In Capitalism and Freedom Friedman tries, although without much success judging by the state of things today, to challenge us to think about the meaning of 'equality' in the context of work and pay. Something a bit more sophisticated than 'having the same amount of stuff' or 'paying everyone the same wage'.
This is the time of year when everybody resolves to be good, to be a better person than they were last year, and to generally be nice to everyone. Most people are good people, or at least they want to be thought of as good people who do what they can to help others out of the kindness of their own heart.
It's official. The Economist reports that America is the country where people care the least about inequality. Many Americans care about inequality, sure, just not as high a proportion as, say, the number of people in Sweden or just about any other rich country where people care very much about inequality and have the high taxes to prove it.
The best thing to do if you get fired is to gather up your worldly possessions and hit the road in search of your next adventure.
The concept of job security has four different meanings, in increasing order of regulatory strength:
Employment ‘at will’ is the idea that a worker can quit at any time for good reason, bad reason, or no reason at all. Similarly the employer can fire any of the workers at any time for good reason, bad reason or no reason at all.
This is a post about chiselled features, courage under fire, and rugged individualism. Just kidding. It's a post about competitive markets. But yes, at the end of the day everything on this blog is about individual liberty, otherwise what's the point of it all?
If you want to run your own taxi service but you're too poor to be able to afford an actual taxi, then you just get two beat up old bicycles, tie them together with ribbon or elastic bands (whatever you have available), attach a platform for your passengers to sit on, and you're good to go.
There is no consensus on the meaning of freedom and liberty. Many people think that liberty means freedom to follow their own path in life but other people view liberty as freedom to wield power over others. Those who view liberty this way, as a measure of power, are inordinately concerned with inequalities of wealth. They would regard freedom as meaningless if they are relatively poor, and powerless to boot. They are not content to get on with their own life, free to do as they please, while elsewhere there are rich people spending money and being most infuriating.
What's that? Children selling produce? In a food market? That's child labour! That's banned!