Real Life Capitalism Whack-A-Mole

A couple of years ago, I introduced the concept of Capitalism Whack-A-Mole. Capitalism Whack-A-Mole is an argumentative habit of libertarians where they shift between various mutually incompatible philosophical frameworks in order to deal with successful critiques of capitalism. I taped a TV segment today with the Ayn Rand Institute’s Don Watkins about his book “Equal… Continue reading Real Life Capitalism Whack-A-Mole

The Meidner Plan for Socialism

Rudolf Meidner was the Swedish economist most responsible for Sweden’s economic model in the 1950s to 1970s. Near the end of his reign and the golden era of Swedish social democracy, he put forward a proposal that became known as the Meidner Plan. If followed, the Meidner Plan would have gradually transferred ownership of Swedish… Continue reading The Meidner Plan for Socialism

Meritocrats and Egalitarians

When it comes to discussions about economic and social fairness among liberals and leftists, there seems to be a great deal of people talking past one another. This is because a lot of liberals think that they are egalitarians even though they are really just meritocrats. Liberal meritocrats believe they are a different breed from… Continue reading Meritocrats and Egalitarians

Transfer Programs and Black Poverty

A person is in poverty whenever the following is true of their income situation: (Market Income + Transfer Income – Taxes) < Poverty Threshold Thus, there are three ways to lift someone out of poverty: Increase their market income. Increase their transfer income Reduce their taxes. Given that the poor do not pay much tax… Continue reading Transfer Programs and Black Poverty