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Man Presenting to Group of People

New Review of “Life After Capitalism” Amplifies Book’s Core Themes

Returning to the "mind-centered economy" where knowledge is wealth

A new review of George Gilder’s latest book Life After Capitalism from Samuel Gregg highlights the need for the return of the “mind-centered economy,” in which governmental bureaucracies no longer hamper human creativity and imagination. When capitalistic, democratic societies fall for materialistic presuppositions of the world, they end up resembling socialist contexts in which the state is everything and individual men and women are squelched. Gregg writes at the Acton power blog, [Gilder]takes this notion of the free human mind as the decisive factor in driving economic growth and applies it across the board to economic theory, technology, and our understanding of money. Looking at the question of incentives, for example, Gilder points out that they would yield nothing in Read More ›

Magnet

Centralization Is Not Inevitable

Even technology is not inevitable; it comes and goes

The coronavirus has demonstrated that centralization has its limits. It's not inevitable, as a recent Analysis post suggests. I predict that when the dust settles on this coronavirus outbreak, the order-of-magnitude greater death rate in China, compared to the 2003 SARS outbreak, will be blamed on central planning.

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