Economics
Subjects Discussed: * The current state of Chinese politics, particularly the change of leadership
* The anti-corruption campaign and lowering interest rates
* The problem of corruption in China: the floating pigs scandal
* Central control and its effects
* The state of the economy in China
* The shaky housing market
* The flight of the wealthy
* The government's move away from capitalism
* New regulations on foreign teachers
* China as a military threat
* Anti-Japanese sentiment in China
* China's military competence
* Military spending
* Corruption and training in the military
* Soft power
* Assessment of China, overall.
Question: Should the government intervene when widespread racism makes life impossible for some people? Given that the effect of strictly respecting the rights of private property owners in the South was that blacks could not find accommodations, health care, transportation, food, and other basic necessities of life, shouldn't the government have intervened? Didn't civil rights legislation help eliminate racism – and wasn't that a good thing – even if that meant violating the right to property of racists?
Question: How can I effectively counter Marxist economic arguments? My family and friends often advocate Marxist economic ideas – for example, that wealth should be redistributed according to need, that corporations and corporate profits are evil, and that rich people have too much money. How can I best respond to these arguments?
Question: Is it wrong to "vote with your wallet"? A liberal friend of mine recently said that he won't vote for political candidates based on his own economic interests – for example, that Candidate A promises to raise taxes on his income bracket, while Candidate B promises to cut taxes for that bracket. He votes based on his agreement with the total political program, not its effects on his paycheck. What's right or wrong with his approach?
Question: Why should a free country have open borders? In your July 24th webcast, you agreed with the questioner that the current laws restricting immigration are wrong. Why? Shouldn't Americans be able to restrict immigration, if they so choose? What, if any, limits should be set on immigration?
Question: Should I recycle? When I don't have to go out of my way to recycle – if both bins are right in front of me, say – should I? And what if I am sharing an apartment with someone who will fish recyclables out of the trash and put them in the recycling bin? Are there cases where one should just recycle in order to avoid confrontations at home or work?
Question: Why is wealth not a zero-sum game? If someone makes a profit, doesn't that mean that someone else loses?
Question: What do you think of the "Prisoner's Dilemma"? Something about the Prisoner's Dilemma as a basis for economic and ethical claims never settled with me, but I'm not sure why. What is your opinion of it from a philosophical point of view?
Question: Is it morally wrong to be a free rider? Some people say that it's wrong to be a free rider – for example, by sneaking into a movie without paying for it, using a gas station bathroom without buying anything, accepting a ride to the airport but refusing to return the favor, hiking on trails in your community without helping to maintain them, or enjoying the Christmas lights of your neighbors without putting up your own. In such cases, you seem to be enjoying a benefit from someone else that you've not paid for or earned. Isn't that unjust, and hence, morally wrong?

