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  • Wages and libertarianism

    Libertarians assert that in a free market, people tend to get paid their marginal revenue product. This is hilariously silly. How the hell do you even calculate marginal revenue product? And don't give me this "the employers will calculate it" garbage - even if the employers of a given...
    Posted to Economics Questions by Buzz Killington on Tue, Mar 12 2013
  • Mindless Lip-Service to Capitalism

    I see a lot of these Austrolibertarian capitalists out here praising how wonderful it is that we have modern medicine and life extension. Why? To me, it's absolutely disgusting. The whole reason people want government handing out healthcare is that these technologies allow the weak and frail to continue...
    Posted to Economics Questions by Buzz Killington on Fri, Mar 8 2013
  • Post-communist Russia?

    An objection to libertarianism that I've come across a few times is that Russia declined after free market reforms. "in the decade after the fall of Communism, as advised by free-market absolutists like Jeffrey Sachs. Russian GDP declined 50% in five years. The elite grabbed the assets they...
    Posted to Economics Questions by Buzz Killington on Mon, Nov 5 2012
  • Lowering the minimum wage = crazy?

    One free market/libertarian answer to unemployment and poverty is lowering the minimum wage. My question is, how the heck are people supposed to live off a lower minimum wage? The minimum wage is already pretty low, if we lower it to say 3-4 dollars an hour, how is someone supposed to survive off that...
    Posted to Economics Questions by Buzz Killington on Fri, Sep 7 2012
  • Milton Friedman and his lectures

    They say, that the era that Friedman visited Chile, gave lectures about capitalism and free market in Communist countries, as well. I wonder, how can a Communist goverment which propagandizes its citizens against Capitalism, give permission to someone to talk freely about Capitalism and Free Market?
    Posted to General by LandJ on Fri, Aug 10 2012
  • Capitalism and Democracy

    Capitalism and Democracy by Alex Merced Detractors to Capitalism often will make satire of the idea of "the invisible hand" as if Free Market Capitalist believe there is an actual invisible hand. The Invisible hand is a metaphor for much more beautiful and plausible idea; that the actions and...
    Posted to AlexMerced by Alex Merced on Wed, Aug 11 2010
    Filed under: Regulation, Individualism, Trading Markets, Capitalism, Democracy, Individuality
  • Capitalism, Socialism, and Voluntarism

    Capitalism, Socialism, and Voluntarism by Alex Merced People blame all the worlds problems on it's systems of resource management, for in the end that is all that Capitalism and Socialism are, systems to managing scarce resources. Quality of life, happiness, joy; these are all things that are not...
    Posted to AlexMerced by Alex Merced on Mon, Aug 9 2010
    Filed under: Prices, Voluntarism, Anarchism, Social Net, Capitalism, Socialism
  • Rent Seeking and the Flight of Capital

    The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions...
    Posted to Hera by Ron Hera on Mon, Jul 19 2010
    Filed under: Federal reserve, debt, GDP, Asia, Asian Tigers, China, central bank, Federal Budget, unemployment, Deindustrialization, Bailouts, Capitalism, Corporatism, Trade Deficit, Socialism, Totalitarianism, Offshoring, Outsourcing, Service Economy
  • Monopoly and Competition: Government Intervention and its Effects on the Free Market

    (Originally posted at damienmanier.com ) One of the roles of government, debated even among those of a libertarian or small government perspective, is that of regulating monopolies and ensuring competition. On a larger political scale, the debate may focus on how free or how socialized should a market...
    Posted to Damien Manier by Damien Manier on Tue, Mar 30 2010
    Filed under: capitalism, corporatism, corporate welfare, libertarian, free market, license, natural monopoly, public utility, privatization, patent, monopoly, competition
  • Corporate Welfare and Corporatism

    Here is a short essay I wrote for my American Government Class on Corporate Welfare. I hope to further explore and expand on the ideas presented in the future. I always appreciate suggested sources and helpful comments. Enjoy! Corporations are firms or companies (private, publicly traded, for profit...
    Posted to Damien Manier by Damien Manier on Sun, Nov 22 2009
    Filed under: capitalism, corporatism, corporate welfare
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