Don Watkins is a fellow at the Ayn Rand Institute, where he writes on inequality, the welfare state, and the moral foundations of capitalism. He is co-author with Yaron Brook of the national bestseller Free Market Revolution: How Ayn Rand’s Ideas Can End Big Government,
Current minimum wage jobs are the result of technology and innovation. Workers should be grateful that these companies have created these jobs and use them as opportunities to earn more than a minimum wage.
CEOs may not work 380 times harder than employees, but they do create a substantially greater amount of value. And it is the CEO who enables the employees to have a job in which their skills can create value in the first place.
To run a successful business, an employer has to hire the best and most competent individuals. People deserve a job only if they have skills and knowledge which will be of value to an employer.
Psychologically, some women hold themselves back by believing that they must play the role of “nurturer,” a moral ideal which is reinforced by . . . the baseless philosophical ideal of selflessness.
A concern about inequality—in education or in wealth—treats intelligence and prosperity as social ills equal to illiteracy and destitution.
The reason any individual deserves success is because of the simple fact that that individual uses his mind to produce or achieve something valuable, whether it’s a skyscraper, an iPhone or a fast food order. That individual earned that success because he transformed an idea
[It is a] contradiction [to say] that while it’s wrong for the government to redistribute wealth from poor to rich, it’s quite okay to do so in the opposite direction, through excessive taxation to fund the welfare state.
Why, in spite of massive evidence that profits motivate entrepreneurs to innovate in ways that enable so many of us to live comfortably, is there still a sense that inequality is unfair?
The source of technology and prosperity—the free human mind—is unshackled only under capitalism
Would you give up the Internet for a million dollars? This was the question posed in a recent YouTube video distributed by The Fund for American Studies. Not surprisingly, many who were interviewed