There is only a certain amount of wealth in the world, this thinking goes. Economics is a matter of acquiring and allocating, not creating. This was the view of the world’s smartest people, all top philosophers and not stupid people, for many thousands of years before the age of the enlightenment. It still is.
People and institutions that refuse to admit error eventually discredit themselves.
80s music sounds so 80s now. But in the 80s, it just sounded like music.
Ultimately, all arguments against markets are arguments against anarchy. Marx understood this much, at least.
Recall that the minimum wage was initially conceived as a method to exclude undesirables from the workforce.
When the state itself is held to the same moral standards as everyone else, it dies. And that's a wonderful thing.
Free markets are the real people's revolution.
The goal of intellectual life should be to see and understand what is true, not merely to adhere to a prevailing orthodoxy.
But now I understand something more fully that I once only understood abstractly. I see how utterly ridiculous it is to think that the state can be the right means to help those who are poor or living at the margins of society. The state is their enemy, as it is for everyone else.