Managers of Equality

“In an egalitarian world, everyone is equal, except perhaps the managers of equality. And certainly in the foreseeable future, there will be endless and not unprofitable work for those whose business it is to spell out in ever greater detail the rules of the game of life, and to adjudicate conflict, and to teach the…

Capitalism vs. Socialism

John Kay offers a European perspective on the debate of between the superiority of a market economy against a centrally planned economy.  Is there empirical evidence that a market economy is superior?  John Kay says yes: “The fall of the Berlin Wall in November 1989 …marked the end of the most extensive controlled experiment in…