Tag Archives: free markets

North Korea Experiments With Freer Markets

With North Korea in the news again, experts are once again questioning how long Kim Jong-Un can maintain his current path and power. After all, the Democratic People’s Republic of North Korea (DPRK) has been on the edge of societal and economic collapse for years and cannot persist without at least economic reform. It is, therefore, encouraging that an increasing number of North Koreans are experimenting with private property and the right to buy and sell as they see fit. Such liberalization needs to be further developed if the basic needs of the DPRK’s people are to be met and millions are to be lifted out of poverty. However, this could prove difficult since major reforms would take time and Pyongyang usually fiercely maintains its command economy.

Continue reading at Forbes

How Black Markets Created an Arthouse Film Boom in Peru

When people think of Peru, they imagine archeological sites like Machu Picchu and delicious food, but few outsiders know that in Lima, the nation’s capital, is the largest film library in Latin America. The collection is housed inside a truly unlikely place: a shopping center. But not just any shopping center. Polvos Azules, a 30-year-old market, started when immigrants from rural regions of the country came to Lima and became street sellers in order to survive.

Continue reading in FEE

Podcast #65: Environmentalism and You

What is free market environmentalism? Young Voices advocate, Lindsay Marchello joins the podcast to explain her article in RealClearPolicy and why individuals and companies can and do often do a better job of guarding the environment than government.

 

Follow Lindsay on Twitter @LynnMarch2007 Young Voices @yvadv and Stephen Kent @stephen_kent89

Leave us a review on iTunes, Stitcher or GooglePlay where this podcast can be found and email [email protected] with your thoughts on the show

Young Voters Aren’t Buying What Ted Cruz Is Selling

Ted Cruz kicked off his presidential run on Monday with a speech at Liberty University. And while the Texas senator hailed liberty as the goal of his campaign, his view of liberty doesn’t comport with that of most Millennials.

Thomas Jefferson defined liberty as “unobstructed action according to our will within limits drawn around us by the equal rights of others.” That is a timeless sentiment with which most young people largely agree. Today’s youth increasingly support economic freedom, individual liberty, and a peaceful foreign policy.

Unfortunately, Cruz only embraces the same limited view of liberty as failed Republican candidates of the past.

Were Cruz truly a principled champion of free markets, he would seek to advance a more open immigration process, thus allowing worthy immigrant workers to freely trade their labor with American businesses. Instead Cruz makes Latinos the scapegoats of his attack on illegal immigration and grandstands about building a wall along the southern border.

Moreover, Cruz isn’t friendly to personal liberties, as are most forward-looking Millennials. The Texas senator wants to restore the Justice Department’s prosecution of non-violent marijuana users in states where it is legal, despite the fact that more than 60 percent of young Republicans support marijuana legalization.

Worse is the senator’s demagogic opposition to same-sex marriage. Almost 70 percent of Millennials support marriage equality.

The Millennial spirit is decidedly cosmopolitan and forward-looking; the principles of liberty happen to be so as well. But Cruz’s campaign seems to prefer a cloaked agenda of freedom for me but not for thee.

Read the rest at Rare…