Socialism and its cousin, Progressivism, are not the forward-thinking ideologies they pretend, but regressions to the natural tendencies of man.
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The 24-hour news cycle and its ubiquitous media brings every detail of every issue and policy to us. Debates limit responses to critical issues to two minutes. Congressional hearings for cabinet nominees are similarly limited. This precious time is wasted
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from Deirdre McCloskey at The New York Times, Equality, Liberty, Justice and Wealth: You may object that ideas are a dime a dozen and that to make them fruitful we must start with adequate physical and human capital and good institutions.
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from Deirdre McCloskey at The New York Times, Equality, Liberty, Justice and Wealth: What, then, caused this Great Enrichment? Not exploitation of the poor, not investment, not existing institutions, but a mere idea, which the philosopher and economist Adam Smith
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What amazes me in reading twentieth century history is how much incredible progress we made in spite of two horrific wars, massive failures of authoritarian utopian schemes, several major economic collapses, and the rise of tribal violence. Perhaps the difference
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Reich’s reasoning supposes that the point of an economy is jobs, jobs, jobs, and that spending assures jobs. The writer Pascal-Emmanuel Gobry calls such a view “productionist,” as against “creativist,” and admits (as I do) that in the very short
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Progressivism can be viewed as socialism lite, paying homage to the great progress of capitalism while acknowledging some of the limitations of a free market. Social and economic theories develop, mature and evolve as they face the hard tests of
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