Pro-free enterprise does not mean pro-business
28 Aug 2014 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of religion, liberalism, Milton Friedman, Public Choice, rentseeking Tags: Milton Friedman
What is the precariat?
24 Aug 2014 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, entrepreneurship, growth disasters, growth miracles, income redistribution, rentseeking, technological progress, Uncategorized Tags: Leftover Left, precariat, The Great Act, The Great Enrichment, The withering away the proletariat
With the withering away of the proletariat because of the great enrichment, the Left over Left coined the word precariat.
The precariat is a social class formed by people suffering from precarity: a condition of existence without predictability or security, affecting material or psychological welfare as well as being a member of a proletariat class of industrial workers who lack their own means of production and hence sell their labour to live. Specifically, it is applied to the condition of lack of job security, in other words intermittent employment or underemployment and the resultant precarious existence. The term is a portmanteau obtained by merging precarious with proletariat.
Very similar to the Karl Marx’s Lumpenproletariat: the layer of the working class that is unlikely ever to achieve class consciousness and is therefore lost to socially useful production, of no use to the revolutionary struggle, and perhaps even an impediment to the realization of a classless society.
One of the drawbacks of the precariat is they are inconveniently happier than Left over Left are willing to give them credit. For example, a lot of women in part-time jobs are happier than those in full-time jobs because of the greater worklife balance. Casual and seasonal jobs pay more too.
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The demonstrably strong support of the working classes everywhere for capitalism
22 Aug 2014 Leave a comment
Henry Hazlitt on wise bureaucrats and farsighted politicians
21 Aug 2014 Leave a comment
in applied price theory, comparative institutional analysis, entrepreneurship, liberalism, Public Choice, rentseeking, survivor principle Tags: fatal conceit, Henry Hazlitt, pretence to knowledge
Should everyone get a trophy in sports or just the winners
21 Aug 2014 Leave a comment
in comparative institutional analysis, entrepreneurship, liberalism Tags: distributive justice, entitlement theory of justice, expressive voting, just deserts, The mirage of social justice
via 57 Percent of Americans Say Only Kids Who Win Should Get Trophies – Reason-Rupe Surveys : Reason.com.
The Industrial Revolution started when people stopped looking at innovation as a reason for a witch-hunt
20 Aug 2014 Leave a comment
Bootleggers and Baptists alert: Mexican cannabis output falls in wake of legalisation
19 Aug 2014 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economics of regulation Tags: black markets, bootleggers and baptists, decriminalisation of marijuana
Farmers in the storied “Golden Triangle” region of Mexico’s Sinaloa state, which has produced the country’s most notorious gangsters and biggest marijuana harvests, say they are no longer planting the crop.
Its wholesale price has collapsed in the past five years, from $100 per kilogram to less than $25.
“It’s not worth it anymore,” said Rodrigo Silla, 50, a lifelong cannabis farmer who said he couldn’t remember the last time his family and others in their tiny hamlet gave up growing mota. “I wish the Americans would stop with this legalization.”
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