Jerry Seinfeld said, “I don’t want my money to work hard, I want it to relax.” He is onto something. It can take a lot of work to get things very wrong. Those who place their faith in unreliable data sets built on self-fulfilling prophecies, and those who ignore the consequences of government interference, can be blindsided.
About Mark Shupe
Mark Shupe is a contributing author at Center for Individualism. He is also an investment strategy advisor and fitness instructor. Mark studied economics and finance at the University of Notre Dame. His writing passion includes the history of Western Civilization, the moral case for Capitalism, and the promise of Individualism.
The inflow of investment funds creates valuable assets, such as more machines, more factories, and increased research and development. This raises the productivity of labor (causing wages to rise), improves work conditions, and generates greater output. Americans’ standard of living increases.
People study the nature of things to understand possibilities and manage risk. The currency of the scientist, economist, and entrepreneur is reality. Complex systems like cancer are being confronted with a new network of enemies armed with and old theorem.
Grueling science has taught us that the relationship between space and time is like a flexible fabric that should be understood and appreciated. Science also teaches us that the relationship between creative minds and free markets is also a flexible fabric, but need not be so grueling to discover.
Their plan is a “simple idea” that “could strengthen our economy, benefit working class Americans, reduce regulations, and protect our natural heritage.” And it could give pigs wings, freeze hell, and invent water.
Don’t try to predict the future. Try to anticipate possibilities, achieving balance between competing priorities, and capacity for risk. Be flexible. A heart rate monitor is a tool to that helps the user find the optimal energy zone for long-term health and vitality. Economic tools for investing perform a similar function.
Today’s category-of-one brands are dominated by businesses creating amazing new technology. But these businesses can quickly morph from a network of prolific entrepreneurs to a hierarchy of opportunists. As such, the largest big data firms have rejected the entrepreneurial principles of individualism and free markets.
The expert plan for enhancing Velib bike-sharing has earned a lot of detractors and so it will get more expert planning. Iowa has earned a lot of fans for its hospitality, rolling terrain, and network of two lane paved roads. They were never planned for cycling and no one complains.
Nobody planned the global capitalist system, nobody runs it, and nobody really comprehends it. This particularly offends intellectuals, for capitalism renders them redundant. It gets on perfectly well without them.
Freedom now means freedom from want, equality means equality of outcomes, and progress means political correctness. That’s how today’s social justice warriors have been taught to think. That they allow themselves to be mobilized so easily is evidence of their fealty to their postmodernist masters.
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