Socialist origins of pledge of allegiance

Excerpted from Cato:

From its inception, in 1892, the Pledge has been a slavish ritual of devotion to the state, wholly inappropriate for a free people. It was written by Francis Bellamy, a Christian Socialist pushed out of his post as a Baptist minister for delivering pulpit-pounding sermons on such topics as "Jesus the Socialist." Bellamy was devoted to the ideas of his more-famous cousin Edward Bellamy, author of the 1888 utopian novel Looking Backward. Looking Backward describes the future United States as a regimented worker's paradise where everyone has equal incomes, and men are drafted into the country's "industrial army" at the age of 21, serving in the jobs assigned them by the state...Bellamy's book inspired a movement of "Nationalist Clubs," whose members campaigned for a government takeover of the economy.

Economics of vengeance

Attempting to quantify it:

Naci H. Mocan, an economist at Louisiana State University, gathered information on 89,000 people in 53 countries to draw a map of vengefulness. What he found was that among the most vengeful are women, older people, the poor and residents of high-crime areas.

Division of labor more important than comparative advantage

Third, and most importantly, specialization directly increases the rate of technological growth. The more familiar someone gets with a production process, the more likely that person can find a way to improve the production process. This can be anything from finding a more efficient way to line up the machines in a factory to a technological breakthrough in the literal sense.

Inefficient non-market structures inside corporations sustained by government

But—again—the state’s intervention in the market raises almost insurmountable barriers to this form of organization. The state artificially promotes hierarchy at the expense of markets by subsidizing the input costs of large-scale enterprise and by protecting large corporations against the competitive ill effects of inefficiency. It subsidizes long-distance transportation and thus artificially inflates market and firm size. Its differential tax advantages for corporate debt and capital depreciation (or more accurately, its differential tax penalties on those not engaged in such activities) encourage mergers, acquisitions, and excessively capital-intensive forms of production with high entry costs. Its cartelizing regulations, in addition, limit competition in product features and quality. Thus the boundary between hierarchy and market is artificially shifted so that the dominant firms are far larger, more hierarchical, and more vertically integrated than they would be in a free market.

Argument of harm by intellectual property too.

Costs of war -- dollar tally of Iraq War

Business of print news

The New York Times is known for its hard news coverage, but he observes that from a business perspective it's primarily a fashion and food publication that runs a small political news operation on the side. One issue of T Magazine, he says, pays for an entire NYT European bureau.

Top ten richest people in history

5. Asaf Jah VII (whose given name was Osman Ali Khan Bahadur) was the last Nizam or ruler of the Princely State of Hyderabad and Berar, before it was invaded and annexed by India in 1948.

By most accounts, "His Exalted Highness" the Nizam of Hyderabad was a benevolent ruler who promoted education, science and development. He spent about one-tenth of his Principality's budget on education, and even made primary education compulsory and free for the poor. In his 37-year rule, Hyderabad witnessed the introduction of electricity, railways, roads, and other development projects.

In 1937, Asaf Jah VII was on the cover of Time Magazine, labeled as the richest man in the world.

How much does it cost you in wages if you sound black?

His main finding: blacks who “sound black” earn salaries that are 10 percent lower than blacks who do not “sound black,” even after controlling for measures of intelligence, experience in the work force, and other factors that influence how much people earn. (For what it is worth, whites who “sound black” earn 6 percent lower than other whites.)

China very active in Africa

Separate article with graph and link to a six-parter here.
Evidently,

There are already more Chinese living in Nigeria than there were Britons during the height of the empire.

The financial lesson from onions

History's anti-speculation onion lobby may have sowed some series turmoil. Perhaps futures markets actually smooth out volatility. There is no such market for onions:

Since 2006, oil prices have risen 100%, and corn is up 300%. But onion prices soared 400% between October 2006 and April 2007, when weather reduced crops, according to the U.S. Department of Agriculture, only to crash 96% by March 2008 on overproduction and then rebound 300% by this past April.

The Gridlock Economy

A simple example of how too much ownership and intellectual property rights "wrecks markets, stops innovation, and costs lives":

Tarnation, a spunky documentary on growing up with a schizophrenic mother, originally cost $218 to make at home on the director's laptop. It required an additional $230,000 for music clearances before it could be distributed.

1000 years of urbanisation in Europe and the Arab world

Baghdad was a wonder of the world in the year 800 while London was an economic backwater. By 1800, London was the largest city in the world while Arab cities languished. Recent research attributes this ‘trading places’ to institutional differences: Arab cities were tied to the fate of the state while European cities were independent growth poles.

Radical water privatization for poor countries

Let's say the new water prices were so high as to capture all the benefits that buyers would receive from the new supply of water. We can expect much lower rates of diarrhea and other diseases, if only because the water supplier can charge more for cleaner and safer water. The resulting decline in disease means that children will die less frequently and adults will be healthier and more energetic. Those long-term social benefits are of enormous help to poor communities, even if high prices take away many of the initial, upfront benefits of the new water supply. In other words, we should consider radical privatization precisely because water is a public good and because clean water is so important for long-run economic growth.

More sex is safer sex

i.e. more monogamous, premarital sex leads to reduced prostitution and thus reduced infection transmission.

Coca Cola as happiness index in Africa

At a macro-level, when Coke fails, the country whose market it is trying to penetrate usually fails too. Coca-Cola’s bottling plant in Eritrea hardly works because the country’s totalitarian government makes it impossible to import the needed syrup. The factory in Somalia sputtered on heroically during years of fighting but finally gave out when its sugar was pinched by pirates and its workers were held up by gunmen. Mr Cummings admits that Coca-Cola is “on life support” in Zimbabwe.

As gas prices soar, elderly face cuts in aid

The delivered meals allowed her to eat at regular hours, which helped her control her blood sugar levels, she said. Last year she lost her balance during a change in blood sugar and spent a month in a nursing home.

With no meal delivery in her area, Mrs. Fair said her home aide, who comes three times a week, must pick up frozen meals from a center in the next town.

“If my aide can’t get the meals, maybe I can get my pastor to pick them up,” Mrs. Fair said. “I can’t travel even to the drop-off center.”

Where is inequality greater? U.S. or France/Germany?

Bryan Caplan comes to the conclusion that regulation makes things more pleasant. Tyler Cowen responds that is so for the rich, and that the class stratification makes things less pleasant.

Globalization must go on

Yes, the benefits of a good safety net are well established, but globalization is not the primary source of trouble for most American workers. Health care problems, bad schools for our children or, in recent times, bad banking practices have all produced greater disruptions — and these have been fundamentally domestic failings.

Are soap operas a form of birth control in Brazil?

Summary of methodology at Population Media Center.

What the bagel man saw -- economics of the honor system

''But I found that as the unemployment rate goes down, dishonesty goes up,'' Paul F. says. ''My guess is that a low rate of unemployment means that companies are having to hire a lower class of employee.'' The data also show that the payment rate does not change when he raises bagel prices, though volume may temporarily fall.

A separate experiment at Kitchener's City Cafe Bakery.