Creatively Advancing into Novelty
“What differentiates system change from reforms? Reforms refer to government interventions that still leave employers in the exclusive position to make the basic enterprise decisions: what, how and where to produce and what to do with profits. Reforms include minimum wage laws, redistributive tax structures, and enterprises owned and operated by the government. They range…
“I’d like to talk about an idea that is often abused. The idea is the following: If we want to have workers [be] better off, well then we should do more in the way of educating them. This is a kind of idea that somehow conveys the dangerous notion that the unemployment suffered by many,…
“Lets remember what a market is. A market is not what is taught in the university; it’s not about supply and demand. Markets do not supply what people demand. They supply what people can afford. That’s a very different thing. We could easily right now come up with the demands we think a society like…
“The fact that the state regulates private capitalist enterprises and operates state capitalist enterprises does not reduce the capitalist structure of an economy. So long as employers, private or state, hire laborers to produce commodities and generate profits that the employers “exclusively” receive, the economy has a capitalist structure. So long as it is exclusively…
Broadly defined, the government intervenes economically by regulating the economic interactions among and between enterprises and individuals. It does this by taxing their activities (earning income, owning wealth, spending money, and so on) and by making rules governing those activities. However, the real contents and effects of government regulations depend on the interests that govern their design and implementation….