Government And Business

Policy Digest: Welfare State Edition

You may have heard about “inversions,” which have become a hot topic of debate in the wake of Burger King’s acquisition of Tim Hortons. Megan McArdle provides some much-needed context for that debate (although my jaw dropped when I got to her line about “what you owe the government that raised you”). Cato Institute scholar and Debt Dialogues guest Dan Mitchell has more.
Government And Business

Ayn Rand For Social Justice?

In Free Market Fairness, Brown University political science professor John Tomasi seeks to defend free markets on a Rawlsian “social justice” foundation. In laying the groundwork for his argument, Tomasi thinks it is notable that even most free-market thinkers appeal to “social justice” concerns, i.e., that they almost all — from Adam Smith to Herbert Spencer to Milton Friedman — stress that free markets are good for “the poor.”
Government And Business

Walmart’s Workers Don’t Deserve a Share of Walmart’s Profits

From Robert Nozick’s Anarchy, State, and Utopia: Often people who do not wish to bear risks feel entitlement to rewards from those who do win; yet these same people do not feel obligated to help out by sharing the losses of those who bear risks and lose. [p. 257] This made me think of the people who argue that Walmart has an obligation to pay its workers more rather than allow the profits to go to the owners.
Government And Business

“The Very Rich Don’t Think Very Highly of the Rest of Us”

Here’s how welfare state crusader Dean Baker starts his latest column: The very rich don’t think very highly of the rest of us. This fact is driven home to us through fluke events, like the taping of Mitt Romney’s famous 47 percent comment, in which he trashed the people who rely on Social Security, Medicare, and other forms of government benefits.
Government And Business

I Need Your Support

I’ve entered Think Freely Media’s 2014 Great Communicators Tournament, which asks entrants to make moral argument for freedom. I hope you’ll take a moment to vote for my entry, and to share it with your friends. You can vote once a day, every day, until September 2.

Further Reading

Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
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Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
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