Cafe Hayek: The Greatest Risks to Food Supplies Are Posed by Anti-Market Sentiments and Intrusions

            by DON BOUDREUAX Here’s a letter that I sent a few days ago to the New York Times: You report that “Climate change will pose sharp risks to the world’s food supply in coming decades” (“Climate Change Seen Posing Risk to Food Supplies,” Nov. 2) – with the premise that this impending calamity requires aggressive government curtailment or modification of industrial capitalist activities. Color me skeptical.  Wherever industrial capitalism has flourished over the past three centuries it has eliminated for the first time in human history the millennia-long curse of recurrent famines.  Today, food is in short supply only in societies without market institutions and cut off …

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A Quick Fix Courtesy of Karl Marx: Privatize Social Security and the economy will roar back

            by MAX BORDERS It is always a good time to privatize Social Security. In the long run, it is better for people to save for retirement, via portfolios of stocks and bonds, than to be dependent in old age on government handouts. The long-run case for Social Security privatization has been discussed before, especially in 2005, when George W. Bush had just been elected on a platform featuring Social Security reform. But doing it now has short-run benefits. Privatizing Social Security is the best way to get us out of this economic slump. Here’s why. In broad terms, a pay-as-you-go …

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