Economics

10 Best Movies with Capitalist Themes

ByKeith Farrell 6, March 20156, March 2015

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7. The LEGO movie

This toy-themed animated movie was genius. Many people interpreted the film as anti-business because the villain (voiced by Will Ferrell) is President Business. But this story serves as the perfect model between real capitalism and a merger of corporate power and the state. The bad guy hates free expression, creativity, and wants to centrally plan how everything is built and how everyone acts, even devising a diabolical plan to glue everyone and everything in Lego land in place. The heroes are the master builders (or the entrepreneurs!) who use whatever resources they have to build whatever is needed for that situation. It is their world of spontaneous order and free expression where building suits the desires of the people, not the edict of central planners. The planners had produced a life so void of individuality and uniqueness, that propaganda was needed to convince the people they were happy. It’s only through the actions of the rebels—those who dare to build what wasn’t planned, that the plot to glue everyone in place is foiled.

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Economics

Do Sanctions Cause War or Deter It?

ByAlim Gelyastanov 1, April 20153, April 2015

At the beginning of the Cold War, George Kennan introduced the idea of “containing” an unfriendly state as part of his work on U.S. policy toward the Soviet Union. Later the idea of containment was implemented in part through the use of economic sanctions. It was based on two assumptions: For both ideological and geopolitical…

Economics

Is the federal minimum wage really “the third-lowest” of developed nations?

ByKeith Farrell 2, March 2015

Congressman David Cicilline (D-RI) has been a vocal proponent of raising the minimum wage. He claims the US’s federal minimum wage is “the third-lowest minimum wage of the countries in the OECD.” At first look, he appears correct, but there is more to it. When adjusting for purchasing power parity, the United States federal minimum…

Economics

Liberal article on food stamps and race backfires

ByKeith Farrell 2, March 2015

The liberal blogosphere erupted in delight last month at a story that was first covered by Addicting Info. The story reports on 30 individuals arrested for food stamp fraud in New York. The piece is titled “30 People Arrested For Food Stamp Fraud; Guess How Many Were Black.” The answer is none. None of the…

Economics

The Case for Competing Currencies

ByAlim Gelyastanov 10, April 2015

Photo by Duncan Rawlinson – @thelastminute – Duncan.co The wider revolution in crypto-currency, however, does share an important similarity with Hayek’s vision in that it’s a field wide open to competition. The proliferation of alt-coins (digitial Bitcoin alternatives) underscores just how easy it is to enter the fray. But what if cryptocurrencies are just the…

Economics

10 Socialist Arguments Destroyed

ByAlim Gelyastanov 10, April 2015

Photo by archer10 (Dennis) REPOSTING 4. In order to be just, America needs to emulate the Swedish model USA is a huge and diverse country of some 320 million people. Sweden is a country of 8 million people. The Swedish model appeared to produce amazing results as long as the country was completely homogeneous and…

Economics

Regulatory Capture: Wolves Guarding Hen Houses

ByCharles Seeburger 2, April 20152, April 2015

Regulatory Capture is a process by which regulatory agencies become dominated and directed by the corporations or special interests they are supposed to be regulating. It’s like putting the mafia in charge of writing regulations for bookmaking. Most generally associated with Nobel laureate George Stigler and postulated as an actual theory in the early 1970’s,…

7. The LEGO movie

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