Category Archive: Benefits of capitalism

Apr 26

When government takes over agriculture: millions stand in food lines while millions more pounds of food rots and farmers go broke

A shocking story in Politico details the utter lunacy of the U.S. government’s COVID-19 measures on American agriculture. In a free market, agricultural producers stay tuned to demand from grocery markets and restaurants. Farmers supply foodstuffs in close relation to market signals from months or seasons earlier. But in a government-directed, centrally planned economy, government …

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Apr 21

Government regulations DO NOT improve quality; they simply make products more expensive

Economist Mark Perry has studied the effect of government regulation on industries for many years. His research shows that wherever goods and services are freest, prices go down while quality and innovation constantly improve. Examples are televisions, electronics, and cell phones. But products and services which are subject to the most regulation (such as education, …

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Apr 02

Matt Ridley: Britain will thrive as the world’s next Hong Kong in the wake of Brexit

Best selling science writer and futurist Matt Ridley was recently interviewed by Reason’s Nick Gillespie. Ridley discussed his latest book on innovation. Ridley is also a member of the UK House of Commons where he is something of a libertarian. Ridley supported the 2017 Brexit movement. Ridley suggests that Britain will soon become a global …

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Oct 06

Ecuador government begins arresting shopkeepers for price increases

In a free market, rapid price increases are quickly fixed by suppliers who, seeking quick profits, hurriedly get more product to market. This growth in supply then leads to rapid reductions in prices. A sure way to ENSURE that consumers will be deprived of plentiful, cheap goods, on the other hand, is for governments to …

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Oct 01

Hong Kong government fires live rounds at protesters

Governments worldwide equate anti-government protests with violent military assaults. (The same governments will often treat pro-government protests with gentle reactions (or even support); witness the treatment in the U.S. of recent “climate strike” protesters–many of whom were openly allowed to be absent from government schools.) In many cases, governments will position dozens of armored troops …

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Sep 28

New blood test can detect 20 types of cancer with great accuracy

Invention and innovation has been a hallmark of free market capitalism for generations. It barely exists in government-controlled environments. The United States were the world’s flagship of capitalism and invention for two centuries. Americans cured polio, eradicated smallpox, perfected heart, lung and brain surgery and drove tuberculosis to the edge of extinction. But as government …

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Sep 29

Sears is now a penny stock

Virtually every claim of socialist economists is false. One major claim of socialists is that the largest corporations have near total control over human affairs, and are able to control their destiny by manipulation of politics and markets. Yet studies show that only a small handful of the corporations in the Fortune 50 were there …

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Sep 06

Hong Kong bypasses New York City as home to the most super rich

New York City’s famed Wall Street produced thousands of millionaires during the era of American capitalism and freedom. But years of socialistic government, regulation, and taxation have taken their toll on the Big Apple. Many multi-millionaires have fled New York City for freer shores and states. And New York’s high rates of taxation and business …

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Jul 04

British financial sector thrives after Brexit

Government trusters everywhere denounced the vote by Brits to leave the European Union two years ago. Almost every pro-government economist, financial columnist and figurehead predicted financial calamity would fall upon the people of Britain for daring to be independent. But a review by Max Colchester and Patricia Kowsmann in the Wall Street Journal finds that …

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Dec 16

The internet is free again: FCC votes to eliminate “net neutrality” scam

Two years ago, the FCC voted (without Congressional authorization) for a government takeover of the internet. Government trusters called it “net neutrality.” Every claim made by the fanatical government trusters behind “net neutrality was false. Advocates offered hypothetical harms and hysterical prophecies; they claimed that evil corporations might soon start discriminating, or censoring, or charging …

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