Laissez-Faire Capitalism Is The Political-Economic Foundation of Innovation
The only thing governments can do to facilitate innovation is to stay away from markets and allow companies compete and trade freely.
Socialism: Marking a Century of Death and Destruction
Everything the Marxists said about capitalism – exploitation of the many by a privileged few; a gross inequality of wealth and opportunity simply due to an artificial arrangement of control over the means of production; a manipulation of reality to make slavery seem as if it meant freedom – was, in fact, the nature and essence, of Soviet socialism.
Economic Ideas: Karl Marx’s Misconceptions about Man and Markets
Though it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually said he opposed any attempt to establish a communist system. In October 1842, he became editor of the Rheinische Zeitung [the Rhineland Times],...In Defense of the Automobile: Automobiles Are A Solution, Not A Scourge
It is critical to robust intellectual discussion of modern human life to acknowledge and celebrate the liberating role that the automobile has played in making this the greatest era in history for human flourishing.
A Monetary Policy Primer, Part 9: Monetary Control, Today
Instead of endeavoring to influence a market-determined federal funds rate by reducing or increasing the supply of bank reserves, the Fed now adjusts a pair of rates determined solely by its own administrative decrees, while conducting open-market operations without any particular reference to these rate adjustments.
Zero-Sum World of Donald Trump
President Trump views the world as hostile place in which other nations are out to better themselves by making America and the American people poorer, weaker and worse off.
A Monetary Policy Primer, Part 8: Money in the Latest Great Muddle
A stable inflation rate is no guarantee of overall economic stability.
Trudeau’s Illogical Leap on Climate Change
Governments’ use of force to curtail CO2 emissions is not only futile—it undermines freedom of business and of the rest of us, and therefore, human prosperity and flourishing.
Creeping Egalitarianism Is Ruining The Oscars
This egalitarian ideal sets the standard as the color of one’s skin, or sex or sexual orientation, as against the quality of the movie, performance or direction.
CAPITALISM REVIEW
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