Libertarianism is a distinct idea of individual liberty against collectivism. As Ayn Rand suggested, civilization is the process of individual privacy and freedom against the collective, we can say that libertarianism is a process of civilization. One of the most important aspects of Libertarianism is the rational approach to reality. You don’t start with a preconceived idea about what is good and bad, you observe reality and you make up your mind about the best course of action to lead a life that gives you happiness. Libertarianism is also about advocating the path towards better life. It does involve the fundamental realization that one can live happily without forcing one’s will onto anyone else, as long as they do respect your own liberty in turn. This includes the right to disagree on absolutely anything, as long as no violence is involved. Unfortunately, dogmatism tends to take over even libertarians. That takes the form of refusal to accept reality and insult those who try to deal with it. And sometimes, alleged libertarians co-opt the positions of the most extreme leftists. Libertarians realize that government is evil, however, only a person with no connection with reality will claim that a government is …Read the Rest
Tag: Iraq
Explaining the US Crisis
Even Indian Prime Minister realized the necessity to suggest Europe and the United States government to resolve their debt crisis. Obviously, this looming crisis is going to hurt every part of the world and specially India because of its own burden of huge national debt.1 What is this national debt crisis and how can it be solved out? The figure below explains the dilemma of the United States and its government. Same is the case with European countries and the Asian countries too. While this is true that at present, India is on a safer side of crisis line, but Indians have already experienced similar situations in 1991 and while it was the time for Indians to learn a bit more than the Western world, Indian government failed to learn its lessons properly and hence the fiscal deficit kept growing up every year. In 2009, India’s GDP was $2.55 trillion and its national debt was 78% of its GDP. This should be noted that the national debt of the United States in the same year was just 60% of its GDP, however, the US has an enormously bigger figure of GDP against Indian GDP and hence national debt of the …Read the Rest
Recession Comes Back Again
The U.S Recession is back again and it is wide spreading throughout the world. Recession is back even though President Barack Obama and Fed did everything possible according to Keynesian irrationality of breaking windows to save the United States against the previous economic meltdown of 2008. In 2008-2009, when Obama introduced huge stimulus packages to save American jobs by investing American tax-payer’s money in those public and private sector ventures which were faulty, irrational and corrupt, he thought it will help America to retain its losing glory. The effect of his Keynesian steps were inspired and favored by the master of Keynesianism Mr. Paul Krugman who won the Nobel Prize in Economics on October 13, 2008 and Obama was also convinced about the magical skills of Ben Bernanke and while appreciating his magical skills, Obama said Bernanke’s background, temperament, courage and creativity helped to prevent another Great Depression in 2008. However, there were people who warned Obama, Bernanke and others that depression is nothing but the much needed corrective measure or the medicine for the ill economic conditions of the United States. They suggested that the market shouldn’t be disturbed further by inflicting more fiat currency in it as that …Read the Rest
Revolution Against Political Corruption
The year 2011 proved to be the year of revolutions in different parts of the world. While the maximum limelight was enjoyed by the Arab Spring which included revolutions in Tunisia and Egypt, a civil war in Libya, major revolutions in Bahrain Syria and Yemen, civil protests in Algeria, Iraq, Jordon, Morocco, and Oman and minor protests in Kuwait, Lebanon, Mauritania, Saudi Arabia, Sudan, and Western Sahara. However, civil unrest was also seen in European countries. European countries like Greece and Britain suffered huge economic losses which caused an increase in unemployment and fuelled the anger in youth which erupted in forms of violent riots. India and the United States witnessed peaceful civil protests against the corruption and ill-management in forms of peaceful fasts, demonstrations and Tea Parties respectively. The United States failed to control its increasing fiscal deficits and huge burden of national debt which gave rise to the patterns of Tea Parties. Just like the United States, India remained peaceful yet agitated. Civil revolutions in India, which are still going on, are majorly against the political corruption and irresponsible administration1 . While some superstitious people may suggest that these uprisings are the indications of the upcoming doom’s year …Read the Rest
