World

Centralised Education Systems Strangle The Ambition of Our Children

How Centralised Education Systems Strangles Ambition Take a minute and think about the time you were a kid and thought of your future self.  All of us, at one point, have had a visual of us as grownups, doing something, enjoying it and making our lives about it. As a kid, I went to dance…
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Political Freedom, Without Economic Freedom, Does Not Bring Growth

One of the most enduring questions in economics is what causes economies to grow. The full title of Adam Smith’s well-known treatise, An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776, clearly shows that the causes of prosperity were Smith’s primary concern. He concluded that free markets, the protection of private…
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We Didn’t Humanise Markets, Markets Humanised Us

Over Labour Day weekend, I saw many friends arguing that labour unions and government intervention “humanised capitalism” by giving us the 8-hour workday, the 40-hour workweek, ending child labour, and so forth. Unfortunately, these folks have their history backward. We didn’t humanise capitalism, it humanised us. The wealth produced by capitalism allowed us to indulge…
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