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Daily Archive for June 7th, 2010

Private companies have a monopoly on that, right? Warren Meyer reminds us of the reality: But supporters of government superiority to private enterprise argue that this is exactly why government is superior, because it does not have these short-term focused goals.  HAH! Politicians are among the worst at this.  It used to be they would […]

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Marx and his modern day descendants firmly believe that workers are exploited. What do they mean? Well, without referring to the terminology in his text (Capital), workers are able to produce something of value (what we call today the marginal product of labor) but employers only pay the workers a fraction of this value. The […]

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