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Government And Business

The Welfare State Myth – Part 3

As I and others have pointed out, all of the risks that welfare state supporters say we need government “social insurance” to protect ourselves against — accident, illness, old age, job loss — can and were addressed privately and voluntarily before the creation of the welfare state: through private savings, insurance, informal help, formal charity and, notably, mutual aid societies.
Government And Business

The Welfare State Myth – Part 2

In his essay, Mike Konczal starts by challenging the view that the American welfare state started with the New Deal. If he can convince us that America was always a welfare state, then not only is it wrong to point to the period before the 1930s as evidence that free enterprise works — but the very notion that American ideals clash with welfare state ideals becomes harder to swallow.
Science And Industrialization

Genetically Modified Monday (#GMOMonday)

On the steps of the Salem, New Jersey, courthouse in 1830, legend has it that a daredevil named Robert Johnson elicited gasps from the crowd when he announced his next trick. Some remarked that he would be dead before morning; others simply watched in horror as he held aloft a small red object.

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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