by Matthew Bransgrove | Oct 12, 2015 | Business
Karl Marx did not abolish child labor or free the women from working in the coal mines in England—the steam engine and modern machinery did that. —Ronald Reagan. Speech to the First Conservative Political Action Conference, January 25, 1974. The government should not...
by Matthew Bransgrove | Oct 12, 2015 | Business
If we look to the answer as to why, for so many years, we achieved so much, prospered as no other people on Earth, it was because here, in this land, we unleashed the energy and individual genius of man to a greater extent than has ever been done before. Freedom and...
by Matthew Bransgrove | Oct 12, 2015 | Business
Countries are not rich in proportion to their natural resources. If you took a map of the world, put on it all the natural resources in each country, and thought that would give you a guide to the wealth of each country, you’d get it wrong—because if you look at...
by Matthew Bransgrove | Oct 12, 2015 | Business
When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union—like public housing in the United States—look decrepit within a year or two of their construction, why...
by Matthew Bransgrove | Oct 12, 2015 | Business
Wherever possible, the proposal and development of infrastructure should be left to the market. Roads should be laid and bridges built by private consortiums that issue bonds and repay them by collecting tolls. Sewer systems should be built by the same developer who...
by Matthew Bransgrove | Oct 12, 2015 | Business
Since the start of the Industrial Revolution and capitalism, wage rates have risen steadily—as an inevitable economic consequence of rising capital accumulation, technological progress, and industrial expansion … It was the economic self-interest of employers that led...
