Tag: division of labor

American Prosperity Is Falling Apart

Commentary The debate about whether we are in a recession—it dominated the news over the weekend—has become a war of words with high political significance but low real-world meaning for the average person. The real story is about what people are doing to survive the times. They are bailing on high-end groceries and raiding the…


The Rise of the New Socialism—and What You Can Do About It

Commentary In this article I want to explain that a rapid departure from the free market system (or what is left of it today) is taking place before our eyes, and that this is a development that endangers not only prosperity but also the peaceful coexistence of people in this world. To explain this to…


We Need Each Other: An Economic Perspective

Commentary Poets, songwriters, psychologists, romantics et al., have expounded on the human need for love, companionship, friendship, closeness, and so on. True. But one of the most important ways in which human beings need each other is rarely pondered and infrequently written or talked about: our economic need for each other. We need each other…