Articles & Blogs, Category = Opinion & Ideas

Category: Opinion & Ideas

Don’t Be Fooled – Big Business Loves the Nanny State

“There is a big difference between being pro-freedom and being pro-business, and the public health debate illustrates this point very well. Whilst advocates of authoritarian ‘nanny-state’ programmes often like to paint a picture of a battle between a virtuous state and avaricious businesses – and accuse their opponents of cosying up to ‘Big Sugar’ and the like– the reality is much less clear-cut. In fact, big business is often very happy to collaborate with the government in pursuit of paternalistic objectives.”

Andrew Yang: We Need a Human-Centered Capitalism

“Andrew Yang’s universal basic income proposal has gained a lot of attention, but it is just one part of his ‘human-center capitalism’ philosophy. Human-centered capitalism calls for government to refocus on human wellbeing, not GDP growth, as the go-to metric of economic success. Yang is one of many thinkers looking to update capitalism for the 21st century.”

The Moral of the Story

Oliver Wiseman, Editor of CapX, argues: “Part of what we have done at CapX is the unfashionable work of sticking up for the world as it is. That means countering a pessimistic narrative peddled by capitalism’s opponents. It means pointing out that, beyond the alarming headlines, there has never been a better time to be alive – and that this remarkable state of affairs is thanks to, not in spite of, the innovative, liberating power of the market.”

Are Economists Blocking Progress on Climate Change?

Dutch economist Servaas Storm: “progress on climate change demands collective action, both between nations and within nations. Questions of who is paying the cost and who is getting the benefits are critical. We need coordination, direct steering and guidance of investment, research and develpment, along with innovation and mechanisms for burden sharing. The effort can only work if it is inclusive, democratic and fair: the strongest shoulders must carry the largest burden.”

It’s Time We Tear Up Our Economic Textbooks and Start Over

“The role of introductory textbooks is not to educate the next generation of economists. They will take many courses. For most of us, the purpose of studying economics is more modest. It is to make the world a little more understandable and, with luck, to force us to acknowledge what’s realistic and what’s not. But to play this constructive role, the textbooks must be up to date.”

From Folkways to Institutions: Why Culture Matters for the Economy

This article discusses various economists on the relationship between culture and economics: “on our efforts to reduce poverty and spur economic growth, we can be overly consumed in debates about top-down policy tactics and the proper allocation of physical resources. Yet, (…) the distinguishing features of free and flourishing societies are more readily found at the levels of culture—attitudes, beliefs, and imagination.”

The Right-Wing Case for Basic Income.

“In our current welfare system, there are a myriad of programs that each deal with a different aspect of life for the poor. One program provides food aid, another deals with housing (…). A large number of regulations, such as minimum wage laws, exist to help hold wages high enough to keep other working people off the welfare rolls. Friedman viewed this multitude of agencies as wasteful and suggested that a single program would do the same job with a smaller government by just giving cash to people who needed it. As a libertarian who placed a high value on the freedom of choice, he also suggested it was a much more dignified way of helping the poor than telling them what they could and could not do with the money we give them (…).”

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