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Does the economic calculation problem apply to so-called "market socialism"?
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i didn't know where to make this topic, so i threw it here. China is highly poppulated country with it's around 1.5 bilion people, it's a huge market from so many aspects. although there are some porn companies producing dvds in Hk and Tw, i doudt if there are any chinese competedors producing...
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Has anyone been following the news on this story? If so, what are your thoughts on it. The story in the Wall Street Journal reports that one trader--although it's not known if it's an individual or an entity--has control of something between 80% to 90% of the physical copper that is listed on...
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The funny thing to me is that people have let prohibition carry on so long. Still, it's nice to see smart entrepreneurs bringing exchange of supply and demand peacefully together to the benefit of all. http://www.fastcompany.com/1701584/why-weedmaps-makes-over-400000-each-month-in-revenue
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http://abcnews.go.com/WN/egg-recall-millions-wright-county-eggs-involved-marler/story?id=11430502 They were voluntarily recalled by business - so that speaks a lot for who is more likely to protect you. Why would a company want to create or let alone allow a product of theirs to kill their own customers...
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FIRST OFF, I just wanted to discuss the ideology of libertarianism a bit here. I am not making this statement as a partisan. I am not a libertarian myself. So I wanted to get that out of the way before I tell you my idea. Many libertarians seem to think that libertarianism means using all the resources...
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I agree with Inquisitor concerning that democracy is still a tyranny, just of the majority. I also realized that our country was largely a grand experiment, one with many wonks, and even though it was executed, still was far from perfect, whatever that may be. One thing I don't think people (outside...