Tag Archives: Hayek

On Virtual Feudalism

During the Age of Enlightenment people believed that the reasoning of men could free them of their ills, and lead to peace, security and good government. It was believed that reason would ensure the progress of humanity, and change the … Continue reading

Posted in economic inequality, Global Economy | Tagged , , , , , , | 2 Comments

The Rationalization of Inequality

The Medieval church became the most dominant institution in western Europe. It was one of the largest landowners of the time and collected rents and many fees for offices and services. The church did not pay taxes. The top down … Continue reading

Posted in Global Economy, Objectivism Lost and an Era of Disillusionment, United States Economy | Tagged , , , , , , , , , , | 3 Comments