Capitalism

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7 Observations on the Humane Nature of Capitalism

CapitalismPhilosophy

Blog04/10/2021

Capitalism isn't just better because it makes us materially better off. Capitalism also helps us forge a more humane and civil society. 

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The GameStop Saga Unravels Stakeholder Theory

CapitalismCoordinationU.S. EconomyPolitical Theory

Blog02/03/2021

Suddenly the champions of stakeholder theory, like the predictably despicable Washington Post, find themselves singing a new tune about vulture capitalists, deciding that hedge fund short sellers are now the good guys.

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Socialists Claim Their System Is Morally Superior. They're Wrong.

CapitalismSocialismWorld History

Blog01/09/2021

Even granting the goals of “meeting people’s needs” and “selflessness” cherished by socialists, a property-based market economy is far superior at meeting those goals in modern civilization compared to a top-down, centrally controlled socialist system.

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Why It's Important to Make the Moral Case for Capitalism

CapitalismMedia and CulturePhilosophy and Methodology

Blog12/23/2020

Yes, capitalism is more efficient than socialism, but to build a compelling argument for free market capitalism, defenders of liberty must also articulate that it is a superior moral system.

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Rich Millennials Plot the End of Civilization

CapitalismMedia and Culture

Blog12/22/2020

Millennial Sam Jacobs went off to college a wealthy but normal young man and came back a socialist. Suddenly his family’s “extreme, plutocratic wealth” became too much of a burden for him. 

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Why the Marketplace Is Not a Zero-Sum Game

CapitalismMedia and Culture

Blog12/22/2020

Market progress through entrepreneurship and innovation means increased production. In a world of scarcity, that benefits all of us in society. That makes it a positive-sum game.

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Markets Aren't about "Using" People. Markets Help People Attain Their Goals.

CapitalismFree Markets

Blog12/19/2020

Claims that market arrangements involve the unethical “using” of others are of lengthy pedigree. But they are also of questionable merit.

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Biden’s Covid "Supply Commander" Is Bad Medicine

CapitalismProduction Theory

Blog12/02/2020

Joe Biden thinks a centrally planned supply chain for healthcare supplies is necessary, because "We can no longer leave this to the private sector." There are many reasons why this is so very wrong. 

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Giving Thanks to Society’s Economic Benefactors

CapitalismPoverty

Blog11/25/2020

As Thanksgiving approaches, we should be thankful to society’s economic benefactors rather than condemning them because of the wrongheaded ideology of egalitarianism.

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The Dystopian "Fourth Industrial Revolution" Will Be Very Different from the First One

Big GovernmentCapitalismSocialism

Blog11/17/2020

Klaus Schwab of the World Economic Forum has big plans for a "sustainable" future. Most of it involves the destruction of markets and basic human rights.

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