Thoughts on BC Politics and More

It has become widely accepted that capitalism has failed – that free markets exploit workers, hammer consumers and can’t be trusted as the bedrock of a liberal democracy. It’s why an unrepentant “democratic” socialist, Zohran Mamdani, can be elected mayor of New York and why Mark Carney can produce a budget with massive spending and increased government meddling yet still be hailed as a prudent manager.  Matthew Lau isn’t having it. In this incisive critique, Lau demolishes four myths driving the modern attack on capitalism and explains how it is only free markets that make people richer, happier and more equal ... CLICK HERE for the full story

In a recent episode of Power Hour , Alex Epstein interviews Dr. Saifedean Ammous on economics, energy and Bitcoin. They touch on a profound idea as they use Austrian Economics to draw parallels between crypto-currency as a store of value and fossil fuels as a store of energy: that the ultimate measure of value for humans is time .  Time is something that is finite and precious to each of us. I don’t know how much of it I will have in my lifetime, but being in my early 40’s it’s quite likely I’ve exhausted half my allotment already. Perhaps I only have a few days; I can never be certain. The same goes for everyone else, young and old, rich and poor.  Time is a primary reason why our value judgements are so subjective. We prefer to spend our time doing different things, so the goods and services we desire are quite varied.  There’s also no end to our economic demands, because there will always be a market for products that save us time. Whether it’s food delivery ser...

  COMMENTARY REFERENCE   To build back better, we must reinvent capitalism ... The pandemic has brought into focus many of the vulnerabilities in our systems and institutions.  But it also offers us a chance to shape a more resilient and sustainable world. Here's how businesses and policy-makers can start building the green and inclusive future we need ..... CLICK HERE to read the full story   We are to believe that by destroying capitalism that we can rebuild a more robust capitalism? Let's have these chaps share a little of whatever they are imbibing. First, they convince our governments that the only way to combat a virus epidemic is to quarantine the entire population for an extended period. Most of the nation shut down with devastating effects on our economy, personal health and well-being. Efforts to provide income replacement for people forced out of their livelihoods have been deliberately overly complicated, piecemeal and unfocused. Financial ...