Tag: Capitalism
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Sweatshops best alternative for workers in many countries
While sweatshops are not the place most Americans would choose to work, they are often the best alternative available to workers in some countries. Pay is low compared to U.S. standards because worker productivity is low, and the process of economic development will lead to increases in productivity and pay. But most policies promoted to…
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Will the real robber barons please stand up?
At the April 13th meeting of the Wichita City Council a request from downtown developer Real Development will be made for an additional $2.2 million taxpayer subsidy for its condo project Exchange Place, located at Douglas and Market. With two weeks to go before this public hearing there is still time for council members to…
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Stealing Capitalism: The Crime of the Century
It’s been 105 years since a clandestine plot was hatched to purloin America’s capitalist system and replace it with socialism.
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Detroit, corporate welfare and Wichita’s future
Recently The Eagle printed an article by Molly McMillin, a well-respected aviation and business reporter. The question asked throughout the article is one that Wichita leaders and citizens have been asking for some time: What can we do to prevent Wichita from falling into the hole that is Detroit? A simple answer is to continue…
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United States Government customer service: think twice
For those who argue that we should turn over more activity — such as health care — to the federal government, take a close look at a government monopoly that’s been around for a long time.
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Regulation has not lessened, instead it has harmed us
Last week’s Wichita Eagle featured an op-ed by Brad Beachy, who is co-chairman of Wichita Democracy for America. Several of the claims made by Beachy deserve examination. In particular, Beachy blames free markets as the cause of our current economic problems: “The Great Recession we’re in now started in late 2007, after several years of…
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‘Economic Freedom and the Wealth and Health of Nations’ lecture to be in Wichita
Do you know where the United States ranks on the global index of economic freedom? (Hint: It wouldn’t get a medal.) The answer is in the latest edition of the Economic Freedom of the World report. Dr. Robert Lawson of Auburn University is co-author of this popular and widely cited report. He will be the…
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Government spending does not create prosperity
In his op-ed Don’t buy canard about spending, Alan Cobb of Americans for Prosperity writes about the illusion that government spending creates economic growth. It’s an important topic, as we’ve just been through nearly a year of Obama stimulus spending, and people are wondering if the effort has paid off. Locally in Kansas, spending advocates…
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Don’t buy canard about spending
“Canard” is a funny word. It keeps popping into my head anytime I read another self-anointed do-gooder who claims that government spending leads to economic growth.