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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2006 Newsletters
:
1 December 2006
Thought for the Day
Entrepreneurs generate wealth, create jobs and increase their capital with a view to generating more wealth which is spread around the community of workers and suppliers.
They do this by providing a product or service that ordinary people voluntarily pay money for and who thus also benefit from these efforts.
Governments take wealth from people who have it by force and distribute it to others whom they hope will vote them into power so they can continue the practice.
Is it just the indomitable spirit of the enterpreneur that allows us all to get a bit wealthier despite the governments best efforts?
Nov 23, 2006, 12:43
Newsletters
:
2006 Newsletters
:
1 December 2006
The Truth About the "Robber Barons".
Economist Ludwig von Mises's theory of government interventionism: one intervention (such as subsidies for railroads) leads to market distortions which create problems for which the public "demands" solutions. Government responds with even more interventions, usually in the form of more regulation of business activities, which cause even more problems, which lead to more intervention, and on and on. The end result is that free-market capitalism is more and more heavily stifled by regulation.
This seems to be the inevitable rule of government of all persuasions and leads the economy downhill until things get desperate and a reformer flails about him with a big stick and kills regulations and frees up the economy once more. Then the slow strangulation of the Golden Goose begins again.
The result is poverty where there should be plenty and countries continually lagging behind their potential.
Still, entrepreneurs seem to survive and even flourish despite the best efforts of various governments to "help" them!
Nov 23, 2006, 14:33
Newsletters
:
2006 Newsletters
:
1 December 2006
Why Wal-Mart Matters
And in the light of the last article here is an interesting look at Wal-Mart.
Has Wal-mart done more for the needs of the poor around the world than governments? Will its recent forays into the political world rebound on it? Why do some people want to destroy Wal-Mart?
Nov 21, 2006, 13:19
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