Ludwig von Mises Institute

Michael Jackson

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Michael Jackson was a popular music performer whose heyday was in the 1980s. Ilya Shapiro of Cato-at-Liberty writes, "The King of Pop’s creativity allowed him and his family to make hundreds of millions of dollars, yes, but it also created thousands of jobs in the music and marketing industries and brought joy to fans around the world. Whatever his personal eccentricities — perhaps, in part, as a result of them — Jackson represents a capitalist success story. No central planner could have invented him, and no government bureaucracy could have transformed pop music in the way he did."[1] Navina Jafa writes, "People invested in him, encouraged him to create and thereby increased his intoxication with his own genius".[2]

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