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BASTIAT

I reserve the right to be wrong.



One of the best things ever is What Is Seen and What Is Not Seen by Frederic Bastiat. It's this work which addresses the fallacy of the broken window, something subsequently taken up by Henry Hazlitt in Economics In One Lesson.

Bastiat is probably one of the greatest economists you've never heard of. Why haven't you heard of him? Well, he is a Frenchman who favours freedom over statism. That's pretty much enought to get him whitewashed out of history along with the Austrian School.

So, read him! Read him and be more complete!

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Commentaryism - The Death Toll of Capitalism

How many people have died because capitalism exists? How many would still be alive if it had never existed? Let's dig in!

We will take two approaches over the course of this blog post by looking at the the death tolls attributed to the word in its broad popular definition - everything socialists don't like - versus the toll that fits the definition offered previously on this blog.

By the same token I will not lay any outsized figures at any other mode of production's door except where that mode of production demonstrably caused the problem that killed people. It's political ideologies that really matter here, and this is where the first big problem with even trying to lay a specific body count before capitalism runs into problems - there is no political ideology called capitalism.

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Now then, Alfonso Gutierrez says in a comment thread that "capitalism and free-markets have murdered billions of people" which is a risky claim at the …