The Problems of Trade Unions & Economic Drawbacks

DIY attitude

What are the problems of trade unions? Why does Milton Friedman argue that trade unions can be harmful to industry? The problems of trade unions arise when unions become so powerful that they gain full control of the labor market. Additionally, labor unions can operate as wage suppressors, hurting workers and the market. Read more about the problems of trade unions according to Milton Friedman.

Species-Area Relationship: The Deadly Curve

Species-Area Relationship: The Deadly Curve

What is the species-area relationship? How is it expressed in mathematics? The species-area relationship is the relationship between the area of the species habitat and the number of animal species that inhabit it. In 2004, scientists used the concept, which is expressed mathematically as a curve, to calculate the species extinction risk at different levels of global warming. Keep reading to learn about the species-area relationship.

The Racial Wealth Gap and Conservative Denial

The Racial Wealth Gap and Conservative Denial

What is the racial wealth gap? How does the denial of the racial wealth gap inform the beliefs of conservatives and the Tea Party? There is statistical evidence to suggest the existence of the racial wealth gap. However, Tea Party conservatives cite wealthy Black celebrities as evidence that there is no black wealth gap and falsely claim that Black people are getting ahead while whites are losing their status. Read more about the racial wealth gap and what it means for conservative politics.

Capitalism in Healthcare: Reduce Barriers, Add Choices

doctor holding stethoscope

Is capitalism in healthcare a good system? Can capitalism help improve access and quality of medical care? Milton Friedman argues that capitalism in healthcare is a good idea. He suggests that the AMA has a monopoly on deciding who can become a doctor and the requirements and that people should be able to choose to pay more for higher quality doctors. Read more about Milton Friedman’s ideas on capitalism in healthcare.