The Economics of Imperialism

It’s still widely accepted that having Colonies was a main source of wealth and welfare for the former Empire. This misleading idea, which comes from marxist tradition, is somehow still alive when it’s applied to modern geopolitics, despite the fact that the idea that economic progress was due to colonies (imperialism, colonialism) seems to have very little foundation.

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Justice and Individual Rights

The transition from the negative conception of justice as defined by rules of individual conduct to a ‘positive‘ conception which makes it a duty of ‘society’ to see that individuals have particular things, is often effected by stressing the rights of the individual. It seems that among the younger generation the welfare institutions into which they have been born have engendered a feeling that they have a claim in justice on ‘society’ for the provision of particular things which it is the duty of that society to provide. However strong this feeling may be, its existence does not prove that the claim has anything to do with justice, or that such claims can be satisfied in a free society. Continuar leyendo “Justice and Individual Rights”

Internet socialism is dead

Imagine you own an important highway, used by countless drivers. Since yours is a private one, consumers forcefully have to pay you a toll everytime they want to drive down there. Which would be the optimum price that should be charged?

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Sell the schools!

Riddle of the year: How is a public school like the U.S. Post Office? Answer: It’s inefficient, it costs more each year than the last and it is a perpetual subject of complaint about which nothing is ever done. It is, in short, a typical government monopoly.