Freedom and Prosperity

Civilisation flourishes when citizens take a long-term view of life – when they focus on future satisfaction rather than instant gratification. Economists refer to this as having a low time preference.

When most citizens have low time preferences we are able to create pleasant, free and affluent societies.

Economically, when we forego consumption and save for the future, we accumulate capital that entrepreneurs can use to fund projects that make work more productive.

Socially, being a good citizen becomes important. We look after relationships and value our reputation. We care for our children, pass on our values to them, and ensure they have a good education.

This image reflects the intellectual and reflective nature of The Fragility of Freedom

The dominant political ideology of the past century – the social democratic welfare state - has put a brake on progress. When taxes and debt are high; when more than half the citizens are net beneficiaries of government largesse; when the growth of the public sector workforce outpaces the private sector; when laws and regulations are flexible and unpredictable; then there is less incentive to work hard and take risks.

Consequently, there is less productive activity and less self-reliance; and more consumption, dependency, recklessness, hedonism and crime. Moreover, governments are forever creating new schemes to rectify the deficiencies created by their prior interventions.

Despite such wrong-headedness, mankind is more prosperous and more civilised than ever. But it could be even better if only we used a little common sense.

Deptartment of Energy United States of America

The State of Climate Science Today

A Critical Review of Impacts of Greenhouse Gas Emissions on the US Climate authored by five eminent climate scientists. John Christie, Ph.D. Judith Curry, Ph.D. Steven Koonin, Ph.D. Ross McKitrick, Ph.D. Roy Spencer, Ph.D. Issued by U.S. Energy Secretary, Chris Wright, on 25th July 2025.

Sep 84 min read

As an octogenarian libertarian, I am quite optimistic about the year ahead. There are several promising trends that give reason for hope. Here are three key examples:

1. Middle East
The defeat of Iran and its proxies—including Hamas, Hezbollah, the Houthis, and the Assad regime—will usher in a more secure and prosperous Middle East. This shift will benefit not only Israel but also Lebanon, Syria, Jordan, Egypt, Saudi Arabia, and the Gulf States. Meanwhile, Palestine will require a fresh approach and renewal. Those who have spent the last two years demonstrating in support from the world’s capitals and leading Universities should consider stepping in and contributing to positive change on the ground.
See my blog: Peace and Prosperity in Palestine

2. Argentina

Against all odds, Argentina’s new President, Javier Milei, is driving meaningful change and improving the lives of his people. His leadership exemplifies how to foster human flourishing. Last September, Milei addressed the United Nations General Assembly, bluntly asserting that the UN has lost its way. More than just criticism, he provided a roadmap for what the UN needs to do to regain Argentina’s respect.
See my blog: Has the UN Lost its Way?

3. The United States
Sixty years ago, Bob Dylan told us “The times they are a-changin”.

It is happening again. A political and cultural revolution has come to the USA.

The obliteration of DEI, affirmative action, the woke obsessions, and cancel culture will bring a more just, free, and prosperous society.

By embracing a smaller, more accountable government and empowering individuals and local communities, Trump’s revolution promises to restore autonomy, strengthen families, and reinvigorate the nation’s economy—setting the stage for a more vibrant and self-reliant future.

See my blog: Coming to Grips with Trump