The Western ruling elite has become oligarchic in nature; its political and economic influence is disproportionate and even harmful to society. It is necessary, therefore, to review its historical evolution and expose its current goals.
Firstly, it must be recognized that it is natural and necessary for society to have an elite. Murray Rothbard wrote about the ideal of “natural aristocrats” who “live in freedom and harmony with their fellows, and rise by exercising their individuality and their highest abilities in the service of their fellows, either in an organization or by producing efficiently for the consumers.”
A free society needs such “natural aristocrats” because they are its main drivers and inspirations. Major entrepreneurial initiatives are generally

A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality.
Original Article: Libertarianism and the Importance of Understanding Causality

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The last Group of Seven (G7) summit that took place May 19–21, 2023, in Hiroshima deserves attention because it exposes the latest Western attempt to impose its unipolar worldview. But first, a bit of background on the G7.
The G7 is the group of seven nations (USA, Japan, France, Germany, Italy, Canada, and the United Kingdom) that in the ’70s comprised the major industrialized countries of the capitalist world. But because of the enrichment of a large part of the world’s population and the economic stagnation of many Western nations, the situation has changed dramatically. The G7’s share of the world gross domestic product has gone from 70 percent to only 27 percent, contributing just 15 percent of overall growth in 2012–21. Moreover, they now account for only 10

Three years after the covid virus hit the world, we are just starting to take a hard look at the damage caused by the covid restrictions. The "experts" not only were wrong; they were scandalously wrong.

Original Article: "Covid-19: Will the Political and Health Scandals Erupt into the Public Light?"
This Audio Mises Wire is generously sponsored by Christopher Condon. 

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Western intellectuals and their political allies are pushing relentlessly toward a unipolar world. Freedom lies in the multipolar direction.

Original Article: "Why Libertarians Should Support the Multipolar World"
This Audio Mises Wire is generously sponsored by Christopher Condon. 

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Finland and Sweden’s recent decision to apply for North Atlantic Treaty Organization membership is a major win for the military alliance, but a far more dubious one for these two countries. NATO badly needs a success at this moment, since neither the economic war on Russia nor the conflict in Ukraine seems to be going the West’s way. Whether officially adding two more Nordic countries would have a real military advantage for NATO remains to be seen, but at least it would be a clear public relations win.
However, this could become a PR debacle for the West if Turkey is serious about refusing to allow Finland and Sweden into the organization. As so often in recent years, Turkey does not align itself directly with the West, but chooses to pursue a path halfway

Imposing economic sanctions upon Russia is tantamount to throwing gasoline on a raging fire. The sanctions will not end the Russian invasion of Ukraine and only will make things worse.

Original Article: “The Economic Sanctions against Russia Are Destructive and Counterproductive: We Must Oppose Them”

The Western sanctions against Russia seem to shock very few Westerners. Yet, for several reasons, these sanctions should at least be the subject of lively debate in Western societies.
Firstly, these sanctions are illegal from the standpoint of international law (only the Security Council can approve economic sanctions, according to article 41 of the Charter of the United Nations). They legitimately can be considered an act of war by Russia, with all the

The Western sanctions against Russia seem to shock very few Westerns. Yet, for several reasons, these sanctions should at least be the subject of lively debate in Western societies.
Firstly, these sanctions are illegal from the standpoint of international law (only the Security Council can approve economic sanctions, according to article 41 of the Charter of the United Nations). They legitimately can be considered an act of war by Russia, with all the terrifying consequences that such an interpretation could have. Thus, regardless of whether Russia’s invasion of Ukraine is considered a violation of international law, an economic war waged by the West in Russia cannot be justified by nations that do not have defense agreements with Ukraine and that are not at war

An economic cataclysm has been unleashed upon the world by Western politicians and bureaucrats. Unbelievably, economic activity in the West has slowed to a creep, as entire populations have been confined to their homes for weeks, if not months. As a result, millions have had their lives turned upside down. Most entrepreneurs and self-employed persons have had their livelihoods jeopardized.
The EU economy may shrink by 5 percent according to the European Central Bank (ECB), and similar figures have been forecast for the US. The economic devastation wrecked upon Western economies by governments will have consequences for many years to come. It will inevitably lower European and US citizens’ quality of life for a long time, impacting their health as well.
It is