I have been engaged in a vigorous exchange of views with an American, Walker Chandler, of Georgia, who calls himself a Libertarian. He says that Libertarianism is, essentially, the golden rule. Do unto others as you would have others do unto you. He believes mankind, left to its own choices, will engage in a type [..]
Someone once wrote that a person who is honest because he believes honesty is the best policy is no more pious than is a thief. If so, I sit on the same bench as the thief. I believe that honesty and facing up to the music when you screw up is, in the long run, [..]
The Canadian government operates an income program that is so simple and efficient I think even I can explain it. It is the Old Age Security plan.
Also known as the old age pension, OAS is paid to every Canadian citizen who has spent his or her adult life here. We do not make direct contributions [..]
A couple of odd worms have infected capitalism as it is today. These worms are responsible for the explosive growth of huge industries and congomerates. They are also the drug that drives these firms to desperate, sometimes fatal, decisions.
You may be surprised to learn that the parent worm is quite possibly you. If [..]
There is a school of political and economic thought called the “trickle down theory”. The idea is that it is good to have many rich people getting richer. When they invest and spend their wealth, the money trickles down to the people at the bottom of the economic scale.
In fact, I agree with that idea [..]
Unless we are all safe, none of us is safe.
Many situations demonstrate the truth of this idea.
In societies where 90% of the wealth is held by 10% of the people, the 10% dare not leave their barricaded homes without bodyguards. The poor and desperate will kidnap and, or, kill them for ransom or their watches.
John Emerich Edward Acton, Lord Acton, 1834 – 1902, was a writer, publisher, and political philosopher.
He is mostly known for his statement that power corrupts and absolute power corrupts absolutely.
Many other things he originally said ring just as true and eternal.
Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad [..]
Money is the only thing that flows uphill.
If we put money in the hands of the people at the bottom end of the economic scale, they must quickly spend it to live. It flows up to merchants and continues, swiftly, to those at the top of the economic scale. It [..]