How One Entrepreneur Is Waging War on Poverty in Africa
Behind every successful entrepreneur is a cause or passion that pushes them to persevere even though the toughest situations. For Richard Branson, his desire to create a more reliable and affordable air travel experience for consumers helped him navigate the exhaustive regulatory hurdles that stood in the way of creating Virgin Airlines. For Dr. Devi Shetty, his desire to make heart surgery more accessible to the masses fueled him as he used ...
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The Myth That People Work Harder Under Capitalism
In the not so distant past, people didn't work hard, but not for the reasons the ahistorical or socialists think. There were no happy peasants laboring a few hours in the fields and spending the rest of the day in leisure. They were starving and had no energy to work hard. Far from an idyllic life, watching one’s children suffer from malnutrition and being too weak to help must have been a hellish experience.
The Nutritional Trap
In his book ...
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The “New Economy” Enriches Us All
(Don Boudreaux)
TweetIn this New Republic essay on the coalitions that make-up the Democratic Party, Christopher Caldwell writes the following (emphasis added):
Two titans of the finance world (Michael Bloomberg and Tom Steyer) sought to win the Democratic nomination by funding their own and various down-ballot candidacies. (Both would eventually back Biden.) There was also one impecunious primary candidate who had some original ideas about ...
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Fritz Haber and Carl Bosch: The Inventors of the Haber-Bosch Process | Heroes of Progress | Ep. 2
Fritz Haber and Carl Bosch: The Inventors of the Haber-Bosch Process
#HeroesOfProgress⚡️ Ep. 2
The discovery of the Haber-Bosch process meant that for the first time in human history it became possible to produce synthetic fertilizers that could be used on enough crops to sustain the Earth’s increasing population.
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Learn more: ...
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Friedman Fundamentals: The Economic Gains Of Risk-Taking
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An Untold Economic Miracle: The Human Prosperity Project
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Private Property's Harvest by John Stossel | Capitalism Magazine
I’m thankful.
Yes, we’ve got the pandemic, lockdowns, a worsening deficit, etc. But we still live in a relatively free country at the most prosperous time in human history.
The pandemic showed that when people are faced with crises, we adjust. Restaurants switched to takeout and outdoor dining. Grocery stores began curbside pickup. Companies mass-produced masks, hand sanitizer, ventilators and, now, vaccines. I hide from COVID-19 by staying ...
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Giving thanks for the magic of the marketplace, the invisible hand of strangers, and no turkey czars
This Thanksgiving post has been an annual tradition at CD and I feature a slightly revised version again this year!
Like in previous years, most of you probably didn’t call your local supermarket ahead of time and order a Thanksgiving turkey this year. Why not? Because you automatically assumed that a turkey would be there when you showed up, and it probably was there when you appeared “unannounced” at your local grocery store and ...
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A (Self-Interested) Reason to Be a Good Person
Why be good?
People have spilled a lot of ink on this one. There are countless bad arguments (“God commands it!” or, “Society says so!”), as well as more good arguments than you might guess.
Some are pretty simple—and while they aren’t full, rigorous systematic answers to the problem of “why” in morality, they’re useful heuristics for getting through life.
You might consider being good, for instance, because you want to be ...
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Political Freedom And Human Prosperity
Image credit: istockEssaysFeaturedvia Socialism and Free Market Capitalism: The Human Prosperity ProjectHoover Daily ReportOne of the oldest and most important questions in the comparative study of nations is the impact of different economic and political systems on human prosperity. What is the secret to developmental success? Is it capitalism or socialism? Or what degree of market orientation? Democracy or dictatorship? What kind of ...
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What Kanye West Gets Right (and Wrong) about Wealth, Economics and the Power of Innovation
Christian Genius Billionaire Kanye West has officially failed to become President Christian Genius Billionaire Kanye West, garnering only about 60,000 votes and failing to crack half a percent of the total in any state.
There were plenty of reasons not to vote for Kanye, including his famously erratic behavior, his complete lack of political experience, his failure to make it onto the ballot in most states, and the absence of any realistic path ...
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Norberg: Being an Optimist During a Pandemic - HumanProgress
Is it possible to be an optimist during a pandemic? I get that question a lot, since my recent book is about mankind’s progress over the last decades.
The answer is an unqualified “yes.” Because rational optimism has never assumed that the world will not face problems. We always have, and we always will. Rational optimism says that through the discovery of new knowledge, the innovation of new technologies and the creation of wealth, we ...
