 | The Mixed Economy - The Foundations of Wealth - Sample 11 Most of us associate wealth with money but real wealth can only be achieved through the production and distribution of goods and services. This sample of a series of ten playful English segments will explain how society evolved in such a way to enable a huge increase in production to be achieved. Of course there were no television cameras or film crews available 10,000 years ago to record what happened, so this series uses cartoons to illustrate how things might have been all those years ago! The Foundations of Wealth is designed to help students understand what the subject of Economics is all about. Economic decisions are made every day even though students may not be aware of them. For example, all of us think about: How will I choose to spend my time today? How will I choose to spend my money? Who made the things I use? How were they made? This series of videos will help explain a great deal about the way in which these decisions are made. http://www.izzit.org/products/index.php |
 | LLF 5 - People's War Libertarianism is the philosophy for the common man. Thus the rural areas will serve as the springboard for the people's world Libertarian revolution to capture the cities. The Libertarian Liberation front aims always towards complete victory of the exploited majority. Take up arms. Begin the people's war of world liberation. The people's war will emancipate the exploited majority. The exploited majority will overthrow the mixed economy. The Mixed economy will crumble before the capitalistic economy. In the capitalistic economy property rights are not infringed on. Infringement of rights is now so much, that companies rely more on Washington then running their company well in order to survive. We will crush the fake capitalists. Long live the people's world libertarian revolution. Freedom is never gained gradually, only lost so. We must claim our liberties once and for all and close the chapter of collectivism and the mixed economy in history. The exploited majority will rise up in revolution and usher in a new dawn of global libertarianism. Long live the people's world Libertarian revolution. Long live the Libertarian Liberation Front. We will crush the anti capitalist! |
 | Mixed signals on the economy Jul. 27 - Healthy second quarter growth in the economy comes as market jitters send mixed signals on outlook. The concern going forward is that with home prices under pressure, consumers may stop spending. Deborah Lutterbeck reports. |
 | Net Neutrality Is Irrelevant Why Net Neutrality is (mostly) irrelevant in determining the freedom we have over the internet. Based on a blog entry at http://rationalanimal.net |
 | Why Unregulated Capitalism Is Moral 4 - Ayn Rand Institute http://www.aynrand.org This is part 4 of a lecture titled "Why Unregulated Capitalism Is the Only Moral Social System," delivered at the University of California, Irvine on April 14, 2008. Yaron Brook is president and executive director of the Ayn Rand Institute in Irvine, California. |
 | Why Unregulated Capitalism Is Moral 3 - Ayn Rand Institute http://www.aynrand.org This is part 3 of a lecture titled "Why Unregulated Capitalism Is the Only Moral Social System," delivered at the University of California, Irvine on April 14, 2008. Dr. Yaron Brook is president and executive director of the Ayn Rand Institute in Irvine, California. |
 | Socialized Medicine and the Subsidy Problem A look into the basic economics behind government subsidies, and why systems built on them- like socialized medicine- are guarenteed to fail. |
 | Re: Socialized Medicine and the Subsidy Problem A few observations to provide an alternative view http://nytimes.com/2007/08/12/opinion/12sun1.html |
 | Macro-economics and macaroni-onics FROM SOCIETY TO ECONOMY: The transformation from personal to corporate welfare in Western countries As westerners we have a natural/cultural belief that families and children are the backbone and future of our society. The generation that preceded us baby boomers, developed a vision of Canadian society which recognizes that we each have a responsibility to each other's basic needs, medical care, education, housing and ability to participate in democratic life. As is clear to most and more clear to those in most need, this positive vision has been supplanted by new policies that has moved us from citizen empowerment and wellbeing. The elitist emerging values see human capital as worthy of support and deference to our economic potential. While it is clear that the working public and the private sector working in a synergist manner is the only way to generate the resources to support our society and its members. Many are not clear that this value orientation began to change in the early and mid 1970's. Academia, led by the University of Chicago School Economics lead by Milton Freedman. Freedman's approach to economic management, coined "Trickle Down Economics", postulated that social spending transferred from citizens to corporations would empower this sector such that it could support the population by creating full employment, thus increasing the wellbeing and tax revenue potential of western societies. Thatcher, Regan, and Mulroney all believed in this top down economic approach. Each changed and to lesser or greater degrees, the modern social and economic contract. Friedman's theories pushed the social contract back toward free market capitalism of a Dickensonian, survival of the fittest sort We chose, beginning early last century, reforms in income security for seniors and the unemployed evolved first as a means to quell social unrest and conflict between capital and labour. By mid-century, in response to voter unrest and new economic understanding, a new economy was further forged. In WWI, the Great Depression and WWII each contributed to the advancement of Women's rights, Child welfare, Better access to healthcare education and income security. From the end of WWII until the mid 1970's, socio-economic philosophy, and citizen activism had forged a new, more humane approach to government responsibility and economic management. The parents of us baby boomers were at the political heart of the mixed private and public economies. Two influential economic philosophers, Keynes, a Brit, and Galbraith an American, articulated the first new western economic system since Adam Smith's Wealth of Nations almost two centuries prior. The functionality, stability, efficiency and moral superiority of a "demand side" mixed economy had thus been proven in the twentieth century. Keynes' and later Galbraith's "demand management" approach puts money (income security for seniors, the unemployed, families and the sick). By virtue of spending on food to cars to fridges, supports, stabilizes and grows people, the economic corporate structure, and the tax base. This philosophy includes the provision of resources (education, healthcare, day care, housing) in the hands of the citizens. Taxes on individuals and corporations, capitalize the new more equitable and empowering social contract structures and processes. Beginning in the mid-seventies intellectual, corporate and ruling elites re-adopted aspects of the two hundred year old laissez-faire economics of Adam Smith. In the Regan administration Reganomics-laissez-faire form created the ability to drop taxation on corporations and transfer huge amounts of public money to private corporations. Not only have we seen a devolution of social justice, we have endured the effects of a massive transfer of public capital from the public economy to the private economy... |
