Tag: Free Market

Member Post

 

I’m curious to hear where Ricochet members stand on this issue. I understand we have some Anarcho-Capitalists here, who believe that government is inherently evil. We also have people who believe in fairly vigorous government regulation. I personally support government intervention when there is no reasonable alternative. Many CEOs will either attempt to achieve and […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Power Corrupts and Absolute Power Corrupts Absolutely

 

“Power tends to corrupt and absolute power corrupts absolutely.” These are the words of Lord John Dalberg-Acton, an English historian of the 19th century and namesake of the Acton Institute.

Co-founded by Rev. Robert A. Sirico and Kris A. Mauren in 1990 in Grand Rapids, MI, the Acton Institute has a unique mission among free-market think tanks. An ecumenical organization, Acton is dedicated to promoting a free and virtuous society characterized by individual liberty and sustained by religious principles.

More

Member Post

 

Gracy Olmstead of “The American Conservative” and other outlets has provided us with an interview with the not easily categorized Wendell Berry in today’s New York Times. Olmstead is someone I’ve read with pleasure over the last several years and have seen her work promoted here at Ricochet. One of the things that makes this […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

American-style Crony Capitalism: What Happens When Government Sorts Things Out

 

When President-elect Trump intervened to stop jobs at a Carrier air conditioner plant in Indianapolis from moving to Mexico, Vice President-elect Pence offered this justification: “The free market has been sorting it out, and America’s been losing.” (Not that the president’s intervention was a big win, turns out.)

Of course, one shouldn’t expect only winners when markets are sorting things out. Markets aren’t magic. Yet it’s hard to conclude that American-style capitalism hasn’t overall sorted things out pretty well for Americans. Since 1980, the US has added nearly 60 million jobs. And the CBO says middle-class incomes are up significantly, either by 28 percent or 42 percent (in real terms) depending if you are looking at income before transfers and taxes vs. after. Oh, and the United States continues to push the technological frontier. Europe would sure love to have its own tech titans such as Google and Amazon, not to mention all those tech unicorns. (By one measure, the US has nearly 100. Europe? Just 12.)

More

Mark Zuckerberg and Conservative Ideals

 

The hassling of Zuckerberg rankled until I was compelled to write a political post, something I have rarely done in almost a decade on Facebook. It’s been up for 15 minutes as of this writing. I foresee either regretting the post, or having it panned. Or both.

There is a Facebook-related issue that is bothering me, so I will opine on Facebook. I have only a surface knowledge of the concerns for which Mark Zuckerberg underwent Senate questioning. What I find disturbing is the optics of hauling in for grilling this private citizen who happens to own a hugely successful venture. In listening to some of the proceedings, I felt like senators were pandering to the public by addressing Zuckerberg as if he were a criminal over a couple of points: a.) a data harvesting practice that I’m sure is widespread over the Internet, and not just a Facebook problem; and b.) an alleged favoring of the left side of the political spectrum in censoring or promoting posts.

More

Member Post

 

(NOTE: The Josiah Bartlett Center for Public Policy, New Hampshire’s original free-market think tank, publishes a weekly email newsletter. This week’s newsletter is a little rumination on partisanship. It’s posted below, in full, for your consideration. If you enjoyed this essay, you can sign up for the free Friday newsletter here.)   More

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

The free market is the economic foundation of a free, pluralistic society. Laissez faire economics stands for the idea that the government should stand aside and let individuals do what they want or need to do. In America, we celebrate our democracy. But, the free market is often a more fitting way to way to […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Occupational Licensing Is a Whole Quilt of Crazy

 

Here’s a bit of trivia: New Hampshire’s tallest building was erected by a general contractor unlicensed by the state. Before you decide to avoid forever Manchester’s 20-story City Hall Plaza, you should know no building in the state, including every house, was built by a state-licensed general contractor — because New Hampshire doesn’t license general contractors. I’ll be focusing on New Hampshire here, but the crazy quilt of occupational licenses smothers opportunity in every state.

The state doesn’t license carpenters, auto mechanics, welders or asphalt layers either. Yet your home does not fall apart, commercial buildings don’t tumble down, roads don’t dissolve in the rain.

More

Hyperion Knight: Are Free Markets Good for the Arts?

 

Freedom Fest Panelist Hyperion Knight joins us at Whiskey Politics to discuss leftism in music and entertainment. Hyperion is a virtuoso pianist with a romantic touch whose recordings range from Beethoven and Chopin to Ragtime and Queen. In addition to regular appearances with orchestras across the United States, he has been a headline performer at Manhattan’s Rainbow Room and Entertainer of the Year for Silversea Cruises.

