Meet Africa’s capitalist crusader

September 22, 2016

From Morgan Begg

ABS data released last Thursday show that the underemployment rate is the highest it has ever been:

Persistently high underemployment and unemployment means that Australia’s employment laws are not doing enough to enable people to get into work. As Stephen Sasse explained in an important essay published by the IPA in July, Your Right to Work, “the laws of economics apply as much to the labour market as to any other proposed exchange” and significant institutional change is needed.

Part one of John Howard’s two-part documentary, Howard on Menzies: Building Modern Australia, has rightly been described as captivating (and by Fairfax no less!). Part two will air on ABC on Sunday. The former Prime Minister joined the IPA’s Tom Switzer on Between the Lines last Thursday to discuss the Menzies era, and you can revisit this important speech that Sir Robert Menzies delivered to the IPA back in 1954 here.

Meet Herman Mashaba – the self-styled “capitalist crusader” who was elected Mayor of Johannesburg for the Democratic Alliance party in August. This feature in The Globe and Mail explains how he overcame poverty and apartheid to become a successful entrepreneur whose highest value is “individual freedom”.

Former English footballer Paul Gascoigne was fined ¬£2000 by a British court on Monday. His crime: telling an offensive joke. Yes, really. Brendan O’Neill at The Spectator explained on Tuesday why the precedent set by this case is so terrifying.

Last week, businessman and American Enterprise Scholar Edward Conard released the ultimate rebuttal to Thomas Piketty’s Capital in the 21st Century. The National Review on Monday called Conard’s new book, The Upside of Inequality, a rousing defence of conservative beliefs about how markets and incentives drive prosperity.

This week’s long read is this 7,000 word essay from the September issue of New Criterion by American historian of post-war conservatism, George H. Nash. The fascinating essay describes how the emergence of a new populist faction is fundamentally reshaping the Republican party.

Our friends at the Mannkal Economic Education Foundation are co-sponsoring an important conference on 6 October on the topic of “Property Rights in WA“. Join the IPA’s Dr Mikayla Novak to hear about the effect of declining property rights on businesses, jobs and families.

Article of the week

Following Hilary Clinton’s “basket of deplorables” remarks two weeks ago, Daniel Henninger explained in the Wall Street Journal last week why America’s les d√©plorables have had enough of bullying insular progressivism. Meanwhile, Trump has embraced the tag and incorporated it into his campaign.

IPA Staff Pick

Each week an IPA staff member shares what they have enjoyed recently. Today: Evan Mulholland

Janet Albrechtsen’s brilliant piece in The Australian yesterday highlights the contradictions of the illiberal, intolerant modern left and their global regressive movement against free speech:

The right not to be offended, not to have one’s feelings hurt, marked the downward spiral of the liberal Left. Instead, a paternalistic Left has set itself up as the arbiter of rights and freedoms based on repressive adherence to its feelings-based moral code rather than the universal rights of mankind.

Continue reading here.

Here’s what else the IPA said this week:

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