The occasionally brilliant John Stossel is out with a good column. Stossel attended Freedomfest in Las Vegas recently and learned about countries such as New Zealand and Canada, which saw their economies greatly improve after cutting government spending. Greece, however, has been in the news for years, unable to stay afloat financially. Greece recently defaulted …
Category: Benefits of capitalism
Jul 09
Britain proposes fiscal restraint
Socialism is a curse that should be wished only on one’s enemies. Any society that embraces it will become sick and weak. In the wake of the default of Greece and the loss of one-third value of the Chinese stock market, world financial advisers appear to be proposing some rare fiscal restraint. In Britain, the …
Jul 02
An Example of a Society that made itself Wealthy: Singapore
Amidst all the recent news of societies foolishly impoverishing and destroying themselves with socialism, it is always good to point to societies that transformed themselves from poverty to abundance. The country of Singapore was a 3rd world country just two generations ago. Most of its population had no running water and no electricity. Life expectancy …
Jun 24
“Five years of wage cuts, tax increases and record unemployment”: Greeks awaken to a New Normal of ever-higher taxes and slavery to pay for their welfare state
Socialism is a curse that should be wished only on one’s enemies. Every society that embraces it will ultimately become sick and weak. Greeks are now learning the lesson that years of socialized medicine, welfare, security entitlements and big government must be paid for. The Greek people mortgaged their children’s future a generation ago, and …
Jun 22
An Explosion of Wealth and Prosperity in Latin America? Low Tax Rates are Slowly bringing Latin America into the First World
Even as the West is careening toward socialism and forced redistribution, some Latin American countries are increasingly seen as low-tax havens. And the numbers of wealthy Latin Americans is growing rapidly. A June 21, 2015 story in Yahoo News detailed the fascinating growth of the super rich in Latin America. Mexico and Brazil, for example, …
