It is certainly true that our age is full of conflicts which generate war. However, these conflicts do not spring from the operation of the unhampered market society. It may be permissible to call them economic conflicts because they concern that sphere of human life which is, in common speech, known as the sphere of economic activities. But it is a serious blunder to infer from this appellation that the source of these conflicts are conditions which develop within the frame of a market society. It is not capitalism that produces them, but precisely the anticapitalistic policies designed to check the functioning of capitalism. They are an outgrowth of the various governments' interference with business, of trade and migration barriers and discrimination against foreign labor, foreign products, and foreign capital.
November 16, 2023 Xi Jinping is Right About the U.S. Empire
On the eve of Chinese President Xi Jinping’s current visit to the United States, the New York Times published an article detailing some of Xi's thoughts about the United States. The article states: In Mr. Xi’s telling, China sought to rise peacefully, but Western powers would not accept the idea that a Communist-led China was catching up and could someday overtake them ...
Reform, Replace, or Repeal? by Laurence M. Vance
The U.S. government is a monstrosity. With its four million employees and annual budget approaching $7 trillion, there is no other way to describe ...
The Classical Economists: Frédéric Bastiat by Jacob G. Hornberger and Richard M. Ebeling
In this week's Libertarian Angle, Jacob and Richard discuss the significance of the classical economist Frederic Bastiat. Go ...
School Choice and American Taxpayers by Laurence M. Vance
Conservative and libertarian proponents of “school choice,” that is, government-provided educational vouchers that allow low-income...
