If you want to upgrade your thinking on economics, I recommend these four pieces:
- The Choice Isn’t Between Capitalism or Socialism – this seems obvious to me and likely you too, but it is a good reference to keep around for whenever you hear people talking about capitalism and socialism.
- America Never Learns the Limits of Bootstrapping – a good piece on the limits of social safety nets built using private initiatives. My belief is that social safety nets should come both from governments and individuals, and that we should be looking into how our society is set up to provide a wide range benefits for everyone. For example, unemployment insurance is good, but free or low cost education to allow people to improve themselves and others is important also. We need more initiatives to improve people’s lives.
- A Basic Income Could Solve 8 of Society’s Biggest Problems – the big initiative in the 21st century should be this. We can eliminate poverty and remove many social ills with it. It will not be a cure all, but it can cure a-lot.
- If You’re so Smart, Why Aren’t You Rich? Turns out It’s Just Chance – finally, some many say if you have all these social programs, no one will every try again because we need a system in place that encourages people to work hard and get rich. If you think that, read the article.
Not everyone will benefit from these pieces. I did, though, and for some of you reading this, you will as well.