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The socialism of war

Randall McElroy weighs in on the difficulties of reconstruction efforts in Iraq.

Socialism has never worked anywhere, but the allegedly pro-market architects of the Iraq debacle apparently aren't aware. In an especially revealing article, the Washington Post reports that an Iraqi cement factory damaged in the bombing got back online with $250,000, despite the plans of the Army Corps of Engineers for a $23 million reconstruction. Read more »

Holes in natural rights

From a prior entry below, an offshoot discussion about holes in natural rights theory has become very interesting.

Impressions of South Korea

Reader "Spoonie Luv" aka Amit Singh writes of his experiences on a recent business trip to South Korea.

I just came back from a few weeks spent in South Korea on a work assignment and returned with some different perceptions of the Korean people, their culture, and their problems. Read more »

Employee compensation: cash vs. stock

Don Lloyd asks the following question about the employee

There is nothing inherently fraudulent about stock or option grants to employees.

All we have, ideally, is a mutually beneficial, voluntary economic exchange between shareholders and employees, with management acting as an agent for the shareholders. Both employees and shareholders end up better off. Read more »