There has been way too little defense of free markets. There are many ways in which business elevates humanity. Capitalism is based on doing things for others, things others find value in. Innovation and value creation are inherent in free-market capitalism.
Articles tagged as
Philanthropy
Notable Quote – Prof. Don Boudreaux
He [J.D. Rockefeller, Sr.] was also insistent that his massive philanthropy paled in importance beside the good he had done in creating jobs and furnishing affordable kerosene at Standard Oil. DBx: Rockefeller was correct. Wealth cannot be philanthropically given away unless it is first created. Nor can wealth be “redistributed” by the state unless it … Read more
James Madison vs AOC
The Effect of Self Interest Motivation on Income Redistribution There is a transitional gain that occurs when self-interested individuals secure a flow of benefits to be redistributed their way. The flow of benefits gets capitalized into assets with the transfer. Recipients receive only a normal rate of return on their now more highly valued assets. … Read more
The Law Can Never Be Philanthropic
The law (justice) can never be philanthropic. It cannot guarantee property of any kind to anyone because the law has no property to give. The law does not create property. The Law does not summon property out of thin air-where none previously existed. The Law can only take from someone else what is theirs.
It therefore behooves those charged with writing and managing the law (and more importantly those who elect or appoint the stewards) to ensure that philanthropy is not the foundation of the States interest. The only way to fulfill that interest is through the progressive accumulation of other people’s property under the cover of legalized plunder. The only way for the law to be philanthropic is to legalize theft.