Guido had a good post the other day commenting on how one of the main causes of the recent crisis was the change of ownership structure of the banks. For the majority of their history investment banks were partnerships with unlimited liability, compared to now when they are public listed, limited liability companies. As he puts it, flotation: transferred...
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Posts Tagged ‘ Discussion points ’
Guido on ownership
Discussion point: Icons of British liberty
I maintain that liberty is a British idea. My own favoured brand of libertarian philosophy – Objectivism – was made in America, by a Russian, but it grew from and explicitly endorses the thinking of the American revolution, the notion of individual rights that come from our enlightenment era. British values are objectivist values,...
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Discussion Point: Animal Rights
Two recent news stories inspired this one, first Mark Prichard’s private members bill to ban wild animals in circuses, second the Dutch parliament voting to ban ritual slaughter of animals. The logic behind these acts of legislation is that we should treat lesser,non sentient creatures in a humane way regardless of religious belief. Now this may sound...
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Discussion point: Abortion
Last week while at the IEA I somehow wandering into a conversation on abortion and ended up chatting to a a pro-life Christian Libertarian. He asserted confidently that his position (that abortion should be illegal) was the only one consistent with the key ‘do no harm to others’ principle, and that if we are...
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