Despite the great abundance a relatively free market has brought to the world at least since the industrial revolution, there's no lack of critics who seek to overhaul and replace it with a more ideal system in light of their values and ideologies. The system we're living under encourages greed and numbs people to a … Continue reading Individual Responsibility and the Pursuit of Meaning and Happiness in a Free Market
Given the State's far-reaching involvement in various aspects of our lives today, it's clear that the absence thereof would at least to some degree have led to an alteration of the social and economic arrangements presently characterizing our societies. Anarchists all agree that a stateless society would, generally speaking, turn out better than a Statist … Continue reading Entrepreneurship in a Stateless Society
Despite the horrific experience with Socialism across the world throughout the 20th century, the doctrine still maintains plenty of followers and has been growing especially since the Great Recession. "It wasn't real Socialism," they proclaim. While the Statist Socialists, most of whom call themselves "Democratic Socialists", contend that their system could work as long as … Continue reading Why Socialism Leads to Totalitarianism and Vice Versa
Perhaps the most common theme in the mainstream discussion about economic matters today is that of inequality of wealth and income. The United Nations, for instance, has taken on the challenge to reduce inequality "within and among countries" as their 10th Sustainable Development Goal. "Economic growth," they proclaim, "is not sufﬁcient to reduce poverty if it … Continue reading What’s the Big Deal About Economic Inequality?