Tag: Free Trade

How Did New Zealand Become Rich? – VisualPolitik EN

How Did New Zealand Become Rich? – VisualPolitik EN

You probably know Peter Thiel. He was one of the founders of PayPal, the first investor of Facebook and one of the technological and venture capital most important gurus in the world. He is obviously a multimillionaire and…a peculiar guy. One of his achievements is to finance, for instance, projects to seasteading (building cities in …

Morality & Markets – Man of Systems

Morality & Markets – Man of Systems

Smith thought that those people who believed they knew what was best for others were represented by a figure he called: the “man of system.” The man of system is the man who is entranced, enthralled by his own idea of the ideal, tries to make that ideal a reality. And decides that he’s going …

Adam Smith: Morality & Markets – Is the System Rigged?

Adam Smith: Morality & Markets – Is the System Rigged?

Corruption, fraud, and greed continue to dominate media here in the United States and around the world. As high unemployment and wage stagnation plague the middle class…and growing income inequality has caused millions to wonder: is the system rigged? Is the free market, in its very nature, corrupt? What is the relationship between morality and …

Happy Father’s Day to Adam Smith

Happy Father’s Day to Adam Smith

(laid back music) – For being a role model and shaping our moral sentiments. For letting the kids play outside unsupervised. For always being there to support us with your invisible hand. For teaching us that sometimes the best way to help others is to help ourselves. And for most of all being a cranky …

Morality & Markets – Main Preview

Morality & Markets – Main Preview

Corruption, fraud, and greed continue to dominate media here in the United States and around the world. As high unemployment and wage stagnation plague the middle class…and growing income inequality has caused millions to wonder: is the system rigged? Is the free market, in its very nature, corrupt? What is the relationship between morality and …

Ideas that Changed the World – China Embraces Market Economy

Ideas that Changed the World – China Embraces Market Economy

After Mao died both the Chinese leaders and the Chinese people recognized that socialism didn’t work. Ning Wang is professor of economics at the Ronald Coase Institute, and author with Ronald Coase of the book How China Became Capitalist. They tried new ways to organize the economy. What emerged was spontaneous, was something we here …