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  • capitalism

    Is Capitalism Good for You?

    Most politicians and political commentators insist that this year’s election rests on economic concerns, not “social values” (contraception, abortion, gay marriage, and the like). But in America’s free market system, economics and values are in fact closely joined. Not only is capitalism the most successful system for generating wealth, but … More

    Reasonable Profits Board for Oil Harms Teachers, Police Officers, Firefighters

    In his State of the Union address, President Obama emphasized, “We don’t begrudge financial success in this country. We admire it.” That may be the case if you make iPods, iPads, and iPhones, but when it is “big oil” (i.e., stockholders, pension funds, and IRAs investing in oil companies) that … More

    Obama's New "Fairness Doctrine" and the American Ideal

    “Economic fairness” is expected to be the topic of President Barack Obama’s State of the Union address on Tuesday night, during which he will likely sound the same populist notes of progressivism that America heard last month in his speech in Osawatomie, Kansas. Fairness, though, is in the eye of … More

    Did the Founders Support Free-Market Capitalism?

    Free-market capitalism is losing supporters these days. Wall Street occupiers blame banks, financial firms, and Wall Street for the bad economy. President Obama derides free markets, in true straw-man fashion, as you’re-on-your-own economics with “a free license to take whatever you want from whoever you can.” Even some Republican presidential … More

    October 7, 2012: An Expiration Date for the Chávez Regime?

    Venezuela’s authoritarian populist President Hugo Chávez announced that presidential elections will take place on October 7, 2012. Chávez, who continues to battle an unspecified cancer, is convinced he will win. In office since 1999, Chávez argues he must have another six years in order to install Socialism of the 21st Century, … More

    Grinding the Government's Gears of Enterprise, Smithsonian Style

    Late last month, Smithsonian.com launched a “Department of Innovation” blog in hopes of reigniting President Barack Obama’s call for this generation’s “Sputnik moment”—in less glossy terms, that means taxpayer-funded corporate welfare to pursue the President’s pet projects. Fittingly enough, the “Department of Innovation” logo featured a series of cogs that, if … More

    Borders Bookseller Goes Belly Up, but Save Your Tears

    The slow, painful end of Borders bookstores has finally arrived. After filing for Chapter 11 bankruptcy protection in February and taking actions to save the company, the 40-year-old chain with locations across the country will begin liquidation on Friday. All told, 399 stores will close, and 10,700 workers will lose … More

    How Capitalism Makes Us Richer

    Listening to some politicians recently, you’d think capitalism benefits only those on Wall Street, not Main Street. Yet the benefits of capitalism have proven over history to benefit all of society. The heart of capitalism is the private ownership of property. Without free enterprise, individuals would not be able to … More

    We’re All Capitalists Now?

    Probably not permanently, but the economic policy excerpts from Rahm Emanuel’s stump speech last Saturday could lead one to believe that: . . . we cannot ask taxpayers for more when families are struggling to stay afloat in this economy.  We cannot price Chicagoans out of their homes, their schools … More

    U.S. Can't Lead on Economic Freedom When It’s Retreating

    The news is out: the U.S. is falling behind on economic freedom. In the 2010 edition of the Index of Economic Freedom, the United States, for the first time, dropped out of the ranks of the free, and into those of the ‘mostly free,’ ranking eighth in the world and … More