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Post Archive by Month

Below you'll find a list of all posts from August, 2000

Analyzing the Proposed Standard Hours of Work

The five proposed Labour Bills that will be considered by Parliament this session will impact tremendously on most businesses. Although …

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The Unemployment Bill Raises the Cost of Business

The wage and benefits portions of the proposed Minimum Wages Act and the Employment Act represent a de facto National …

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Recent Posts

  • Capitalism and Asymmetric Information
  • Can you get something for nothing?
  • The Centenary of Ludwig von Mises’s Critique of Socialism
  • Ibn Khaldun: An Arab Scholar 21st Century Politicians Could Learn From
  • ESG investing: Good for people and the planet?

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  • Capitalism and Asymmetric Information
  • Can you get something for nothing?
  • The Centenary of Ludwig von Mises’s Critique of Socialism
  • Ibn Khaldun: An Arab Scholar 21st Century Politicians Could Learn From
  • ESG investing: Good for people and the planet?

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Thought To Ponder

So, I would argue that the services have been I think disappointing is putting it mildly. They've been disastrous. They've been appallingly bad. Much worse than would have existed, even if no welfare state had been created. In fact I would argue especially if no welfare state had been created, because the systems that existed before were very substantial and growing and improving dramatically. But they weren't perfect, and that is in a way is the great trouble with the development of welfare states. You have a system that's not perfect but actually doing quite a lot of good stuff and then someone comes along and says, "ah, we can make this perfection. And so we can make this much better. We will have free for everybody, high class whatever it is." And the result is you have lower standards and it doesn't work out at all. And that's, the desire for perfection can be very dangerous.James Bartholomew
… (next quote)

Thought to Ponder

Indeed, “the market” is nothing more than a summarizing term to express the arena in which multitudes of individuals meet and interact as suppliers and demanders for the purpose of mutual gains through trade.Richard Ebeling
… (next quote)

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