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Holodomor: The Unknown Horror of the 20th Century
Entrance to the Holodomor Victims Memorial Museum, Kyiv, UkraineHolodomor: The Unknown Horror of the 20th CenturyInternational Holodomor Memorial Day, Fourth Saturday in NovemberAs the holidays approach us, we are reminded to give thanks for the things in our lives we are most thankful for. For me, the fourth Saturday in November is dedicated to the remembrance of the millions of human beings who were murdered in the mass genocide by starvation: ...
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How to be fearless in the face of authoritarianism | Sviatlana Tsikhanouskaya
How do you stand up to authoritarianism? And what does it mean to be "fearless"? In this powerful talk, housewife-turned-politician Sviatlana Tsikhanouskaya describes her unlikely bid to defeat Belarus's long-time autocratic leader in the nation's 2020 presidential election. Painting a vivid picture of how small acts of defiance flourished into massive, peaceful demonstrations, she shares a beautiful meditation on the link between ...
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Ridley: Rejoice, the Earth Is Becoming Greener - HumanProgress
Amid all the talk of an imminent planetary catastrophe caused by emissions of carbon dioxide, another fact is often ignored: global greening is happening faster than climate change. The amount of vegetation growing on the earth has been increasing every year for at least 30 years. The evidence comes from the growth rate of plants and from satellite data.
In 2016 a paper was published by 32 authors from 24 institutions in eight countries that ...
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Why Everyone is Vulnerable When the Government Determines the Essentialness of Someone's Livelihood | Sam Bocetta
Did you ever think that there would come a time when going to work or meeting with consenting individuals would be acts punishable under the law? Or if going to a grocery store or something as basic as getting a haircut would be forbidden by the authorities?
To say that the coronavirus has changed the world as we knew it is an understatement. It has made practicing your free will a crime to a considerable extent.
The COVID-19 pandemic hit the ...
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Dead Wrong® with Johan Norberg - Consequences of the Berlin Wall
Free To Choose NetworkFree To Choose Network is a 501(c)3 global media company, producing thought-provoking documentaries and online series endorsing personal, economic, and political freedom through its production company, Free To Choose Media. Programming began in 1980 with the production of Milton Friedman's landmark series Free to Choose. Over the ensuing three decades, FTCN has produced more than 500 hours of intelligent, thought-provoking ...
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Quotation of the Day…
(Don Boudreaux)
Tweet… is from page 283 of Kristian Niemietz’s important 2019 book, Socialism: The Failed Idea That Never Dies:
Why do we so easily dismiss the massive gains that capitalism delivers and obsess over its shortcomings? Why are we so desperate for an alternative that we are prepared to give the most horrendous systems a free pass (at least for a while), provided they are not capitalist? Why are (or were) so many well-meaning ...
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17 Facts on the Reunification of Germany | Mitchell Nemeth
On November 9, 1989, two years after President Ronald Reagan’s historic speech imploring Soviet General Secretary Mikhail Gorbachev to “tear down this wall,” the Berlin Wall came down slowly as “wall woodpeckers” used hammers and picks to knock away chunks of the wall. Over the course of the weekend, more than two million East Berliners visited West Berlin to celebrate.
For decades, German families had been separated from one another ...
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Reflecting On Communism After 103 Years
November 7th marks the 103rd anniversary of the Bolshevik Revolution, where Communist revolutionaries overthrew the czarist government of Russia, eventually leading to the establishment of the Soviet Union. From there, Communism would spread throughout the world with the promise of liberating the working class and establishing a worker’s utopia. Countries like China, Vietnam, Cuba, North Korea, Cambodia, Laos, East Germany, and many more ...
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FAVORITES
Is life today bad? Or is it awesome? “Economics Made the World Great” shows changes that have taken place in the past three centuries that have made the world better. Can it be better still?
Jon Favreau’s heartwarming 2014 independent film, “Chef”, is a case study in entrepreneurial value creation. Even better, it shows us how we can achieve economic success and personal fulfillment simultaneously, provided that we figure out how to take our passions and turn them towards making other people’s lives better.
Magatte Wade was born in Senegal but spent much of her childhood in France. Growing up, she saw the extreme differences in wealth between Africa and Europe. This disparity sparked a question… Why are some countries rich, and others poor?
How do we summarize the 2010s? Many think it was an awful decade, ten years of horror, unfair distribution and environmental disaster.
It’s a Wonderful Loaf is an ode to the hidden harmony that is all around us–the seeming magical ways that we anticipate and meet the needs of each other without anyone being in charge.