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welfare state

Unconditional basic income – an emanation of populism and a misunderstanding of how a market economy functions

The topic of “Unconditional Basic Income” has been increasingly talked about in the last few years. Most commentators with at least a basic understanding of economics and finance have not paid serious attention to the topic, but unfortunately, public interest in the idea is likely to grow. Most recently, the Swiss strongly opposed …

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Singapore: An incredible alternative to the welfare state

John Goodman Lee Kuan Yew, Singapore’s first prime minister, died last week at the age of 91.[1] Almost every biographical note in his memory comments on the radical transition that began under his leadership. As John Fund notes in the National Review: “Through reforms toward free trade, capital formation, a strong meritocratic education system, low taxes …

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On the war against the poor

In the last months of his life, US President John F. Kennedy pushed the idea of a massive political campaign – a war on poverty in the country – through his cabinet. His successor in the White House – Lyndon B. Johnson – further developed the plan and presented his vision of the “Great Society” to the US Congress. As …

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