Opinion from a Libertarian ViewPoint

Posts Tagged ‘free-markets’ Toronto Discovers Free Markets: The Toronto Apartment Boom Miracle?

Posted by M. C. on October 12, 2019

Well, how about that, Toronto’s apartment crunch is finally easing, reports Bloomberg.

The city is starting to see vacancies again.

The vacancy rate rose to 1.5% in the second quarter, the highest since 2015 and things are looking up.

Nine new buildings totaling 3,078 units began occupancy in the 12 months through June, a 25-year high for annual completions. And things are only going to get much better.

The number of units proposed by builders reached a record 44,093 units in the second quarter.

The secret ingredient that is causing the Toronto apartment boom miracle? Free markets.

“The growth in purpose-built rental applications follows the provincial government’s recent removal of rent control for new buildings,” according to the research firm Urbanation.

Someone should forward this news to California Governor Gavin Newsom (See: California Governor Signs Law to Prevent Easing of Housing Crisis).


Be seeing you

Housing and Gentrification | Chicago Socialists

Chicago progressives…err…Socialists


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Do We Need a ‘Department of Children’?

Posted by M. C. on July 29, 2019

I am sure glad Democratic presidential candidate Marianne Williamson is not registering at significant levels in the polls. I hope it stays that way.

She appears to have no idea as to the problems with central planning. She talks about the problems inner-city pre-school children have but appears to have no ability to link it to government programs that encourage the split-up of families, programs of coerced public school cockroach education that create multi-generational problems and government minimum wage laws which prevent inner-city youth from getting that very important first job.

She doesn’t notice any of this government failure and instead calls for more government “solutions”!

The answer is, of course, free markets and the end to government interventions in families, education and employment, not an expansion of government in the abuse, and that is what it would be, of pre-schoolers.

Quite frankly, Willaimson wouldn’t pass a background check for babysitting even Donald Trump.

According to a 1992 Skeptical Inquirer magazine article by Martin Gardner, in the past she has been “mired in a series of unhappy love affairs, alcohol and drug abuse, a nervous breakdown, and endless sessions with therapists” and she holds the view that “sickness is an illusion and does not actually exist.”


From a new Willaimson press release:

One of the pillars of my campaign for the presidency is a commitment to see every child in America — regardless of their zip code — attend schools that are, as I have called them, palaces of learning, culture and the arts…

Even in the most advantaged schools, children’s needs often go unmet…

This new department will implement integrated and systemic “wrap-around services” that focus on providing a whole-systems approach through intensive family and community-based programs focused on addressing and improving factors that impact ALL children living in the U.S.


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How Boris Johnson Can “Make Britain Great Again” | Mises Wire

Posted by M. C. on July 13, 2019

In twentieth-century Britain, the success of free markets bred a peculiar form of envy, based on the erroneous idea that the accumulation of wealth was at the expense of the labouring classes. It also played to intellectual and middle-class guilt. In defiance of all the evidence, it was popularised by the followers of Karl Marx. This was the basis upon which the Labour Party became a force in British politics.

A future prime minister must have a clear understanding of his enemy, the socialist myth, why it fails, and why free markets succeed.

Successful societies all have one thing in common: the freedom of individuals to cooperate socially in the pursuit of their needs and desires. Uniquely in the animal world, the human race deploys individual skills to produce what others want, and those others reward the individual on the basis of his or her ability to do so. Despite his inferior physical characteristics compared with other animals, it is through specialisation, the division of labour, that the human race has become dominant. The key to human success is the ultimate democracy inherent in the division of labour. It means the customer is king and all economic effort is expended toward his satisfaction. Individual success is rewarded by the improvement in living conditions for all. It defines human progress.

Truly, it is proof that free-market competition is more successful than any form of consensus.

The full economic potential of a free society is hardly ever realised. Island states, such as Hong Kong and Singapore have achieved it, but in the larger nations the development of true economic liberalism reached its zenith in Britain following the repeal of the Corn Laws and eventually all other tariffs. The improvement in living standards for the British people was truly remarkable, and the subsequent accumulation of productive wealth was unprecedented…

Socialism is incapable of fostering progress, because it cannot exercise commercial judgement unfettered by non-commercial considerations. It is a monopoly becoming less efficient by the day. The state is only able to assume that what happened in the past will happen in the future. There is no room for progress in the state’s static calculations.

