Capitalism · Classical Liberalism · Free Markets
Why the debt reaches €3.3 trillion, why your pension is wobbling, why too much tax ends up raising less. Economic mechanisms taken apart — real numbers, sources in the open, and the costs never hidden.
01 — Fundamentals
The founding concepts of liberal thought, explained rigorously and as clearly as possible. Each one is a pillar of liberalism in its own way.
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Everyone pursues their own interest; the result, willed by no one, is an order that benefits all. The baker does not feed you out of kindness, but out of self-interest — and there you are, fed.
Even a country less productive at everything gains by specializing and trading. The mathematical proof that underpins free trade — unrefuted by two centuries.
Language, law, prices, money: institutions of dizzying complexity, designed by no one. No central brain can replace the dispersed knowledge of millions of individuals.
Without market prices, it is impossible to know what is scarce and worth producing. Mises wrote it in 1920; the Soviet collapse confirmed it seventy years later.
Progress destroys what it replaces: jobs, firms, rents. The engine of capitalism is also its human cost — real, and to be faced honestly.
These five ideas are only a glimpse. Explore the ten fundamental principles of liberalism, explained one by one.
Explore the 10 fundamental principles02 — Understand
Key economic mechanisms explained with data, visualisations and simulations. Concrete, visual, and straight to the point.
The stance
An idea is not worth its intentions, but its effects. Here we don't pit camps against each other: we explain mechanisms — backed by numbers, sources in the open, and the costs never hidden.
“Between a bad and a good economist this constitutes the whole difference — the one takes account of the visible effect; the other takes account both of the effects which are seen and those which it is necessary to foresee.”
Frédéric Bastiat · That Which Is Seen, and That Which Is Not Seen, 1850
03 — Thinkers
The economists, philosophers and essayists who shaped modern liberal thought, from Smith to Sowell.
04 — Practitioners
The leaders who applied — with their successes and limits — free-market principles. Scroll: the globe stops on each country.
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Margaret Thatcher
1979 — 1990
Disinflation, massive privatizations, union reform — a durable structural recovery, at the cost of real, still-debated social costs.
Ronald Reagan
1981 — 1989
Reaganomics: massive tax cuts, deregulation, and a decisive diplomacy in ending the Cold War.
Javier Milei
2023 —
Libertarian economist elected president: dollarization, cutting the State, and a first budget surplus after decades of chronic inflation.
Ludwig Erhard
1949 — 1963
Architect of the Wirtschaftswunder: the abrupt lifting of price controls in 1948 triggered the West German economic miracle.
Lee Kuan Yew
1959 — 1990
In thirty years, a poor city-state becomes one of the world's most prosperous nations per capita — total openness, rule of law, light taxation.
Václav Klaus
1992 — 2013
The post-communist transition by mass privatization — one of the fastest and least unequal in the former Soviet bloc.