Tag Archives: Free Market

Firestone Did What Governments Have Not: Stopped Ebola In Its Tracks

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“Firestone detected its first Ebola case on March 30, when an employee’s wife arrived from northern Liberia. She’d been caring for a disease-stricken woman and was herself diagnosed with the disease. Since then Firestone has done a remarkable job of keeping the virus at bay. It built its own treatment center and set up a comprehensive response that’s managed to quickly stop transmission. Dr. Brendan Flannery, the head of the U.S. Centers for Disease Control and Prevention’s team in Liberia, has hailed Firestone’s efforts as resourceful, innovative and effective.  Currently the only Ebola cases on the sprawling, 185-square-mile plantation are in patients who come from neighboring towns.”

http://www.npr.org/blogs/goatsandsoda/2014/10/06/354054915/firestone-did-what-governments-have-not-stopped-ebola-in-its-tracks

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Can Free Zones in the Middle of the Jungle Save the Developing World?

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“Honduras is one of the poorest countries in Latin America. It has the highest murder rate in the world by double. It’s a place ravaged by the illegal drug trade and political instability. As recently as 2009 the military ousted a president pushing to modify the constitution in order to extend his own term. It may seem like the last place on earth where businesses would want to invest, or where people would want to move.   But there’s a new idea about to be tried in Honduras.  Some call it a Startup City or Free City, others a LEAP Zone, and in Honduran law it’s known as a ZEDE. They are politically autonomous, privately run zones that supporters believe could transform the entire developing world.”

http://reason.com/blog/2014/08/21/can-free-zones-in-the-middle-of-the-jung

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Bill Bonner: A Secret Only a Tiny Number of Investors Understand

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“‘The last century was America’s century,’ says our Chinese colleague. ‘This is China’s century.’  ‘You know why America was such a success,’ he continued. ‘Because it was a fairly free market with massive domestic demand. Companies could scale up in the highly competitive US market. That would make them larger and more advanced than their foreign competitors. They could then enter foreign markets and easily beat the locals. China is full of new companies. Everything is new. And the internal market is fairly free compared to America. Talk about scale. These companies have massive domestic growth and learning capacity before they have to compete on the world markets.”

http://bonnerandpartners.com/secret-tiny-number-investors-understand/

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Jeffrey Tucker: Why Imagining Freedom Is Essential

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“My whole experience suggests that personal inspiration is the ingredient lacking in the current generation of people who have come to love liberty. They have access to texts, knowledge, and theory as never before in human history. What they lack is a method for using what they know and the personal drive to do so. People are too quick to blame outside forces for failure without realizing that outside forces conspiring against progress are part of the structure of all environments in all times and places. This book provides that missing element, that key to brush away despair and unlock the inner drive to make a difference.”

http://tucker.liberty.me/2014/06/08/imagining_freedom/

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Bill Bonner: The Real Reason American Capitalism Is Failing

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“Come to China, and you will be impressed, as we are, with the material progress made over the last 30 years.  China’s success is widely misunderstood. Then again, so is American capitalism.  What does it take to produce prosperity?  Property rights – you have to believe that you can control and enjoy what you produce. Stable money – you have to be able to count on the medium of exchange. Freedom of action – you have to be able to go on with your business without too much state intrusion. Meanwhile in the US, the planners… regulators… controllers… meddlers… and zombies – all those who prevent real prosperity – grew bolder and more numerous.”

http://bonnerandpartners.com/real-reason-american-capitalism-failing/

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Supposed Ruin in Hong Kong Leaves Out the Larger Picture

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“What’s going on in China and Hong Kong is ironic because it seems to mimic much that has held the West back in modern times. In fact, much that China suffers from at its current level of development corresponds to a similar evolution in the West.  From what we can tell, the RMB/Yuan is growing in importance as a currency in Hong Kong. Additionally, Hong Kong’s stock market is now heavily dependent on Chinese-listed companies. In fact, this might explain some of the growing income disparities that the Bloomberg article complains about.  Bloomberg seeks to blame an authoritarian Chinese political influence for what is happening to Hong Kong. But the truth is more complex.”

http://www.thedailybell.com/news-analysis/35613/Bloomberg-Reports-on-Ruin-in-Hong-Kong-But-Leaves-Out-the-Larger-Picture/

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Dark net drug markets kept alive by great customer service

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“History suggests that those who want drugs will usually find a way to get them. And here they can get a better product with fewer negative risks associated with buying drugs on the street. It even bears down on the street crime associated with drug turf wars as street pushers become redundant. These marketplaces are transforming the dirty and dangerous business of buying drugs in dark alleyways into a simple transaction between empowered consumers and responsive vendors. It’s not online anonymity, Bitcoins, or clever encryption that keeps the darknet markets thriving. The real secret is good customer service.”

http://www.wired.co.uk/news/archive/2014-08/21/buying-drugs-on-the-dark-net

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Bourgeois Dignity featuring Deirdre McCloskey

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“Economist and historian, Deirdre McCloskey, discusses why the explosion of widespread wealth in the west was the result of changes in rhetoric about markets and free enterprise finally became enthusiastic and encouraging of their inherent dignity.”

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Bitcoin Innovators Find Fertile Ground in Soft-Touch Switzerland

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“The neutral European nation is becoming a ‘mecca’ for financial cryptography, says Chris Odom, the Chief Technology Officer at Monetas, who announced that he had finally moved his family from Austin, Texas, to Zug, Switzerland to be with the rest of the company’s team and help build the German-speaking region’s ‘Crypto Valley’.  Why the growth in Switzerland? Odom attributes it to the country’s ‘legendary neutrality,’ as well as its respect for privacy and security — two big buzzwords for cryptographers — and the fact that it is already a tech hub.  It also likely helps that Swiss regulators have so far taken a relatively accommodative, hands-off approach toward bitcoin.”

 

http://blogs.wsj.com/moneybeat/2014/08/04/bitbeat-crypto-innovators-find-fertile-ground-in-soft-touch-switzerland/

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Lawrence Reed of FEE on the Expansion of Free-Market Thinking

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“We can’t just make the case for capitalism based on the fact, as indisputable as it is, that capitalism produces more stuff. Even if you convince someone of that, they are vulnerable to the first charlatan who comes along and says it’s not fair, that if we only empower politicians and bureaucracies we can improve things. The case for liberty must ultimately rest upon a deep and abiding moral dimension. It’s right because it’s what humans were made for. We’re not a fleet of homogenous robots that function best when somebody programs us. We’re at our best when we’re free to be ourselves, to be responsible for our decisions without the power to impose our mistakes at gunpoint.”

http://www.thedailybell.com/exclusive-interviews/35546/Anthony-Wile-Lawrence-Reed-on-the-Progress-of-FEE-the-Importance-of-Personal-Responsibility-and-the-Expansion-of-Free-Market-Thinking/

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