Category Archive: Benefits of capitalism

Sep 10

Chicago neighborhood discovers the magic of privately-funded police protection

Interesting story out of Chicago, which has suffered under a torrent of violent street crime over the past few years. It seems some private citizens have started paying for private police patrols out of their own pockets. Neighbors are overwhelmingly supportive of the idea, and there are preliminary observations that the crime situation has greatly …

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Aug 19

In Boston, every Uber customer must contribute a nickel to sustain dying government-monopoly taxi industry

The taxicab industry has been so overregulated for so long that it cannot survive any exposure to real-world, market forces. Many states grant monopoly jurisdictions to cab companies and control prices, fares, numbers of drivers, and numbers of cabs. Poor people who want to start a cab company are simply not allowed. In fact, many …

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Jun 23

Hope for humanity: Britain Leaves EU

Lift a glass for self determination! It appears the courageous Brits have chosen to exit the European Union. There is hope!

May 16

Cuban socialism devastated the environment

Reason Magazine’s cartoonist Peter Bagge recently took a 4-day trip to Cuba. (Cuba has recently opened itself somewhat to American tourism.) Bagge reports that Cuba is a filthy island with littered beaches and smoke-filled air. The air pollution is so bad there that Cuba’s weather reports sometimes simply say: “Smoky.” There are rolling blackouts and …

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Apr 16

Venezuelans now don’t have toilet paper, cable TV or cell phone service

Socialism is something that should only be wished on one’s enemies. For years, Venezuelans have voted for overt socialists. It all seemed great at first. “Free” health care, education, food, shelter, clothing, etc. The government ‘paid’ for everything with abundant oil. But now oil prices have hit rock bottom and the Venezuelan government owes its …

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Apr 01

U.S. Postal Service has every advantage; yet still loses a billion dollars annually

Government sucks at almost everything. Its “goods and services” cost more and are of lower quality despite the fact that the government enjoys every possible advantage in the marketplace. Consider the U.S. Postal Service. It has been losing a billion dollars annually for years. Yet “it enjoys a range of government-conferred benefits. It has monopolies …

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Feb 28

The U.S. has now gone 10 consecutive years in which GDP growth never rose above 3 percent

China, India and other countries have seen their annual GDP numbers grow by 6 to 8 to 10 percent annually. Much of the world has embraced increasing freedom, commerce and capitalism. Life expectancies have grown, and people are living healthier and happier all over the world. But not in the United States. A period of …

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Feb 24

Bejing now houses more billionaires than does New York City

For much of two centuries, the United States was the global flagship of capitalism and free enterprise. New York City, with its New York Stock Exchange, and its large investment banks, was the world capitol of commerce. The buildings on the Manhattan skyline–the Chrysler Building, the Empire State Building (built mostly by the investors of …

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Feb 09

Record number of Americans retiring abroad

At least 375,000 retired Americans are now receiving their Social Security checks overseas. See here. Many countries are now freer than the U.S., and their costs of living are much lower. While U.S. programs such as Medicare, Medicaid and Obamacare have driven health care prices higher and higher, medical treatments of the highest quality can …

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Feb 08

Two Lost Decades for the banking industry

Almost all business regulation harms the poor and small businesses and helps the biggest industry leaders. And in the big picture, even the good ol’ boys are harmed. Look at the above graph (courtesy of CNBC, see here). It shows that the overall value of the banking industry is about the same as it was …

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