The Means of Production Will Be Invented, Not Seized, by Winter Trabex

The Marxist idea of “seizing the means of production” was conceived in the latter half of the 19th century during a time when the industrial revolution greatly expanded an already-growing economy but also introduced to the world massive inequality. The workers who found themselves in undesirable working situations could not just wait out the employer…

Why Bosses Suck: The Use of Knowledge in the Workplace, by Winter Trabex

During his life, economist/philosopher F.A. Hayek was concerned about socialism. Born in 1899, he grew up seeing the economic chaos that resulted from World War I- and the central planning which was adopted as a solution. The Weimar Republic, which ruled Germany from 1918 to 1933, had become infamous for its hyper-inflationary policies which caused…