George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Friday, July 26, 2019

What's Wrong with the Labor Theory Value: An Answer for College Graduates Who Don't Know

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A Twitter user named Jack Angstreich (@angstreich2) recently asked, “What argument establishes that Marx’s labor theory of value is false?”...
Friday, July 12, 2019

THE UNITED STATES, INDIVIDUAL RIGHTS, AND SLAVERY

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The United States is the first country in the history of the world to have been founded on the principle that men are endowed with unaliena...

WHEN IT COMES TO SOCIALISM, IGNORANCE DOES NOT PRECLUDE VICIOUSNESS

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On July 6, I tweeted, “ Socialists do not realize that capitalism’s privately owned means of production benefit everyone who buys the prod...
Sunday, July 07, 2019

SOCIALIST IGNORANCE TO THE POINT OF RETARDATION

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Please click on the following link and then read the material that comes up in the socialist tweet. Stop when you finish the text in the p...
Thursday, July 04, 2019

FOURTH OF JULY TWEETS

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On this day of the celebration of individual rights, let us remember that while America and capitalism represent freedom, socialism is a s...
Wednesday, July 03, 2019

STEP BY STEP THERAPY FOR MSTD (MARXISM/SOCIALISM THOUGHT DISORDER). POINT BY POINT CHALENGES

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The beliefs about the alleged horrors of capitalism are disastrous errors. They confuse the terrible conditions inherited by capitali...
Tuesday, July 02, 2019

DIAGNOSTIC TEST FOR MSTD (MARXISM/SOCIALISM THOUGHT DISORDER)

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Does the person believe that in the absence of minimum-wage and pro-union legislation, the greed of businessmen and capitalists would driv...
Monday, July 01, 2019

TURNING MARX AND THE EXPLOITATION THEORY UPSIDE DOWN

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ATTENTION: ALL MARXISTS AND SOCIALISTS. Marxists hate capitalism and want to replace it with socialism because they believe that profits ...
Sunday, June 30, 2019

Without Capitalists, Wage Earners Would Die of Starvation

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Here is an example of the breathtaking ignorance of Marxists/Socialists, one which provides an excellent opportunity to refute some of t...
Friday, June 14, 2019

The Coming Green Terror

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Did you know that in Santa Barbara, CA, a waitress can go to JAIL for serving a plastic straw that wasn't requested, and that thr...
Thursday, May 16, 2019

Hate Speech, Extremism, and the Christchurch Call

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Are Zuckerberg et al. against speech expressing hatred for the likes of Hitler and Stalin? Or is this speech, which expresses hatred, ...
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