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You are here: Home / Archives for Economy

Freedom comes at a price – part III

05/12/2014 By Sabrina Leave a Comment

About socialism…

Economic socialism, such as what was conceived by Marx, is founded on two fundamental pillars:

1. Public property of the measures of production, work and capital.
2. Creation of a central planning organ (council of knowledge) that determines who, what, how much and when to produce.

Criticisms of socialism, theoretical impossibility and practice.

As they already explained in the 20’s and 30’s of the last century, the theories of the Austrian School of Economy, lead by Ludwig von Mises and Friedrich Hayek, and more recently by Jesús Huerta de Soto and Hans-Hermann Hoppe amongst others, the communist type of socialism is not technically possible for the following reasons:

1. Socialism assumes that all the available information can be managed by a central authority (regardless of the number of managers) overlooking that today’s society is based on the use of widely dispersed knowledge that far exceed the capacity of any individual mind. It’s said, the total volume of information is so immense and continuously changing, it is technically impossible to conceive that you can get to know it and process it centrally with no governing body. Today, there is no human or machine capable of compiling, accumulating, processing and managing all the ever-changing information (likes, needs, market circumstances…) to successfully organise and coordinate the running of societyContinue Reading

Wrong thoughts about charity

14/10/2014 By Sabrina Leave a Comment

Ayuda solidaria

Dan Pallotta: The Way We Think About Charity Is Dead Wrong

The things we’ve been taught to think about charity and the nonprofit sector are actually undermining the causes we love and our profound yearning to change the world.

If we really want a world that works for everyone, with no one and nothing left out, then the nonprofit sector has to be a serious part of this. However, what the nonprofit sector is doing doesn’t seem to be working; poverty and homelessness still exist and cures for cancer haven’t been found. This is because these social problems are massive in scale and our organisations are tiny up against them, and we have a belief system that keeps them tiny. We have a different set of rules for the nonprofit sector than for the rest of the economic worldContinue Reading

Freedom comes at a price – part II

08/04/2014 By Publisher Leave a Comment

Democracy in practice, problems

All of the different types of existing democracy (participative, representative, direct and their variants) are based on the creation of a State that regulates, coordinates and controls life in society within a determined territory. To summarise, the State is created in order to protect us from aggression, nature and other human beings, those within our borders in addition to those outside of them. It therefore is providing a coactive power, or imposing adherence to it’s principles and norms through the use of force or threat.Continue Reading

Freedom comes at a price – part I

25/03/2014 By Publisher Leave a Comment

About our origins…

Humans have gone through innumerable stages throughout existence. Information about our origins is distorted and inaccurate even today. It’s of course difficult to determine in an objective and empirical way the advance or regression of civilisation in a relatively short time frame, but it’s a certain and irrefutable fact that we’ve notably amplified our knowledge throughout history. This must be seen as something positive given that it allows us to cope better with our hostile environment and also with ourselves.

We don’t know if we took our first steps alone, in any case, if we did and had continued to do so, norms and values would be meaningless. Man, to make life easier and to increase chances of survival, decided to set out in group, in society. Values, norms and organisational needs become essential in order to live in society in peace and harmony.Continue Reading

The privilege of the bank

07/03/2014 By Publisher 1 Comment

House on fireThe issue of the way the banking system functions in general and the privilege commercial or private banks have particularly over other economic agents is a matter that hasn’t been given the broadcasting and publicity it deserves. The lack of interest governments have had in informing citizens as they ought to is unsurprising, as Henry Ford said, “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morningContinue Reading

What is Bitcoin?

24/10/2013 By Publisher Leave a Comment

What is Bitcoin? – A path not taken

bitcoinBitcoin is a decentralised electronic currency, devised in 2009 by a developer who has come to be known as Satoshi Nakamoto (although his true identity is unknown).  The name Bitcoin is also applied to the free software designed by Nakamoto for the management of this currency, and the P2P network (peer to peer, or a network of “pairs” under the same protocol), which provides support.Continue Reading

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