For many people, Pittsburgh is defined by the confluence of the Alleghany and Monongahela Rivers, out of which is formed the Ohio River. Three Rivers. But, Pittsburgh was transformed from a disease-infested frontier town into a great city by a different kind of confluence: the combination of coal from West Virginia and iron from Minnesota and the upper peninsula of Michigan.
The Oxford Dictionary defines capitalism as “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.” A new poll on the topic from Harvard received some attention yesterday, garnering headlines about millennial’s view of capitalism. The poll is challenging to interpret given that most people likely have a connotative sense of capitalism, but helpfully Harvard dug a little deeper by interviewing a group of people regarding their view of capitalism. As it turns out those who were wary of capitalism were not so much rejecting it but rather were concerned that today it seems unfair and leaves some people out.
It was fitting for The Heartland Institute’s President and CEO Joe Bast to feature Yaron Brook President of the Ayn Rand Institute, in a discussion of his new book, “Equal Is Unfair: America’s Misguided Fight Against Income Inequality.” Both organizations are fighting for the principles of freedom and liberty as set forth by our Founding Fathers.
Net Neutrality is a really stupid, anti-capitalism policy – that the Barack Obama Administration’s Federal Communications Commission (FCC) unilaterally (and likely illegally) jammed down our throats in February 2015.
Network Neutrality is a really stupid, anti-capitalism policy – that outlaws on the Internet several basic, fundamental free market tenets that are in practice in every other sector of a functioning economy.
Political campaign years are filled with candidates’ promises to solve people’s problems. Government policies will “create jobs,” will reduce or even block the “unfair” competition of market rivals in foreign lands, will restore or create prosperity for all, and will assure “fairness” for everyone, even if it means imposing regulatory or special tax burdens on some to guarantee politically provided privileges and benefits for others who are deemed “deserving.”
In this episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Marian Tupy, the editor of HumanProgress.org and a senior policy analyst with the Cato Institute’s Center for Global Liberty and Prosperity. HumanProgress, a Cato Institute project, allows people to create, compare, and share statistical indices of how human quality of life has changed over the centuries.
It should not come as a galloping shock to…well, most of the planet – that American farms are a bit more sophisticated and technologically advanced than…well, most of the planet. Our farms are far more efficient – and thus far better on the environment.
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.