In 2016, a fissure opened up in the seemingly impenetrable rockface of stultifying Technocratic Socialism. That is unequivocal progress, but it’s also only the beginning of what is going to be a long, uneven, and probably messy global realignment.
Tag Archives: capitalism
Greece’s biggest problem is its anti-capitalist culture
An economic crisis can jolt a fundamentally pro-capitalist nation that briefly lost its way back onto the straight and narrow. But there is no guarantee of this when the culture has descended into infantile anti-capitalism, dysfunctional statism and an antagonism toward entrepreneurial dynamism and self-reliance. For these a crisis may just form part of a […]
On “Economies of Scale” and Other Magical Incantations
This is a provocative and compelling piece. It challenges the established dogma of economies of scale and makes a case for the economic competitiveness of the small-scale entrepreneur that is demand-responsive rather than the large-overhead producer that produces without regard to preexisting demand.