Archive for December, 2014

Heroic entrepeneurship after the Restoration

Wednesday, December 3rd, 2014

According to the Whig/Marxist version of history, the roots of the Industrial revolution were in the Glorious Revolution, which represented the rights of man and the rising political power of businessmen.

There are several problems with this story. One is that the rise of China decisively proves that the rights of corporations matter a whole lot more for economic development than the rights of man, and if you are looking for the origin of the rights of corporations, you are looking at the Restoration. (more…)