A fundamental principle of the Socialist doctrine is that of class antagonism. The bourgeois, or the "rich", its proponents contend, are necessarily in conflict with the working proletariats as the former seeks to enrich themselves as much as possible at the expense of the latter receiving lower wages than he considers appropriate for his work. … Continue reading Five Ways State Interference Leads to Class Antagonism
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?
I used to be relatively passive to Bitcoin and crypto-currencies in general. I was long persuaded by Peter Schiff's argument that Bitcoin was a bubble that would "have a very short life" due to its lack of intrinsic value and speculative nature, and that it therefore does not fulfill Aristotle's five criteria for good money. … Continue reading What Good has Bitcoin Done for the World?
The World Economic Forum recently asked readers for their ideas on how to answer six questions they identified that they proclaim "we must address to make Globalization 4.0 work for all." Suggestions can be sent in the form of short videos under a minute. Such shortness is not my strongest trait, but I wanted to … Continue reading Answers to World Economic Forum’s 6 Key Questions on “Globalization 4.0”