 | Unrepresented (redux) A video essay and personal manifesto. This is a redone version of a previous video and should have better sound. Unrepresented An Essay Today, the government of The United States of America does not represent me. Today our government is a bastardized version of what it should be. It is a mixed-economy quasi-socialist welfare state and regulation-mad nanny state all at once. We have a political spectrum split only on the specifics of how we can further depart from the notion of natural individual rights. The Left wants to expropriate property for the sake of spreading it out evenly among producers and non-producers alike. The Right wants to legislate on us a dogmatic behavioral code based upon Judeo-Christian values. The Middle-of-the-road is barely worth mentioning; they are merely political ballast drifting along any random current. I am an American by birth and by my chosen values. Those values are: the use of reason instead of the initiation of force; individual rights as a natural part of every single human being's existence; and liberty...the liberty that is present only when the government's powers are restrained to the retaliatory use of force...and that only against those whom initiate its use. I am a Laissez-faire Capitalist by conscious conviction and an opponent of every variant of statism. I am not represented by the welfare-statists who believe it is their right to steal from me the product of my work in order to redistribute such to people who did not produce it. I am not a serf working for the sake of others. I do not hold anyone's need, real or imagined, as a claim on my energy, my time or my life. I live for my own sake and my own happiness. In sum I hold that each individual is the proper beneficiary of his or her own actions and thus has the moral right to the disposition of the fruits of his or her labor. I am not represented by the demagogues who posture as an enlightened minority able to discern the mind of some undefined deity and regurgitate its alleged will in the form of directives concerning how I live my life. I hold my own personal judgment as the highest authority in my life and my reason as my sole means to gaining knowledge. I stand in direct opposition to any would-be dictator who wishes to direct how I live my life or even end it...who attempts to control what I read, view, or listen to...who holds no distinction between a fragment of undifferentiated tissue and a born human being and thus demands more and more control over our very bodies. I am not represented by the idea that my interests—or the interests of human beings as such—should be sacrificed to the alleged interests of dirt, bugs, plants or animals. I do not hold man and nature as antagonistic. I hold that man is a part of nature and has acted according to his nature in the development of industry and technology. I do not give my sanction to the wave upon wave of nonsensical pseudo-science that saturates our media, warning us at every turn of some ridiculous impending doom. I hold that man's life is the only true standard of value on the earth. I am not represented by the idea that I am a perpetual victim ever in need of protection by an omnipotent government against a malevolent reality with which my mind is somehow incapable of dealing. I hold that I have free will and am not moved by forces internal or external unless I ultimately decide to be moved. I am not represented by those movements in our society that seek to equate our modern, technologically advanced way of life with the primitive, savage cultures of the third world. Our only relationship in any primitive region should be that of capitalistic investment based on legitimate economic interests, i.e. private interests. In other words we should not be bleeding our wealth-creators dry in the name of altruism for the sake of temporarily feeding some mud-pit community somewhere just to have to do it again the following week, month or season. We are not the world's grocery store! No culture on Earth, past or present, is equal in economic efficacy or general practicality than our capitalist system...and that considering how precious little of that system is left. I am not represented by either those who believe that morality is dictated by some unearthly spirit through its chosen vessels or those who believe that morality is merely a mental parlor game that changes with any random whim. I hold that the base of morality is objective reality, that the objective, universal standard of morality is man's life and thus anything that benefits man qua man, qua rational being, is The Good and anything that is detrimental to man is The Evil. I represent myself. I do so with my values and with my words and actions. I do not represent others and no others represent me. |
 | Asia Stocks Mixed, Nikkei Down Hong Kong and Australian stocks were up, but China stocks fell sharply in the morning session due to severe winter storms. ZHANG: Asia stocks were mixed on Friday, as concerns eased over the financial health of top bond issuers in the U.S. who had been hit by the subprime mortgage crisis. Japan's Nikkei edged lower (decrease 0.7% to 13497 points) amid fears of poor U.S. jobs data later in the day. A lower profit forecast by electronics giant Sony also weighed on the market, its shares falling over 8 percent. Analysts say a weakening U.S. economy and a stronger yen could hurt profits of the maker of PlayStation 3 video game consoles. China stocks fell sharply in the morning session, as severe winter storms continued to cloud the economic outlook and hit transport networks across the country. PetroChina fell over four percent, dragging down the index. Elsewhere in Asia, markets rose slightly after one of the worst months on record. Recently battered Australian stocks were up 3.4 percent, as investors shopped for cheap bank and property stocks. Shares of mining firm BHP rose ahead of an anticipated new bid for peer firm Rio Tinto next week. Hong Kong's benchmark Hang Seng index rose 2.9 percent, reacting to yesterday's gains on Wall Street, and as investors went bargain hunting. Elsewhere in the region, Taiwan gained 2 percent, while South Korea edged up by 0.6 percent. |
 | 'Today' Sends Mixed Signals on Markets Read More Here: http://www.businessandmedia.org/articles/2008/20080317102510.aspx The NBC "Today" show can't seem to decide on an angle for its coverage of troubling developments on Wall Street over the weekend. Host Matt Lauer declared a "Code Red" for the economy on March 17, reporting that Bear Stearns -- once a highly respected investment bank -- tanked last week and was bought by JP Morgan Sunday night for only $2 a share. |
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