Progress is the defining feature of dynamic free markets. In socialism we observe the state removing productive resources from the individual by confiscating his property, and in free markets the individual in his own interests serves his fellow men to their greatest satisfaction. The baker bakes bread for the builder; the builder builds shelter for the tech entrepreneur; the tech entrepreneur provides the media for the baker and the builder to enjoy their leisure. The state simply cannot devise an economic role for itself by interposing in these transactions.

Public support for socialism is not based on reason, but emotion. It draws on Christian values and morality, in which a concern for the welfare of the common man is expressed. As a competitor to religion, socialism replaces the deity with the head of the state: this was Karl Marx’s creed, considering himself as the head of a unified world state and Engels as his enforcer. Christians were the useful idiots on the way to this godless nirvana…

If Boris Johnson is to succeed in “Making Britain Great Again” he must understand the fundamental differences between socialism and free markets. He must observe and learn from Trump’s errors to not fall into the traps Trump has set for himself. He must be guided by free market principles, despite the howls of outrage that will continue to be a feature of his premiership, just as they have been of Trump’s presidency.

A nation is only successful despite its government.





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Socialism for Dummies – LewRockwell

Posted by M. C. on March 15, 2019

By Jane ten Brink

I wrote the following to a friend who is now retired, but who worked for most of his life for the Austrian National Railroad (the ÖBB), an entity that has been strongly governed by socialist thinking. It therefore came as no surprise to me early on that my friend was completely governed by a socialist mindset (when I first got to know him about three years ago, he was reading some biography of Karl Marx!)

While this friend has never lived in luxury, his standard of living throughout his life and unto this day would most certainly be considered “luxury” by a good portion of the world population.

And, yet, my friend complains that he does not have enough (he thinks he should have more), and blames for this the evil, capitalist system.

My friend’s reason for blaming the evil, capitalist system for his allegedly „struggling-to-survive“ existence is that according to him, a bunch of greedy, rich guys have exploited „us“ by not turning over to „us“ more of their wealth (he believes that wealth should be more evenly distributed).

But my reason for why my friend is blaming capitalism is „envy“. Read the rest of this entry »

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Why the Left Isn’t Convinced by Your Economics Arguments | Mises Wire

Posted by M. C. on February 10, 2019

The Left has spent many decades putting their ideas into practice through classroom instruction at all levels of education, and by creating and writing songs, books, movies, and a host of other media for communicating their historical and moral views. It remains unclear if many advocates for free markets have much interest in putting a similar amount of effort into promoting their own views.

Among advocates for free-markets, I’m often told that the unconverted will embrace free-markets if only we explain to them “good economics.”

But here’s the problem — many anti-capitalists  don’t think economics is a real thing, a real science, or anything other than corporate propaganda. They think it’s something invented by wealthy people to create a fake philosophical justification for why they should be allowed to keep their riches.

In other words, these leftists think that your appeals to “economic science” are just a ruse for pushing an ideology invented to keep poor people poor and powerless.

Economics as Corporate Propaganda

But don’t take my word for it.

In an essay on “corporate propaganda and global capitalism,”1 Sharon Beder explains how the promotion of “neoclassical orthodoxy” by “neoconservative economists” [by which she just means free-market economists] in the past was little more than a propaganda campaign to convince people that their own interests coincide with those of private businesses.2 These economic theories have a patina of real scholarship so as to look like:

An elegant body of microeconomic theory [which] shows that under certain circumstances the general good… will be promoted by a set of competitive markets and integration into the world economy.

But really, these theories exist to give “a public-interest rationale to liberalisation, deregulation and privatisation that provided cover for the self-interested motivations of corporations.”

This conspiratorial view is likely far more widely held than many economists would like to believe.

In his book Financial Literacy Education: Neoliberalism, the Consumer and the Citizen, Chris Arthur regards “economics education” as little more than a form of social conditioning, and relates how “the expansion of business propaganda” was made possible by organizations like “Junior Achievement founded in 1919 to teach American students the importance of learning to ‘work effectively and to become a useful, self-supporting, honorable member of society.'”

Needless to say, Arthur does not quote the mission statement from Junior Achievement with approval. Read the rest of this entry »

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