Kevin Williamson reflects on the meeting of the like-minds at Davos. (HT Lyle Albaugh) A slice:
Progressives say that they want inclusive social decision-making, but the most radically inclusive process we have for social decision-making is the thing that they generally distrust and often hate: capitalism — or, as our left-leaning friends so often put it, “unfettered” capitalism. And who should decide what sort of fetters are applied to whom? The view from Davos is, unsurprisingly: the people at Davos.
Tomorrow, the Heritage Foundation will release the 2015 edition of its Index of Economic Freedom.
In fact, countries that receive the artificially cheap imports benefit far more than the protectionist country: recipient countries get more output for less input, and more imports for fewer exports. Let me make that clear: U.S. consumers of subsidized imports benefit by getting cheap goods at the cost of foreign taxpayers. That’s the closest thing to a “free lunch” in economics as you’ll ever find.
Mark Perry explains that competition breeds competence.
Lew Uhler and Peter Ferrara offer some germane facts about the tax burden in the U.S.
