Freedom and Prosperity

Saturday, August 28, 2004

A Manifesto

OK, why this blog? What’s it about and what can you expect if you choose to check in and read? Well, without putting too fine a point on it, the cancer (and I choose that term very deliberately) of “Collectivist” thinking has become so prevalent in our society that it has become the “accepted wisdom”. So much so, that anyone who challenges this is viewed as some kind of a crank! Well, as far as I am concerned, “Collectivist” thinking is not only incorrect but downright evil and anti-prosperity.

What do I mean by “Collectivist” thinking? Basically, the idea that “Governments” are the answer to all our problems. The idea that the whole apparatus of government and the welfare state are beneficial. Rubbish!!!

Big Government is a mortal threat to our individual freedom and also our prosperity. This blog is pro-freedom and pro-prosperity and will be a vehicle to disseminate opinions and ideas that support these principles.

There are going to be a number of themes running through this blog.

Individual responsibility. In all areas of life, a key principle for success is that we are each responsible for our own actions and our own lives. Unfortunately, in our society today the “victim” mentality is all too prevalent.

Objectivism. There’s going to be a lot of reference to Ayn Rand and her philosophy. I don’t agree with her on everything but her key insights are incredibly valuable. Her classic “Atlas Shrugged” is even more relevant today than when it was published.

Austrian Economics. Mainstream economics, particularly “Keynesian” demand management type policies are wrong headed and responsible for a lot of the problems we face today. The Austrian school of economics provides a coherent approach based on solid principles.

Socionomics. Financial markets and investment is a fascination of mine and the fact is that today we are all investors, whether we like it or not. Unfortunately, most of the mainstream comment on financial markets is complete rubbish! One of the main approaches I like to market analysis is the Elliott Wave Theory and the related discipline of “Socionomics”.

One other thing. I’m a white, Anglo-Saxon male born in the U.K. and currently based in Sydney, Australia. Consequently, much of what I comment on will be Australian and UK oriented.

OK! That’s it in brief. I hope the blog at least provides a different viewpoint and stimulates some critical thinking. While the above comments may appear a little “cranky” I am at heart an optimist. We live in exciting times full of opportunity! To the Freedom and Prosperity of everyone!