A Libertarian alternative to Med4All

The U.S. healthcare system is one of the most expensive and least effective in the world. Bernie Sanders is surging in the polls, and if it comes down to a contest between Bernie and Trump, I predict that more voters will choose higher taxes in order to get healthcare than higher taxes in order to…

Do-it-yourself alternative currency for small towns

I have been lately courting the Green and Libertarian parties about my running for Congress in NY District 19.  Recently, I attended a NY state Libertarian monthly meeting.  When the topic of the possible collapse of the U.S. petro-dollar came up, many people said that they had invested in gold or other commodities–or Bitcoin–in preparation…

What, exactly, is “Capitalism,” and “Ownership”?

Dictionaries usually define “capitalism” as a political/economic system in which individuals or corporations are said to have the right to “own” things and therefore get to decide pricing, production and distribution of goods produced or services rendered. There are three different kinds of ownership: 1. The right to the fruits of one’s own labor  2….

Three Pillars of Society: Business, State and Charity

Much of our political discourse is about whether the government or the free market should control the basic structures of society.  Each has its role but there are three pillars of society, whose roles should be kept separate: 1. For-profit 2. Government 3. Non-profit The for-profit community provides all those goods and services that are…

What, exactly, is “Socialism”?

Dictionary definitions of “Socialism” don’t seem to fit the way it’s often used. For example Merriam Webster tells us Socialism is “collective or governmental ownership and administration of the means of production and distribution of goods,” which sounds a lot like Communism.  The term “Socialism” is most often used to describe government support for and…

Voluntarism

A civilized society is concerned with the health and safety of others and takes care of those who cannot take care of themselves, but a civilized society does not force individuals to participate in society.  According to the principle of voluntarism, a government should not, for example, force an individual to buy health insurance, nor…

Free Market

Some of the most well known free market philosophers are  Adam Smith,  F. A. Hayek, and Milton Friedman.  Proponents of free markets believe that individuals (should) make their own decisions about what to buy and where to work.  When this freedom/right is exercised, the market responds to supply and demand by valuing goods and labor…

The Separation of Business and State and the Privatization of Public Education

Because US public schools do poorly compared to those in other developed countries, those who support a “free market” approach argue the quality of education would be improved if public education were subjected to the effects of competition:  schools that are inferior will go bankrupt; schools that are good get more customers. (This leaves aside…

Moral Responsibility and Capitalism

From Mises Institute, “In his book, Where and Why Public Ownership Has Failed (1914), Yves Guyot, using both statistics and economic theory, shows systematically that private railways are safer, cost less, and more efficient. An unsafe private rail company is penalized by consumers whereas nationalized industries escape all material and moral penalty. Therefore, safety requirements…