Free Download: Reframing the Inequality Debate

From Don Watkins at ARI:

Today’s opponents of economic inequality are fighting to dramatically expand government control over our lives, including through higher taxes, a larger regulatory-welfare state and an unprecedented hike in the minimum wage. And they are winning.Despite reams of criticism from free-market-oriented economists, columnists and policy analysts, the inequality alarmists continue to hold the moral high ground in this debate. How can we change that?

In a new essay, Yaron Brook and I argue that the key to turning the tables on the inequality alarmists is to expose them as the enemies of the only kind of equality that matters: political equality. You can download a PDF of the essay at: https://ari.aynrand.org/~/media/pdf/turning_the_table_on_the_inequality_alarmists.ashx?la=en This is a message that urgently needs to be spread. I hope you'll help me out by sharing this as widely as you can.

Venezuelans Living The Socialist Dream: An Equality of Shortages, Lines and Hunger

From Venezuelan farmers ordered to hand over produce to state:

[..] Shortages, rationing and queues outside supermarkets have become a way of life for Venezuelans, as their isolated country battles against rigid currency controls and a shortage of US dollars – making it difficult for Venezuelans to find imported goods.

Pablo Baraybar, president of the Venezuelan Food Industry Chamber, said that the order was illogical, and damaging to Venezuelan consumers.

"Taking products from the supermarkets and shops to hand them over to the state network doesn't help in any way," he said. "And problems like speculating will only get worse, because the foods will be concentrated precisely in the areas where the resellers go.

He pointed to statistics showing that two thirds of hoarders – or "bachaqueros", giant ants, as they are nicknamed in Venezuela – buy their goods from the three state-owned chains, to resell at a profit.

"Consumers will be forced to spend more time in queues, given that the goods will be available in fewer stores."The state owns 7,245 stores, compared to more than 113,000 in private hands. Mr Baraybar said that many of the private shops were in densely-populated areas, meaning that people will now be forced to make longer journeys to the state stores.

Government Creates Harmful Monopolies, The Free-Market Busts Them

According to socialist economic mythology, free-markets create harmful monopolies so "trust-busting" government agencies need to regulate them. The truth is the reverse according to New York's Taxi Cartel Is Collapsing. Now They Want a Bailout. | Foundation for Economic Education:
Think of sectors like education, mail, courts, money, or municipal taxis, and you find a reality that is the opposite of the caricature: public policy creates monopolies while markets bust them.[...]In New York, we are seeing a collapse as inexorable as the fall of the Soviet Union itself. The app economy introduced competition in a surreptitious way. It invited people to sign up to drive people here and there and get paid for it. No more standing in lines on corners or being forced to split fares. You can stay in the coffee shop until you are notified that your car is there.In less than one year, we’ve seen the astonishing effects. Not only has the price of taxi medallions fallen dramatically from a peak of $1 million, it’s not even clear that there is a market remaining at all for these permits. There hasn't been a single medallion sale in four months. They are on the verge of becoming scrap metal or collector’s items destined for eBay.What economists, politicians, lobbyists, writers, and agitators failed to accomplished for many decades, a clever innovation has achieved in just a few years of pushing. No one on the planet could have predicted this collapse just five years ago. Now it is a living fact.

The Energy Liberation Plan

Writes Alex Epstein on The Energy Liberation Plan - Forbes:

The energy industry is the industry that powers every other to improve human life. The more affordable, plentiful, and reliable energy we can produce, the more (and better) food, clothing, shelter, transportation, medical care, sanitation, clean water, technology, and everything else we can have.Unfortunately, because of backwards energy and environmental policies that are anti-development, not anti-pollution, we are squandering the opportunity of a generation, through blind opposition to our three most potent sources of power: hydrocarbon energy (coal, oil, and gas), nuclear energy, and hydroelectric energy.It’s time to replace today’s energy deprivation policies with energy liberation policies.

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