Society

Money Glut, Debt, and Rolling Central Bank Guarantees: Full Steam Ahead towards the Abyss

Central banks have become prisoners of their own policies with their perpetual monetary glut. Everyone knows this, and everyone knows that everyone knows it. But proclaiming a different message, they shirk responsibility. The party must go on at all costs.

During a Pandemic, It Is Not Protectionism that Protects, but Globalization

If you rely on domestic instead of Asian manufacturers, you replace one dependency with a new one. Dependency is reduced through diversification, which is precisely what the much-maligned globalization makes possible.

The U.S. in Decadence? The Warning Signs Cannot Be Overlooked

The United States today exhibits characteristics of decadence that historians have considered instrumental in the decline or loss of power of earlier empires. A brief analysis.

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Globalization: From a Christian Perspective, The Worldwide Driver of Innovation and Mass Prosperity

Globalisation is being attacked – from the left as well as from the right. But it is indispensable for overcoming poverty, as Philip Booth showed at the Austrian Academy 2020.

Has Liberalism Failed? Patrick Deneen’s Populist Anti-Liberalism: A Catholic Classical Liberal’s Response

In his book “Why Liberalism Failed” Patrick Deneen deals with all varieties of Liberalism. They are the fruit of a false image of man – an assertion which, however, proves to be questionable on closer inspection.

Has Liberalism Failed? A Response to Patrick Deneen (Short Version)

Has liberalism become a victim of its own success? A short version of the review and critique of Patrick Deneen’s book “Why Liberalism Failed.”

Fury vs. Freedom: The New Left-Right Conflict

Today, social debates are ignited from the political margins. When democracy is in crisis and social cohesion is crumbling, it is time for intellectuals to focus on the essentials. What is needed is an anti-totalitarian self-enlightenment from the political center.

Racial Accounting and the Galvanization of Group Rights in the U.S. – Not a Liberal Solution

To combat racial discrimination, government agencies in the U.S. keep a kind of accounting system based on race and ethnicity. Well-intentioned policies perpetuate divisions in society.

Why Intellectuals Don’t Like Capitalism

Anti-capitalism is widespread among both right-wing and left-wing intellectuals. Both are united by the belief that economic and social problems can be solved primarily through state action.

What Do Families Contribute to the Social Welfare System?

In Austria, about half of public expenditure benefit the 60+ generation. Pensions, health care and long-term care benefits are the most important public programs aimed mainly at the elderly population.

Racism: On the Bad and “Good” Kinds of Prejudicial Suspicion

For the guardians of political correctness, prejudicial suspicion is not bad in itself, so long as it is directed against the right groups. Moreover, the current hysteria about racism obscures the real problems—creating an obstacle for those who actually want to help.

The Bolivian Fairy Tale – The Illusory Success of “21st Century Socialism”

For years Bolivia was considered a successful example of the “Socialism of the 21st century”. An apparently booming economy blinded economists and politicians and obscured the view of a regime that was in reality authoritarian and corrupt.

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