us recognise the super-individual forces which guide the growth of reason. Individualism is thus an attitude of humility before this social process and of tolerance to other opinions, and is the exact opposite of that intellectual hubris which is at the root of the demand for comprehensive direction of the social process.”
Atanu Dey : Life is a Random Draw 
Prabhudesai referred to JEE (Joint Entrance Exam) in a comment and wrote, “An examination that has too much of competition resulting to very high cost of producing one engineer. For a poor country like India it is a massive blow.”
Is that type of competition good? That is socially wasteful competition. It belongs to a broad class of activities that are technically known as “rent seeking.”
One of the principal ways of obtaining wealth is by earning a profit. Profits are the difference between the cost of producing something and the price obtained from its sale. Profits indicate that wealth has been created and value delivered. Rent seeking occurs when one attempts to obtain some wealth without actually creating wealth.
Continue reading “A Bit on Rent Seeking”