Wealth

For 40 years, my

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For 40 years, my argument has been that democratizing ownership of wealth has been the key to egalitarian society and the goals of egalitarian society. But you start at the local level, both at the workplace, community and other institutions and you reconstruct the egalitarian democratized structure as well as participatory structure. And as this … Read more

And what did the

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And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money. … Read more

First, it is providing

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First, it is providing a means whereby key individuals on its payroll are able to obtain both power and wealth through granting special favors to certain politically influential groups that are subject to its regulation. This activity is similar to the ‘protection racket’ of organized crime: for a price, one can induce FDA administrators to … Read more

Collectivists would have you

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Collectivists would have you believe that individualism is merely another word for selfishness, because individualists oppose welfare and other forms of coercive redistribution of wealth, but just the opposite is true. Individualists advocate true charity, which is the voluntary giving of their own money, while collectivists advocate the coercive giving of other people’s money; which, … Read more

New Jersey was actually

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New Jersey was actually a very cold place. There was such an intense concentration of wealth, and such a low concentration of any actual human happiness. A lot of people seem to be similar to the kid in school, which is doing a lot of things with no direct consequence to their joy, or their … Read more