Economics
Free market best by test
IPN Opinion article
\"Antiglobalists insist anything big and market oriented is bad. But the major problem in the third world is the lack of capital, knowledge and technology. The most efficient way to transfer this is through foreign investments. Investors have transferred 1-trillion to the developing countries in the past decade more than all aid since the Second World War.\"
Anti-trade Riots are Result of Coalition between Protectionists and Power-mongers
IPN Opinion article
Environmental and consumer activists claim that trade harms the environment and reduces consumer choice. Huh? Where have these people been for the past fifty years? The idea that trade reduces consumer choice is simply daft, ranking alongside the communist dictum \'freedom through planning\' as one of the twentieth century\'s greatest fallacies. As we know from Friedrich Hayek and from the bitter experience of billions, central planning is the road to serfdom, not freedom. Likewise, a restriction on free and voluntary trade between individuals is by definition a restriction on choice. As regards the claim that trade damages the environment, evidence from across the world shows precisely the opposite. Trade results in improved allocation of resources, thereby benefiting the environment.
Anti-trade Riots are Result of Coalition between Protectionists and Power-mongers
IPN Opinion article
Environmental and consumer activists claim that trade harms the environment and reduces consumer choice. Huh? Where have these people been for the past fifty years? The idea that trade reduces consumer choice is simply daft, ranking alongside the communist dictum 'freedom through planning' as one of the twentieth century's greatest fallacies. As we know from Friedrich Hayek and from the bitter experience of billions, central planning is the road to serfdom, not freedom. Likewise, a restriction on free and voluntary trade between individuals is by definition a restriction on choice. As regards the claim that trade damages the environment, evidence from across the world shows precisely the opposite. Trade results in improved allocation of resources, thereby benefiting the environment.