He is a Gershwin enthusiast, whose performance of “Rhapsody In Blue,” along with works by Cole Porter and Andrew Lloyd Webber, was recently featured in the Public Television special Hyperion Plays Piano. Hyperion was born in Berkeley, California, graduated from the San Francisco Conservatory at age 19, and by the age of 22 had received both a Master’s degree and a Doctoral degree from the Cleveland Institute of Music. He then studied at the Juilliard School in New York, where he now resides. The American Record Guide said of his performance, “Not since Heifetz has anyone played Gershwin solos with this much panache…the songs glitter like jewels against black satin.” In this episode of Whiskey Politics, Hyperion discusses his upcoming speaking engagement subject at Freedom Fest 2017 on Free Markets and the Arts.

More

Member Post

 

Free Market Environmentalism for the Next Generation by Terry Anderson and Donald Leal (2015) of the Property and Environment Research Center (PERC) is a thorough update of a book they published in 1991. Considering I was in kindergarten back then, I feel like I have a decent claim to being part of the titular “next […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Mike Pence: “Free Market Has Been Sorting It Out, and America’s Been Losing.” Really?

 

Mike Pence CarrierDonald Trump yesterday warned that companies like Carrier “are not going to leave the United States anymore without consequences. Not going to happen. It’s not going to happen, I’ll tell you right now.”

When I heard the President-elect make that threat, I responded thusly on CNBC, calling the comments “chilling.” Money manager Doug Kass was even stronger: “I believe that speech was one of the most dangerous and reckless speeches I have ever heard from a President or President-elect.”

More

If You Think Trade Deals Have Ruined the American Economy, Reconsider

 

TradeIf you think America’s fundamental economic story over the past few decades is a narrative of decline due to bad trade deals — especially the North American Free Trade Agreement — then you must completely ignore economic consensus.

Some key paragraphs from the new CBO study on trade deals:

More

The Hidden Virtues of Income Inequality

 
escape
Norwegian Cruise Line’s newest ship Escape features a private area for the wealthy named “The Haven.”

There is little doubt that income inequality is one of the great issues of our time. A new front has opened in the battle over whether the richer and the poorer should have differential access to various forms of common facilities.

The New York Times recently ran a front-page exposé of segregation by wealth in the booming cruise business. The article, by Nelson Schwartz, was entitled “In an Age of Privilege, Not Everyone Is in the Same Boat.” The gist of the story is that Norwegian Cruise Line has constructed one of its newest vessels to provide separate luxurious quarters (the “Haven”) to some 275 elite guests out of the 4,200 total passengers the ship can carry. These guests pay a premium, which in addition to an upgraded cabin, grants them preferential access to the rest of the ship with a simple flash of a gold card.

More

Member Post

 

Senator Sanders did his doddering fool act last month or thereabouts & said, it’s unacceptable that some nobody country worth nothing in comparison to the accounting errors in the federal budget has faster internet than America. I know a bit about that country, because that country is Romania. Yeah, the internet speed is sweet unto […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Don’t Tell Bernie, But Capitalism Has Made Human Life Fantastically Better

 

020916GDPBack in 1995, now-Democratic presidential candidate Bernie Sanders said, “I personally happen not to be a great believer in the free enterprise system for many reasons.”

And having watched Sanders during this primary season, it doesn’t appear to me that the self-described democratic socialist has much changed his opinion of capitalism. Which is both amazing and appalling. The single greatest story of human achievement of the past 2,000 years is the dramatic rise in living standards of the past 200 years. It’s an astounding ascent — see above chart — driven by innovative, entrepreneurial capitalism. Free enterprise. Economic freedom.

More

Member Post

 

Is it often the case that one of our own posts on the main feed clashes so violently so immediately with someone far more important, viz. Mr. Kevin Williamson, the avenging sarcastic of the free market libertarians-conservatives? How does he loathe us, let me count the ways! All of us who worry about the sort […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

When the Cambrian measures were forming, They promised perpetual peace. They swore, if we gave them our weapons, that the wars of the tribes would cease. But when we disarmed They sold us & delivered us bound to our foe & the Gods of the Copybook Headings said: “Stick to the Devil you know.” That’s […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

So I turned to the members feed of Ricochet to feast my eyes. Yesterday was a good day for comedy, so why not push my luck? I see an article that starts with a startling claim. Progressivism is nailed to the cross of wealth inequality. This is the problem with Progressives! They don’t get that […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

Something about this Yahoo story rubs me the wrong way. Online retail giant Amazon said on Thursday it will donate the profits from the online purchase of a tune released by the far-right anti-migrant PEGIDA movement to refugees in Germany. [….] More

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

What distinguishes product discounts that undercut the developer/publisher from discounts which improve developer revenue or at least benefit the retailer without cutting into developer profits? When Amazon puts a product on sale, whose cut is that discount taken from? Not all sales are the same, of course. But how often does a retailer reduce or […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.