Improved self-governance is key to development in Africa

That is the core point made by Dr. Mo Ibrahim on how to develop the economies of all 57 African countries. He explains his ideas at: Mo Ibrahim On How (And Why) Africa Should Solve Its Own Problems.

(Why am I cross-posting this article from my other blog, Nonprofit Update? Because the core of the comments from Dr. Ibrahim are related to the idea that economic freedom and political freedom are more moral than any alternatives and provide the best results for the people living in a country.  Back to his comments.)

He wonders why African people are so poor. He thinks of where Ghana, Egypt, China, India, and Singapore were 50 years ago. Then, Ghana and Egypt were the richest countries of those five. Look how far the other three have advanced.

The problem is bad governance in both the public and private sectors.

(more…)

Capitalism is awesome because of incremental changes

It’s not just the huge leaps that make capitalism so incredible. It is also the constant, small, incremental changes that make products better, cheaper, tastier, stronger, and lighter. So explains Chris Berg in Why Capitalism is Awesome.

He explains that Ikea’s idea to pack and ship flat reduces shipping costs to about 1/6th of shipping full-sized stuff. They have staff who obsess over reducing weight while increasing strength, which in turn drives down prices further.

(more…)

Q: Was the middle class created by federal law or large, profit-hungry corporations?

A: It wasn’t the generosity of Congress.

Instead, Large, Profit-hungry Corporations Helped Create the Middle Class, as explained by Voices for Reason.

Big companies looking to make a buck created large supermarkets containing refrigerated produce and a large selection of dry goods. The article quotes The Great A&P, which points out before the age of large supermarkets: (more…)

12 situations when it might matter to you that the Feds are tracking everything you text or email and making note of everywhere you go.

(Cross-post from my other blog, Nonprofit Update.)

Recent news reports indicate federal intelligence agencies are gathering up a lot more information than we knew. That data is available to undisclosed lists of unknown people and will be retained for a very long time.

So what?

Here’s just a few circumstances in which you might not want access to your data by a long list of unidentified persons from various federal, state, or local agencies who were granted access to various unidentified parts of the various databases: (more…)

More good stuff on surveillance – 7-23-13

(Cross-post from my other blog, Outrun Change.)

There are a lot of articles discussing the surveillance world we now live in. I would like to comment on many of them in a full post. Alas, time does not permit.

I will start putting up a list of good stuff that I’d like talk about but only have time to recommend with a quick comment. Hopefully this will be a frequent list of links.

Here’s my first list:

(more…)

Capitalism and Imperialism are *not* the same thing

Voluntary trade between market participants at negotiated prices is not even close to the same thing as forced trade at forced prices where one person has a major power advantage (usually military dominance). In other words, capitalism is NOT imperialism.

Check out this video:

 

[youtube=http://www.youtube.com/watch?v=5wy4Sigqd3A&feature=player_embedded]

Some of my favorite lines from Dr. Stephen Davies:

Are capitalism and imperialism variations of the same thing?

(more…)

Competition is good for everyone else but I need special privileges – The difference between pro-free enterprise and pro-business

There is a dramatic difference between saying you are pro-business and saying you are pro-free enterprise or pro-capitalism. Do you want lots of competition for yourself or do you want special treatment while everyone else faces competition?

Milton Friedman explains the difference:

[youtube=http://www.youtube.com/watch?feature=player_embedded&v=kB2gBgsqPac#t=20s]

 

A few of my favorite comments: (more…)