If human flourishing is our goal, we must return to a society where economic freedom is championed.
Not only is the charge of Sumner being a social Darwinist unfair, but it characterizes his views as nearly the opposite of what they actually were.
Among the great misconceptions of the free economy is the widely-held belief that “laissez faire” embodies a natural tendency toward monopoly concentration.
Airbnb is now facing greater opposition in New York thanks to a recent bill signed by Governor Andrew Cuomo which bans advertising of short-term rentals.
Whether it’s music, art, or commerce, it’s competition that makes the world beautiful.
The right of humans to freely cooperate on an open market is the surest way to bring about not only economic, but human harmony.
Economic competition in functioning market economies it the best surefire way to reduce global poverty. That, and letting people leave poor countries for rich ones.
Entrepreneurs pitch an endless stream of Ideas. Everyone argues over which can work. A few attract funding. Most fail. This competitive market process ensures only the best survive.
The real minimum wage is zero, despite the best efforts of the economically illiterate public sector do-gooder.