In a recent article for Free Life, I noted that, for me, the urge to pen a rebuttal to the work of others come not from trawling through the drivel of a statist, leftist or mainstream pundit. Rather, it comes in response to a libertarian who has spouted some piece of nonsense in spite of being in a position to know better. Today, we will address something similar of this ilk in the realm of economics from Alistair MacLeod, Head of Research at Goldmoney.Continue reading
As much as I would like to be, I am not an especially keen debater, either face-to-face or online. In responding to critical comments made by another person, I find it very difficult to suppress the urge to blast them with everything I think I know, drowning them in a flood of (probably quite irrelevant) information that leaves neither of us with much time to draw a breath.Continue reading
Excerpted from Socialism, by Ludwig von Mises:
Sidney and Beatrice Webb (Lord and Lady Passfield) tell us that ‘in any corporate action a loyal unity of thought is so important that, if anything is to be achieved, public discussion must be suspended between the promulgation of the decision and the accomplishment of the task’. Whilst ‘the work is in progress’ any expression of doubt, or even of fear that the plan will not be successful, is ‘an act of disloyalty, or even of treachery’. Now as the process of production never ceases and some work is always in progress and there is always something to be achieved, it follows that a socialist government must never concede any freedom of speech and the press. ‘A loyal unity of thought’, what a high-sounding circumlocution for the ideals of Philip II and the inquisition! In this regard another eminent admirer of the Soviets, Mr. T. G. Crowther, speaks without any reserve. He plainly declares that inquisition is ‘beneficial to science when it protects a rising class’, i.e., when Mr. Crowther’s friends resort to it. Hundreds of similar dicta could be quoted.
In the Victorian age, when John Stuart Mill wrote his essay On Liberty, such views as those held by Professor Laski, Mr. and Mrs. Webb and Mr. Crowther were called reactionary. Today they are called ‘progressive’ and ‘liberal’. On the other hand people who oppose the suspension of parliamentary government and of the freedom of speech and the press and the establishment of inquisition are scorned as ‘reactionaries’, as ‘economic royalists’ and as ‘Fascists’.
It is often asserted that a system of free market capitalism reduces everyone to the level of animals, subject to the “law of the jungle”. Similar emotive epithets accuse capitalism of being little more than a “dog eat dog” or “winner takes all” economic system. However, as we shall see now, nothing could be farther from the truth.Continue reading
In addressing the parasitic nature of the state, libertarians focus on many of the state’s specific characteristics in order to demonstrate its destructive effects upon civilisation. Whether it is nationalised industries, market interference, the minimum wage, anti-discrimination and egalitarian pursuits, the business cycle, or whatever, there is a treasure trove of libertarian literature available that explains and elaborates the deleterious effects of these particular state endeavours. However, a more difficult question is which of these areas, if any, are the most important? Which of them amount to mere nuisances that can be circumvented (or otherwise put up with) and which, if any, of them amount to a significant transfer of wealth and power to the state with seemingly permanent effects? Furthermore, is there any one issue that libertarians should stress above all others if we are to deliver a real and significant puncture to the state’s ever-inflating balloon?Continue reading
Amongst the myriad of half-baked schemes, concepts and dogmas being promoted by our political overlords, one might have encountered innocuous and seemingly harmless mantras such as “Environmental, Social and Corporate Governance” (ESG), “Stakeholder Capitalism” and “Diversity and Inclusion”. This article will explain why these, amongst others, must necessarily become smokescreens for increasing state control over the means of production.Continue reading
Quite a lot has happened since the United Kingdom officially left the European Union on January 31st 2020. Barely two months had passed before we were subjected – with the mere stroke of a pen – to mass house arrest, compulsory mask wearing, absurd distancing rules and a general shutdown of the economy before being threatened with the possibility of mandatory or coerced vaccinations. While, touchwood, the COVID panic seems to have subsided for now, today the West is fighting a proxy war with Russia in Ukraine, the global economy is in tatters, inflation is rising, and food and energy security have become a top priority in the rich world. The infliction of impoverishment and destitution in order to fulfil globalist, technocratic agendas has met the response of widespread protests on the continent (and even more notably in Sri Lanka, which has ousted its President).Continue reading
The economic history of the twentieth century is often summarised as some kind of big battle between unfettered capitalism on the one hand (as supposedly demonstrated by the United States) and full blown socialism/communism on the other (as the Soviet Union was supposed to have been).Continue reading
Government Spending Must be Cut
In response to the state-induced cost of living crisis, there have been prominent calls to cut the rate of various taxes that the state imposes upon its working citizenry. One such area where this has been most pronounced in the UK is the rising cost of petrol, in which fuel duty and VAT can amount to up to 40% of the price paid at the pumps.Continue reading