Such harsh words are used about profit, and yet it is the social signal of approval. People who are benefiting from capitalism, like Hollywood celebrities and Silicon Valley billionaires, do not understand capitalism and decry it. What should entrepreneurs do? Just keep working at entrepreneurship.
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Entries by Hunter Hastings
The innovation, quality improvements, and timely care offered by competing private firms would be largely destroyed by adopting a single-payer system. Those now clamoring for a single-payer system would have us believe this all must be abolished in favor of near-total government control.
The economic and political deterioration of Venezuela has followed the pattern that Hayek described in 1944. In Chile, in contrast, free markets dispersed economic power amongst millions of Chileans and the military government, which ran the country between 1973 and 1990, gave way to democracy. Today, Chile is both economically and politically free.
The Earth’s atoms may be fixed, but the possible combinations of those atoms are infinite. What matters, then, is not the physical limits of our planet, but human freedom to experiment and reimagine the use of resources that we have.”
Predatory behavior is widespread. It can be found in the hefty swipe fees Visa and Mastercard impose on independent retailers that have no alternative but to pay up, and in the loss of shelf space that local breweries face when Anheuser-Busch InBev buys or bribes their distributors.
Gramsci spoke of organizations including churches, charities, the media, schools, universities and “economic corporate” power as being organizations needing to be invaded by socialist thinkers.
Life in Cuba is endless waits for seemingly everything, including basic items like spark plugs, car door latches and….sinks. The antiquated cars that populate the island are in such desperate shape that cabdrivers instruct passengers to very gingerly close their doors. Something as simple to fix (in the United States) as an inoperative door can take many months in Cuba.
Green New Dealers see war as a model for domestic policy, calling the Green New Deal a “10-year plan to mobilize every aspect of American society at a scale not seen since World War 2 to achieve net-zero greenhouse gas emissions.” When AOC says “I’m the boss,” pay attention.
Total spending including all stages of production more accurately reflects an economy’s actual expenditures, according to Skousen. When measuring total spending using business receipts compiled by the IRS, Skousen found that “consumption represents only about 30 percent of the economy.”
This would leave Federal spending limited to: the military, debt service, retirement benefits for Federal employees, and “everything else.” This too could eventually be cut in half over time. At present, these categories constitute 38% of Federal spending, or 7.9% of GDP. This reduced spending commitment could be funded with a much simpler tax system.
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