Most of Gen Z has heard of Marx. Few have read Bastiat, Hayek, or Smith.
Nasiyah Isra-Ul shares why that gap matters and what happens when Gen Z actually discovers what free markets can do.
“When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law.”
— Frédéric Bastiat
In this video, Milton Friedman explains the moral difference between capitalism and socialism.
Capitalism is built on free choice, and socialism rests on compulsory force.
🚨 Introducing our new Economics 101 series with Dr Stephen Davies - breaking down complex economic principles into simple, digestible explanations that anyone can understand 📊
First episode: "What is Economic Growth?" drops now 👇
“The battle for freedom must be won over and over again. The socialists in all parties to whom Hayek dedicated *The Road to Serfdom* must once again be persuaded or defeated if they and we are to remain free men.”
— Milton Friedman
People who want to redistribute wealth often misunderstand the nature and causes of wealth. Tangible wealth can be confiscated, but you cannot confiscate the knowledge which produced that wealth. Countries that confiscated the wealth of some groups and expelled them, destitute, have often seen the economy collapse, while the expelled people became prosperous again elsewhere.
Enjoy the opening of Edraak - Recognizing Liberty's 1st webinar; 'Liberal Democacy & Its Discontents' by Prof Dr Bican Sahin (Hacettepe Uni, Türkiye)
Watch the full webinar: https://t.co/iTj8UZt6xI) & follow us for more!
#Islam#Liberalism#Liberal#IslamandLiberalNetwork
Happy Birthday to Milton Friedman!🎉 Economist and Nobel laureate, Friedman (1912-2006) is one of the most influential defenders of capitalism. His advocacy for free markets, deregulation, active monetary policy, and school choice has left an indelible mark on public policy.
Friedman's groundbreaking work, including "Capitalism and Freedom" and "Free to Choose," inspires new generations and is vital to Cato's mission of promoting individual liberty, limited government, free markets, and peace.
Today Cato, and the entire liberty movement, mourn the loss of David Boaz.
David, of course, made his mark on all sorts of issues.
One in which he helped lead the charge was school choice:
David Boaz: Champion of Educational Freedom
https://t.co/59Sj4pl1rB @CatoInstitute
I'm 38.
When I was young I worshipped politics, went woke (broke) & believed in the myth of equality.
Then I discovered Thomas Sowell, and he changed my life forever.
12 lessons from America's most controversial & unknown philosopher:
Socialists call capitalism “immoral” for allowing some to become super rich while others are poor.
They have it backwards.
Capitalism has made nearly everyone more prosperous than our ancestors could even imagine: