Table of contents
International performance chart
Part I Democracy
Direct democracy, representative democracy, benevolent monarchy
Government by council
Democracy is flawed
A practical example
Three golden rules for a direct democracy
1) Proportional voting rights on budget issues
2) Equal universal rights on issues not related to the budget
3) Transfer of political power from the nation to the cities
How to fix a representative democracy
Economic freedoms are more important than other freedoms
Responsibility is multiplied, never diluted
Why is nearly everyone not libertarian?
Would a majority of people ever vote for a libertarian party in a representative democracy?
Illiberal democracy as defined by Wikipedia
Part II Minimum Wage
The absurdity of minimum wages
Spain or how not to turn around a bankrupt country
The love affair of French TV channels with socialism
The real fuel of an economy
The paradox of high productivity, high unemployment
The consequences of high unemployment
How the EU misrepresents the effect of the minimum wage on employment
Part III Welfare
Church socialism
Child benefits
Thou shall hate smokers
How the British welfare state hurts the people
What a genuine welfare policy would look like in the housing sector
How to turn driving a car into a luxury
The confusion of poverty and inequality
Inequality and health outcomes
How ‘tax the rich’ affects the poor
Europe’s obsession with gender-equality statistics
‘To each according to his need’ is meaningless
Social programmes are not well intentioned
State-managed education, or the something-for-nothing society
The outcome of high spending on education: international comparison
How the state fails to intervene in those rare occasions where it should
Part IV Corporate Welfare
Corporatism and free-trade hypocrisy
Dumping should be taken advantage of, not fought against
The consequences of protectionism
How the government benefits from creating oligopolies and monopolies
How the government helps large firms at the expense of everyone else
The consequences of state subsidies to companies
The consequences of subsidies and guarantees to banks
When a large company must cut jobs in Europe
Part V Social and Economic Policy
British efforts to ruin the HK economy
How the EU wants to ruin the economy of all other countries
The shambles of UK universal benefits
Welfare turns people into serfs
The myth of EU tax harmonisation as a way to resolve financial troubles
Robotisation does not justify welfare
Multiple personalities disease: government’s attitude towards the free market
A modern myth: making insurance compulsory reduces its cost
The Economist and left-wing brainwashing
If it does not come from the state, it does not happen
Part VI Justice
When a serial murderer is caught in Europe
When a serial murderer is caught in China
Deterrence effect of the death penalty
Some crimes are 100% certain
Detroit’s bankruptcy
Part VII Inflation, Spending, Keynesianism
The problem faced by all countries in the world
The fundamental laws of economics
The deflation-spiral boogeyman
Hong Kong’s deflationary death spiral of doom
The difference between a public company and a private company
Two-level spending socialisation
The fatal flaws of Keynesianism
Effect of immigration on wages and the economy
The fallacy of credit destruction
Devaluations can only sabotage a country
Effects of money printing by central banks
The consequences of ending central banks
Inflation, a necessary evil?
Why politicians love inflation
Governments cannot reduce prices, only increase them
How the EU uses nonsensical surveys to justify international redistribution
Keynesians versus monetarists, or statists versus statists
The monetarist concept of bad deflation
Part VIII The Road Ahead
How to get out of the economic morass
What will actually happen
What is a decent person to do
Freedom links
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