Is manchester capitalism a proof for the negative impact of austrian economic school of thought?

Is manchester capitalism a proof for the negative impact of austrian economic school of thought?

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To the best of my understanding, Austrian economics and Manchester capitalism share several core principles, such as a commitment to free markets, the rejection of government intervention, faith in the invisible hand (à la Adam Smith), and an emphasis on individual action. However, Manchester capitalism led to severe issues: widespread poverty, inhumane working conditions (child labor, 70-hour workweeks, lack of safety regulations), overproduction, and massive social inequalities. If we assume that Manchester capitalism adhered to the fundamental “rules […]

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Best economic arguments against UBI?

Best economic arguments against UBI?

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I have a friend who is a huge believer in UBI. He actually is hoping for AI to replace all jobs so the government will just pay people to stay at home and play video games all day. I try to tell him about inflation and how prices will probably explode if everyone is given all this disposable income. What’s the best way to explain to someone the potential downfalls of UBI? submitted by /u/BottleOfSmoke998 [link] [comments]

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AnCapism and nature?

AnCapism and nature?

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I am just a passerby but i want to ask someone who knows the answer. I understand that anarcho capitalism is a world where world is controled by market and stuff. One of the closest we got to an apism in my ooinion is the wild west. Almost no say of the government and no taxes paid to the govenment and security hired on demand and protection provided if paid for. But every ancap society trlies on exploiting […]

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Prof. Andrew Koppelman on "The Cultural Contradictions of Wokeness—and Anti-Wokeness"

Prof. Andrew Koppelman on “The Cultural Contradictions of Wokeness—and Anti-Wokeness”

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My sense of Koppelman is that he’s very much a man of the center-left, but I’ve found his work to be insightful. Here’s an excerpt of his latest column in The Hill, which builds on Musa al-Gharbi’s We Have Never Been Woke: The Cultural Contradictions of a New Elite: American elites need to do a better job of making themselves useful…. The cluster of political positions and communicative moves called “wokeness” is often alien to the people it claims […]

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Congress Sanctions a Syrian Government That No Longer Exists

Congress Sanctions a Syrian Government That No Longer Exists

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If a government falls in the world, but Congress isn’t around to hear it, did it really fall? Apparently not. The military budget signed into law by President Joe Biden on Monday includes a five-year renewal of the Caesar Civilian Protection Act, an economic sanctions package designed to lead to the overthrow of Syrian ruler Bashar Assad, which already happened weeks ago. The Caesar Act is not just a case of Congress passing redundant zombie legislation. It’s also […]

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President Judges

President Judges

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That’s the term, it turns out, in Pennsylvania and Delaware: Not chief judges, not presiding judges, but president judges. (They are sometimes referred to as presiding judges even there, but the official title appears to be President Judge.) The post President Judges appeared first on Reason.com.

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Depois de pressão social, Lula sanciona lei do BPC com dois vetos

Depois de pressão social, Lula sanciona lei do BPC com dois vetos

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O presidente Luiz Inácio Lula da Silva sancionou, nesta sexta-feira, 27, a lei que altera as regras do Benefício de Prestação Continuada (BPC), introduzindo a obrigatoriedade do cadastro biométrico. O texto, oriundo do pacote de corte de gastos, teve dois vetos. A nova legislação foi publicada em edição extra do Diário Oficial da União (DOU). Com a sanção, duas partes do texto do pacote de corte de gastos aprovado pelo Congresso foram vetadas por Lula. Portanto, os trechos […]

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