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Oct 3, 2024 | 
cato.org | Clark Packard |Scott Lincicome |Sophia Bagley |Joy Buchanan
Following World War II, the United States was the world’s dominant economic and military power. During the late 1940s and into the 1950s, during the formative years of what eventually became the Beatles, American art was also ascending.
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May 14, 2024 | 
cato.org | Juan Londoño |Scott Lincicome |Sophia Bagley |Joy Buchanan
The global expansion of the gaming market has kickstarted a virtuous cycle in which more people are interested in gaming-related media and products, investors are more eager to invest in the industry, and gamers have access to more and better games. The transition to digital marketplaces has catalyzed the growth of the gaming industry, benefiting both gamers and developers.
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May 14, 2024 | 
cato.org | Marian L. Tupy |Scott Lincicome |Sophia Bagley |Joy Buchanan
There are several ways in which humans can make resources more abundant. To start, consider the increase of supply. When the price of a commodity increases, people have a monetary incentive to start searching for new sources of that commodity. For example, when the price of petroleum increases, people will look for more oil deposits. Thus, after a century of petroleum use, we have more known reserves of oil than ever before.
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Apr 16, 2024 | 
cato.org | Charles Kenny |Scott Lincicome |Sophia Bagley |Joy Buchanan
Globalization has powered worldwide prosperity and well‐being. Exports have contributed to rapid growth in many cases, such as the UK’s industrial revolution and the performance of the “” countries, including South Korea and Taiwan. Swaminathan S. Anklesaria Aiyar’s essay for Cato’s Defending Globalization project reports that India’s per capita income rose from $304 in 1991 to an estimated $2,600 in 2023, and that was driven in part by a considerable growth in trade.
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Mar 19, 2024 | 
cato.org | James Bacchus |Scott Lincicome |Sophia Bagley |Joy Buchanan
Examples abound throughout history of this beneficial borrowing of ideas and the ways in which trade has facilitated it. Ideas know no borders. They have never known borders.
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Nov 28, 2023 | 
cato.org | Joy Buchanan |Scott Lincicome |Sophia Bagley |James Bacchus
Plentiful cheap clothes are a triumph of innovation and markets. Most of human history has been characterized by privation and low-productivity toil. As one American sharecropper exclaimed in John Steinbeck’s Depression-era novel The Grapes of Wrath, “We got no clothes, torn an’ ragged. If all the neighbors weren’t the same, we’d be ashamed to go to meeting.”Today, things are different. People in wealthy countries can order a new outfit for less than a day’s wages.
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Nov 23, 2023 | 
journals.sagepub.com | Joy Buchanan |Stephen Hill |Olga Shapoval
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Nov 7, 2023 | 
cato.org | Scott Lincicome |Sophia Bagley |Joy Buchanan |James Bacchus
Though “globalization” usually conjures images of container ships and geopolitics, there may be no better symbol of it than the food we eat. Globalization has revolutionized cuisine and restaurants here and abroad, offering consumers a wide and ever-changing variety of flavors and styles. Grocery stores are another testament to globalization, with aisles increasingly stuffed with international products and low-cost produce that was once available only a few months a year (if at all).
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Oct 9, 2023 | 
oll.libertyfund.org | Joy Buchanan
Mark Scout (played by Adam Scott) voluntarily undergoes the fictional “severance procedure” so he can work for Lumon Industries. While at work, Mark is cut off from all memories of his personal life. Mark and his team of “data refiners” are surveilled and trapped inside the basement of the building until they leave at the end of the day. When they emerge from Lumon, their personal memories are restored but they have absolutely no recollection of what they were doing at work.
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Oct 9, 2023 | 
oll.libertyfund.org | Joy Buchanan
Patrick Henry was afraid that the newly proposed US Constitution would infringe on the liberty enjoyed by current Virginians. He sounded almost crazed. He was afraid elected representatives would abuse their power. He was afraid a standing army in the US would mean individual citizens would have little defense against it. He was afraid that future Americans would not have enough power to amend the Constitution. He feared that the Constitution would set another tyrannical government into motion.
