One day a socialist is supposed to have come into the steel magnate Andrew Carnegie’s office at the height of his wealth in the 1890s and demanded that the rich should distribute their wealth to the poor of the earth. Carnegie, so the story goes, asked his assistant to estimate his current wealth and then […]
How The World Got Rich Learn More »
In their 1992 book, Ecocide in the USSR, Murray Feshbach and Alfred Friendly Jr. stated that “no other industrial civilisation so systematically and so long poisoned its land, air, and people.” A well-known example of the parlous and perilous state of environmental protection in the USSR is the Chernobyl nuclear disaster, which occurred on April
The Untold Story of the Vladimir Lenin Nuclear Power Plant Disaster (Chernobyl) Learn More »
Before capitalism, most of the global population were living in extreme poverty. From 90 percent in 1820, the rate has now fallen to 10 percent. Most remarkably, since the end of communism in China and other countries in recent decades, poverty has declined faster than in any previous period in human history. Many people who
Is capitalism to blame for hunger and poverty? Learn More »
Since the dawn of anti-capitalism, the free-market system’s opponents have been waiting for the great crisis that will bring about its final collapse. Karl Marx thought he had discovered various economic “laws,” such as the “tendential fall in the rate of profit” and the “relative impoverishment of the proletariat.” For anti-capitalists, the prospect of crisis
Corona Crisis – Have hopes for the end of capitalism been dashed? Learn More »
Contrary to popular perceptions, all around the world, environmental conditions have improved dramatically in recent decades. There is less air pollution and more widespread access to clean water than ever before. Anyone who wants to learn more about this astounding progress should read Stephen Pinker’s Enlightenment Now and Hans Rosling’s Factfulness. These environmental performance gains
Environmental regulations can sometimes do more harm than good Learn More »
