The homeownership rate is now back where it was forty years ago. So what did all that federally-subsidized homebuying over the past decade accomplish? There was a lot of malinvestment, and a lot of politically-favored interest groups that got richer, writes Ryan McMaken.
This audio Mises Daily is narrated by Clay Barnett.
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“Humanitarianism” as an Excuse for Colonialism and Imperialism
2024-01-21
Spreading civilization and human rights has long been used as an excuse for state-building through colonialism and imperialism. This idea dates back at least to early Spanish and colonial efforts in the New World, and the rationale was initially employed as just one of many. The importance of the conquest-spreads-civilization claim increased, however, as liberalism gained ground in Europe in the nineteenth century. Liberals were more skeptical of the benefits of imperialism, so, as political scientist Lea Ypi notes: "During the late nineteenth century and early twentieth century, the purpose of colonial rule was declared to be the ‘civilizing mission’ of the West to educate barbarian peoples ." The residents of these colonies were deemed to be "unsuited to setting up or administering a
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