This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.
In something of a joke, President Barack Obama says Americans should actually read the Transpacific Partnership Agreement. The agreement itself consists of 30 chapters, with 144 annexes (43 of which are imbedded into specific chapters). Assuming the average American reads 200 pages a day, it would take a month. The length and complexity of the TPP Agreement signals that it is not fundamentally a free trade agreement, but is rather a managed trade agreement. As Obama has said, “I know that if you take a look at what’s actually in the TPP, you will see that this is, in fact, a new type of trade deal.”
Bill Gates of Microsoft is one of the wealthiest individuals in the world, so when he speaks it is not surprising that the world tends to listen. In a recent interview, Gates has said that capitalism is inherently unable to solve the problem of global warming, and instead there have to be world-encompassing government-business “partnerships” to save Planet Earth.
In today’s edition of The Heartland Daily Podcast, Jay Richards, assistant research professor at the Catholic University of America joins managing editor of Environment & Climate News H. Sterling Burnett to discuss the the misanthropic nature of modern environmentalism.
Bill Gates doesn’t believe that those who operate within the free market can ever be compelled to produce alternative fuel sources, so he suggests that the government spend untold millions on it instead.
In today’s edition of The Heartland Daily Podcast, Heartland Science Director Jay Lehr joins managing editor of Environment & Climate News to discuss the incestuous relationship between the EPA and radical environmental groups.
Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed.
For over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery starting in 2009 up to the present.
A more conciliatory message on the virtues of capitalism from Pope Francis would be regarded as a welcome counterbalance to the collectivist hyperbole emanating from some of his advisors and one that would help heal the Vatican’s emerging rift with many Catholics.
Klein’s greatest strength is recognizing that nothing less than the abolition of capitalism will achieve the drastic reductions in emissions her side is calling for … and she’s willing to say it out loud. I love that about her. The leaders of the environmental movement, who pretend this isn’t about ideology and that “stopping” climate change would be costless, hate her for revealing this.
For months, now, the mass media and the financial markets have anxiously watched and waited to see the outcome of a war of words, accusations, and threats that have been fought between Greece and its Eurozone and European Union partners.
Many Social Democrats believed that democracy was both compatible with and an essential complement to a humane socialism, a socialism that did not reduce humanity to obedient cogs in a giant collectivist wheel directed by a “dictatorship of the proletariat.” They wanted socialism with traditional civil liberties, personal freedom and democratic politics.
Keynesians never seem to learn. Every time an economy slows down or reverses gears and “goes negative,” in terms of growth and employment, their only answer is a call for “aggregate demand” stimulus and more government spending manipulation.
In spite of the great advances in reducing poverty and increasing the freedom and dignity of hundreds of millions of people around the world, the political and cultural climate virtually everywhere around the world is one of anti-business and anti-capitalism.
Competitive Enterprise Institute senior fellow John Berlau joins The Heartland Institute’s Budget & Tax News managing editor Jesse Hathaway to talk about the U.S. Treasury Department’s recent announcement that the “auto bailout” portion of the Troubled Asset Relief Program (TARP) had officially ended with the final repayment of taxpayer-funded loans to Ally Financial, formerly known as GMAC.
John Stossel spoke of being trained as a liberal consumer reporter. Believing rules were needed because life was complex, Stossel whole heartedly endorsed regulations, only to watch them fail. As to the The Department of Consumer Affairs, Stossel spoke about licensing requirement for repair shops. Licensing, however, didn’t protect customers. 30 years later repair shops, despite being licensed, were still fooling consumers and not giving consumers what they were promised to expect.