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.
Liberal writer Naomi Klein’s magnum opus on the environment, This Changes Everything: Capitalism vs. The Climate, is a must-read for conservatives and libertarians. The mask is off. Klein admits progressive[…]
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.
Suppose that there was a button in front of you that if you pushed it would, in one instant, abolish all the governmental controls and regulations on the U.S. economy. Would you push that button, and transform America into a society of free men associating with each other on the basis of voluntary exchange, with government limited to protection of life, liberty and honestly acquired property?
Eighty years ago, in the autumn of 1934, there appeared in English one of the most important books on money and inflation penned in the twentieth century, The Theory of Money and Creditby the Austrian economist, Ludwig von Mises. Even eight decades later, it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.
“Extremist voices and groups have hijacked Islam and misappropriated the right to speak on its behalf,” Iyad Ameen Madani, secretary general of the Organization of Islamic Cooperation, told the 25th Session of the Arab Summit earlier this year.
One of the great fallacies arrogantly believed in by those in political power is the notion that they can know enough to manage and command the lives of everyone in society with better results than if people are left to live their own lives as they freely choose.
One-hundred-twenty fellow lovers of liberty signed up to attend an evening with Steve Forbes and Elizabeth Ames at the historic Union League Club in Chicago on Wednesday, August 13, for a special edition of The Heartland Institute’s Author Series to hear Forbes and Ames discuss their new book, “Money: How the Destruction of the Dollar Threatens the Global Economy, and What We Can Do About It.”