Anyone determined to provide a “new economics” must haul a heavy burden of proof up a steep slope of professional resistance. At the summits of academic prestige, economics presents a Delphic façade of math and marble. Read More ›
And so, as you listen to the purveyors of doom on the television and the radio, and read apocalyptic predictions of humanity’s future on Twitter and in the newspapers, bear in mind that with every hungry mouth comes a pair of hands and a brain capable of thought, planning, and innovation. Read More ›
With China grabbing all the negative headlines lately, I thought it would be a good idea to step back and look at the big picture, highlighting the great triumphs of this country.
Some of my readers worry that I am “soft” on China, too optimistic about the prospects for freedom there and unwary of the Chinese threat to the U.S.
As one reader recently wrote, “At the end of the day China is still a communist country” that “does not recognize the right to private property” and therefore can steal our intellectual property without any twinge of conscience.
I love this comment because it gets us right to the heart of things: Is China still a communist country?
Not: Does China have lots of politicians who ritually declare themselves communists? (It does.)
Or even a few who deep in their hearts still yearn for the good old days of Mao? (They exist.)
But is China a communist country, a nation of 1.4 billion people living under anything we would recognize as communism?
My answer is: “By their fruits, you shall know them.”
Let me explain… Read More ›
A short economics lecture from Senior Fellow George Gilder, titled "Why Capitalism Works." In it, Gilder explains the genius of capitalism: that it channels self-interest into altruism. In a free market economy, "Entrepreneurs can only help themselves by helping others." Read More ›