What About the Poor?

A common question, when discussing capitalism, is: What about the poor? In other words, won’t the poor be helpless and hopeless in a capitalist society? The premise underlying such questions is altruism. According to altruism, we have a moral duty to serve others....

Lobbying and Political Power

Lobbyists are not a creation of the free market, but of a mixed economy–an economy with a mixture of freedoms and controls. When government has the power to arbitrarily dictate the actions of individuals, individuals will seek legislation that is favorable to them.

Who Owns Your Life?

Who Owns Your Life?

One of the most important and far reaching questions in moral philosophy is: Who is the proper beneficiary of an individual’s actions? There are only two possible answers to the question: The individual taking the action, or others. “Others” may mean the community,...
Supply and Demand in Education

Supply and Demand in Education

In recent years, it has become increasingly popular to argue that government should be operated more like a business. As an example, a manifesto written by sixteen public school executives explains how to fix public schools: Let’s stop ignoring basic economic...

Omniscience and Defending Capitalism

If you have ever attempted to explain capitalism, you have likely been confronted with a demand that you be omniscient. The demand is seldom, if ever, expressed that explicitly. Instead, it often takes the form of a question: how would some service, such as roads, be...
The Founders and the “General Welfare”

The Founders and the “General Welfare”

The Constitution limits the powers of the Federal government. However, even a perfect document cannot stand up to philosophical evasion and corruption. Without the proper moral base, the principles of the Constitution could not be defended, much less kept alive. To...

Jim Crow, Racism, and the Free Market

It is often claimed that capitalism leads to all sorts of ills, such as racism and cartels (or monopolies). As with most attacks on capitalism, these claims attempt to blame capitalism for the consequences of government intervention into the economy. The Jim Crow laws...