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Are free markets history?

Governments are jettisoning the principles that made the world rich. Homeland economics will be tough to restrain. People enjoy spending other people’s money. As government budgets get bigger, the special interests that feed on them will grow in size and influence. It is harder to withdraw protection and handouts than to grant them—particularly with more elderly voters, who have less of a stake in economic growth. Anyone doe-eyed about the arc of history bending towards progress should remember that a century ago Argentina was about as rich as Switzerland.

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Lideres
May 10, 2024
Es el libre mercado historia

Thomas Sowell on the Trouble With ‘Social Justice’

For Mr. Sowell, the tremendous variety of geographic, cultural and demographic differences among groups makes anything approximating an even distribution of preferences, habits and skills close to impossible. The progressive left holds up as a norm a state the world has never seen, and regards as an anomaly something seen in societies all over the world and down through history. “There’s this sort of mysticism that disparities must show that someone’s done something wrong” to a lagging group, Mr. Sowell says. The social-justice vision “starts off by reducing the search for causation to a search for blame. And for so much of what happens, there is no blame.”

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Jason L. Riley
May 6, 2024
Thomas Sowell

Hayek and Freedom

A few years ago, I had the opportunity to look through a transcription of a set of note cards that F. A. Hayek kept through the latter years of his life. It was fascinating to see how he wrote for himself and to get glimpses of ideas that would later be more fully fleshed out. One theme that emerges in those cards, and that has been pervasive over Hayek’s career, is his understanding of freedom. It is a nuanced and sophisticated conception of human freedom that differentiates itself from the ways the term is used by the left and the right. Classical liberals should understand Hayek’s view of freedom, and its connection to tradition and the coordinating role of institutions, to avoid the problems that confront other conceptions of freedom.

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Steven Horwitz
April 22, 2024
Hayek y la libertad

The Promise of Individualism

There is no such thing as a panacea; few things are actual cure‐​alls in themselves, especially when it pertains to social issues. However, the closest thing to a panacea for contemporary social injustice—both actual and perceived—is the concept of individualism. It is the closest foil to what is, arguably, the most dangerous aspect of critical social justice activism: race fatalism, i.e., the idea that especially minoritized groups have no locus of control and are at the mercy of their hegemonic oppressors.

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Erec Smith
April 19, 2024
La promesa del individualismo

Lula, Rousseff and narratives

In a few years, the populists of the Sao Paulo Forum used well-wrought tales to resurrect the greatest failure of a power system, communism, in a triumphant march to take over Latin America. Now he is using his "narrative" powers to help Putin, a classic fascist, to re-integrate fascism with the extreme left and right in the region. And he, convicted of corruption, free on procedural grounds, takes great pride in his ability to put together narratives that hide reality.

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Manuel Hinds
April 15, 2024
Lula Rousseff narrativas

Congress Can Help Puerto Rico Escape the Food Stamp Poverty Trap

Each year, the U.S. Congress allocates over $400 million for food assistance to support more than 250,000 residents of Puerto Rico who are able-bodied adults without dependents, and are between the ages of 18 and 54. Notably, this financial assistance does not come with a work obligation. Congress does not apply this approach to any of the 50 states, the District of Columbia, or even to Guam and the U.S. Virgin Islands. Beneficiaries of nutritional assistance in these jurisdictions are under the Supplemental Nutritional Assistance Program (SNAP), which includes a work requirement. It's time to bring Puerto Rico into the same program.

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Jorge L. Rodríguez
April 9, 2024
trampa de la pobreza

Chart of the Day . . . or Century?

As I wrote in the summer of 2018 on CD, I’ve probably created and posted more than 3,000 graphics on CD, Twitter, and Facebook including charts, graphs, tables, figures, maps, and Venn diagrams over the last 15 years. Of all of those graphics, I don’t think any has gotten more attention, links, re-Tweets, re-posts, and mentions than previous versions of the chart above, which was once referred to as “the Chart of the Century.”

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Mark J. Perry
April 5, 2024
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