Musings About Competition - Part 3 of 3
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WE MUST HAVE ORDER!
Yet another of the most basic principles that escapes "modern" humans, is the concept of spontaneous order. This is so because, again, the last two or so generations have been thoroughly brainwashed into believing that the only possible source of order is a hierarchical one… its only viable provider being… the state… who brainwashed this concept into the people's minds in the first place! Talking about…
Musings About Competition - Part 2 of 3
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PUNISHMENT FOR RULE BREAKERS
In the previously mentioned article we talked about how to deal with rule-breakers. In a Natural Competition system, rule breakers are dealt with through the hierarchical system using brute force. We see this every day. Police breaking and entering into private people's homes with the excuse of a "Search Warrant". Secret Police forces or "Intelligence Organizations" kidnapping or killing people and so on. None of these…
Musings About Competition - Part 1 of 3
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As we make progress in our little path to explain what Austrian Economics is and how it works, we are getting into far more interesting topics and subjects. Ideas that are not only powerful but that that have actual consequences for your life, today.
COMPETITION IS FOR EVERYBODY
The first notion that has never been thought through by most people is the concept of competition. In the past, competition was…
Pinch Us! WOW! Unreal!
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A few days back the newspaper The New Times - Rwandareported on an event that is earth shattering in its uniqueness. The article was called "Join hands to achieve more, President tells Rwandans" in a futile attempt to beef up its appeal reporting about a mere presidential visit to a Kigali. The newspaper missed the importance of the event by seeing it for what it appeared to be from the…
Vietnam Calls For Investment In Tourism… The Communist Way
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BACKGROUND
Vietnam is one of those countries where the benefits of capitalism can be seen in action. The Socialist Republic of Vietnam was formally created in 1975 and is one of only five countries in the world that still declares to be communist. Between 1975 and up to 1986 the economy of Vietnam was planned and directed the communist way right into oblivion. Beginning in 1986 a new-and-improved reform called the…
Lesson #240 - Austrian Economics For Dummies - Competition - Part 2 of 2
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Inequality and competition
Catallactics noticed that we are all different, however, from its point of view we are different in terms of the tasks we can perform, the goals we choose and the means we are capable of using to achieve said goals. Additionally, Catallactics also takes note that everybody has or is capable of, different wealth and incomes.
However, same as before, Catallactics is incapable of making moral or…
Lesson #240 - Austrian Economics For Dummies - Competition - Part 1 of 2
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What is competition in the free market?
Competition simply means to strive to make better offers than everybody else for the goods or services we desire.
This process can be understood from a seller's perspective as well as from a buyer's one.
Sellers compete among themselves to make their goods or services more attractive to buyers. They do so through different means, only one of them being lower prices. Sellers…
Tax Justice Is Here. And Now What?
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The end is near and it is unavoidable. As announced in our article This Is The End, the OECD and the governments of the world have won one very important battle. The "Standard for Automatic Exchange of Financial Account Information in Tax Matters" protocol (or as we call it Rats-R-Us) will be fully implemented throughout the world by 2018. Most people "out there" have no idea whatsoever of what this…
The Market - Communism, Socialism and Capitalism
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Yesterday we published the article Austrian Economics For Dummies - The Market. In it we described what a true free market is from a Praxeological (and Capitalist) point of view. We also described the benefits associated with such free markets. Today we are going to extend this lesson and compare what happens within a Communist, Socialist and Capitalist environment in relation to markets.
IN THE BEGINNING
In order to perform a…
