Counter Markets

Newsletter for Libertarian Entrepreneurs

Innovation

9 of the 10 Richest People in the World Are Self-Made Entrepreneurs

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By Jon Miltimore Every year Forbes publishes its list of the 400 wealthiest Americans. Topping the list in 2019 for the second year in a row was, to no one’s surprise, Jeff Bezos. The Amazon founder kept the top spot despite a divorce that sent his net worth tumbling from $160 billion to $114 billion. Worldwide, Americans represent a sizable portion of the wealthiest … [Read more...] about 9 of the 10 Richest People in the World Are Self-Made Entrepreneurs

How Entrepreneurs Learn from the Marketplace

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By Raushan Gross Ludwig von Mises wrote that “we are historians of the future.”1 But, the heterogeneity in knowledge makes it virtually impossible to know everything there about historic market trends,  or even about local economies.This is why F.A. Hayek emphasized there is no such thing as perfect knowledge among individuals at any given time. Everything is constantly … [Read more...] about How Entrepreneurs Learn from the Marketplace

“Smart Manufacturing:” AI And 3D Printing Allows Chinese Car Startup To Bypass Trump’s Tariffs

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By Tyler Durden Pix Moving, a Chinese automobile startup using artificial intelligence (A.I.) to design vehicles and convert the blueprints into instructions for 3D printers, isn't afraid of President Trump's trade war and has utilized technology to bypass tariffs, reported Nikkei Asian Review. Angelo Yu, the founder of Pix Moving, has outsmarted the most powerful country … [Read more...] about “Smart Manufacturing:” AI And 3D Printing Allows Chinese Car Startup To Bypass Trump’s Tariffs

What Is Entrepreneurship?

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By Doug McCullough and Brooke Medina If you ask most people about their impression of entrepreneurship, they might use words like “small business” or “innovation” or describe it as “working for yourself.” Some may go beyond that and paint a picture of an audacious Silicon Valley founder who boldly takes risks and tirelessly overcomes challenges. For others, an … [Read more...] about What Is Entrepreneurship?