Gennady Stolyarov II

gennadystolyarovii@yahoo.com

Related Freeman Articles

Article

Globalization: Extending the Market and Human Well-Being

APRIL 01, 2009 by GENNADY STOLYAROV II

Much of the prosperity of today's world arises from the division of labor. Globalization, by extending the market's scope to the entire world, enables the division of labor to become as developed as the current world population allows. However, to be truly in the interests of consumers and a boon to economic prosperity, globalization needs to occur spontaneously through the workings of the unhampered free market. Government attempts to meddle with this process--even with the sincere intent to facilitate or accelerate it--will only undermine its efficacy at benefiting us all.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION

img E-mail Subscription

VIEW PRIVACY POLICY