Tag Archives: Laissez faire capitalism

PayPal & Pornhub

For about ten years now, every time the owner of some platform or another decides, for whatever reason, to change its terms, you’ll almost immediately hear a wild outcry for “justice,” followed by a backlash against “robbing people of their livelihood,” and then there often begins the predictable protests against “late-stage capitalism” and “unregulated markets”…

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Tiananmen Square: Twenty-Five Year Anniversary — But Do You Know About Chengdu?

Do you remember Tiananmen Square? It’s difficult to believe that it was twenty-five years ago, but today, June 4th, indeed marks the twenty-fifth year anniversary of the Tiananmen Square massacre in Beijing, China. This was when the communist dictatorship of that country quashed a political reform movement, which was begun by Beijing students who sought…

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Tiananmen Square: Twenty-Four Year Anniversary

Do you remember Tiananmen Square? It’s difficult to believe that it was over two decades ago, but today, June 4th, indeed marks the twenty-four year anniversary of the Tiananmen Square massacre in Beijing, China. This was when the communist dictatorship of that country quashed a political reform movement, which was begun by Beijing students who…

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Michael Moore: Old Fashioned Capitalism When “Wealth Was Shared”

In a recent interview with CNN’s Piers Morgan, socialist documentarian Michael Moore — who, not coincidentally, made a socialist propaganda movie called Capitalism: A Love Story — revealed Monday (September 27th, 2011) what we all already knew: he has no understanding whatsoever of what capitalism really is. The video clip won’t embed, but you can…

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Tiananmen Square Twenty-Two Year Anniversary

June 4th marks the twenty-two year anniversary of the Tiananmen Square massacre in Beijing, China. This was when the communist dictatorship of that country quashed a political reform movement, which was begun by Beijing students who sought to bring about more freedom. The People’s Republic of China (PRC) ended these protests by force, which is…

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A Brief History of Economic Thought — By Jim Cox

Jim Cox is one of my favorite living economists. His slim but pregnant book — The Concise Guide To Economics — is a miniature masterpiece. The following comes from Chapter 37: The Spanish Scholastics of 14th through 17th century Spain had produced a body of thought largely similar to our modern understanding of economics. The…

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I, Pencil — By Leonard Read

What goes into the making of a single pencil? In 1958, Leonard E. Read asked himself that very question — and wrote an elegant explication: I, Pencil, simple though I appear to be, have a profound lesson to teach. And I can teach this lesson better than can an automobile or an airplane or a…

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Laissez Faire and Hong Kong

Laissez faire is a social system based upon private ownership of the means of production and the preeminence of the individual over the group. The word capitalism was popularized by Karl Marx, in the 1850’s. Marx used it to denounce private ownership of the means of production and the autonomous workings of the free market.…

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