The oldest conflict in American politics is the one between individualism and centralism. Reagan changed the terms by inverting them: the descendants of Jefferson’s yeoman farmers, with their desire for independence, became sturdy car-company executives and investment bankers yearning to breathe free of big government. The heirs of Hamilton’s arist

... See more

Hence, the attempt to achieve social justice through the redistribution of capital wealth is inherently contradictory. The more welfare policies and state regulations that prevent the exploitation of living labor, the more restricted are the possibilities of extracting surplus value, and the less “wealth” is available to distribute in the economy.

... See more

Capitalism, for example, is the purely liberal economic system. After having implemented this system, we learned that utterly unregulated capitalism is a catastrophe—this was what Karl Marx was reacting against. Paradoxical as it may seem, because of the power of monopolies and the influence of dishonest actors, a free market requires regulation—an

... See more