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Tag: Economics

Why good intentions can fail as a starting point for organizing society

In discussions about society and economics, proponents of collectivism often respond to free-market capitalists with incredulity. How could you possibly put profit above the needs of human beings? That is a tragic misunderstanding. And in a domain so important but so closely tied to emotion, it often derails constructive conversation and progress.

The unfortunate consequences of protective social laws in Spain

According to Milton Friedman, the problem with socialism isn’t its intentions; the notions of government helping those in need, and protecting the disadvantaged are honorable. The problem is that when implemented, public funds inevitably end up in the wrong hands, and far more people exploit protection than benefit from it.