People must still compete for resources in a socialist economy. In fact, the competition is intense. On the other hand, thanks to markets, basic necessities—and even basic luxuries—are now more more accessible than ever. Original Article: "How Markets Have Delivered More Economic Equality" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. [embedded content] You Might Also Like Weekly SNB Sight Deposits and Speculative Positions: SNB buying euros at high prices 2021-05-10 Update May 10 2021: SNB intervening. Sight Deposits have risen by +3.6 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is
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Weekly SNB Sight Deposits and Speculative Positions: SNB buying euros at high prices
2021-05-10
Update May 10 2021: SNB intervening. Sight Deposits have risen by +3.6 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +3.6 bn. compared to last week.
Rich Millennials Plot the End of Civilization
2020-12-24
The New York Times managed to find some young people whose silver spoons provide a sour taste in their mouths. To hear them talk, their good fortune is making them sick.
Individualism and the Industrial Revolution
2020-12-21
Liberals stressed the importance of the individual. The 19th-century liberals already considered the development of the individual the most important thing. "Individual and individualism" was the progressive and liberal slogan. Reactionaries had already attacked this position at the beginning of the 19th century.
What Is the Great Reset? Part I: Reduced Expectations and Bio-techno-feudalism
2020-12-20
The Great Reset is on everyone’s mind, whether everyone knows it or not. It is presaged by the measures undertaken by states across the world in response to the covid-19 crisis. (I mean by “crisis” not the so-called pandemic itself, but the responses to a novel virus called SARS-2 and the impact of the responses on social and economic conditions.)
What “Capitalism” Really Means
2020-12-14
Descriptive terms which people use are often quite misleading. In talking about modern captains of industry and leaders of big business, for instance, they call a man a “chocolate king” or a “cotton king” or an “automobile king.”
In October, Money Supply Growth Remained Near All-Time Highs
2020-12-02
In October, money supply growth fell slightly from September’s all-time high, although growth still remains at levels that would have been considered outlandish just eight months ago. October’s easing in money-supply growth comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
The Evil of American Exceptionalism
2020-11-25
According to Anne Applebaum, those who deny American “exceptionalism,” that is to say, global crusading for “democracy,” are dangerous extremists.
China’s New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes
2020-11-23
On October 29, the nineteenth Central Committee of the Chinese Communist Party concluded its fifth plenum, a four-day meeting devoted primarily to laying the groundwork for China’s fourteenth five-year plan, which covers the period from 2021 to 2025.
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