US President Barack Obama has decided to normalize relations with Cuba. Since 1960, the United States has attempted to isolate, weaken, and ultimately destroy the Castro regime by cutting off diplomatic ties, imposing a trade embargo, and preventing American tourists from visiting Cuba. Given that the US has been following this strategy for 54 years but the Castros remain in power, it’s reasonable to question the efficacy of that policy. So let’s look into it.
Tag: Economics
Concerning the nature of man and the economic system, and how best the latter can be structured to augment the former.
Hey, Whatever Happened to Libya?
As the United States once again intervenes militarily in a Middle Eastern civil war (this time in Syria and Iraq), I am reminded of the 2011 western intervention into the Libyan Civil War. Remember three years ago when the western states decided to help Libyan rebels overthrow Muammar Gaddafi’s government? We almost never hear anything about what’s going on in Libya these days. What happened there? 2011 was about a year before I started up this blog, but I remember being vitriolically opposed to the intervention there. How did it turn out? Let’s investigate.
Scottish Independence is a Terrible Idea
On September 18, Scotland is set to have a referendum for independence from the United Kingdom. This is a really bad idea. Here’s why.
America Should Welcome Latin American Child Refugees With Open Arms
America is rife with talk about a Latin American refugee crisis–tens of thousands of children are fleeing Central America for the United States. An estimated 60-80,000 will seek refuge this year, and that figure is expected to climb to 130,000 next year. The children are fleeing poverty and gang violence. The law entitles these children to a hearing and places them in the care of relatives or government operated shelters. If successful, they can obtain green cards, but many lack access to the sort of legal counsel that might make that happen. The focus in recent weeks in the American press has been on finding ways to get rid of these children and prevent more of them from entering the country. This is foolish mistake.
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Inequality: Better to be Greek or Roman?
Oftentimes when we discuss whether or not economic inequality is justifiable, we have the tendency to consider only the most extreme form of the left wing position. The right often defends its model of the market economy by comparing it to the old communist states, to the Soviet Union–countries in which everyone, at least in theory, had the same income. In places like the Soviet Union, incentives fell apart. If you will be paid the same amount no matter how much work you do, there is little reason to do additional work. The trouble is that this argument straw mans all left wing positions as strictly egalitarian. The left wing position need not be that societies should be perfectly economically equal, it need merely be that much of the economic inequality we see is superfluous and unnecessary. That is the argument I intend to make today.
Benjamin Studebaker 