"Red Pill Magazine" Column "An Economist"

June 3, 2025

The Path to Economic Longevity Lies in Institutions

Coming to the final piece, let's talk about a big topic: the path to economic longevity.

What is economics? Certainly not just the simple framework of production, consumption, and trade; the contemporary concept is capitalism, whose essence lies in exercising individual free will in choices. The more this condition is met, the growth may not necessarily be the highest, but the economy is more sustainable. People without the freedom to choose have no incentives, do not engage in production, and either resort to opportunism or succumb to apathy, leading to volatility.