By Dr. Barbara Kolm, Director, Austrian Economics Center During the annual World Economic Forum in Davos, Switzerland, which took place in January, the newest edition of the Edelman Trust Barometer was released. The results were shocking to say the least: 56 percent of respondents agreed that “capitalism as it exists today does […]
Tag: redistribution
Beware AMLO’s authoritarian tendencies
“AMLO and the “Fourth Transformation” in Mexico” By Roberto Salinas-León, courtesy of the Cato Institute According to Enrique Krauze, Mexico’s prominent classical‐liberal intellectual, new “winds of authoritarianism” are sweeping across Latin America, characterized by all‐mighty caudillos who ascend to political power via democratic means, but who then seek to concentrate control over a tightly knit polity […]
Yes, the rich do pay their fair share of taxes
“The Myth That the Rich Don’t Pay Their ‘Fair Share’ of Taxes” By Gary M. Galles, courtesy of the Foundation for Economic Education Elizabeth Warren and Bernie Sanders have led the charge to add many zeros to what some Americans should be given at others’ expense. As a result, they have doubled (or […]
Natural disasters encourage redistributionist opinion
“How earthquakes affect social preferences” By Giovanni Gualtieri, Marcella Nicolini, Fabio Sabatini, courtesy of IZA Imagine you have to explain inequalities to your kids. Would you say that differences in income and wealth are a matter of luck? For example, the luck of being born in the right place into the right family. Or […]
Organized crime is Europe-wide (and no, it’s not just from you know where)
“Mafia and the market” By Sergio Beraldo, courtesy of IREF Many people share the opinion that Mafia is a typical Italian phenomenon, something about which only Italians should worry. This opinion is wrong. Data recently released by Europol show that thousands of criminal organizations active in Europe can be labelled as of mafia-type, with […]
Much of “Green New Deal” has nothing to do with the environment
There a couple plans for the “Green New Deal” circulating in the U.S., UK, and elsewhere, all supposedly intended to tackle the causes of climate change with sweeping measures to de-carbonize society. Except as Tim Worstall of the UK’s Adam Smith Institute points out, […]