by Deion Kathawa More than two years into President Trump’s historic presidency, it behooves us to think more deeply about a persistent sticking point in the political life of the nation: Why do (most) right-wing intellectuals loathe him? This kind of nearly unified opposition cries out for explanation. After…
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Commentary: Empathy is at the Core of Capitalism
by Barry Brownstein You don’t have to search far to read claims that capitalism is centered on greed and selfishness. For some, the assertion seems self-evident as they read, for example, stories of pharmaceutical companies dramatically increasing the price of important drugs. Those who hold a “capitalists are greedy” belief fail to…
Read MoreWalter Williams Commentary: Our Ignorance Of Socialism is Dangerous
by Walter E. Williams A recent Victims of Communism Memorial Foundation survey found that 51 percent of American millennials would rather live in a socialist or communist country than in a capitalist country. Only 42 percent prefer the latter. Twenty-five percent of millennials who know who Vladimir Lenin was…
Read MoreHow the Myth of the ‘Robber Barons’ Began – and Why It Persists
by Burton Folsom We study history to learn from it. If we can discover what worked and what didn’t work, we can use this knowledge wisely to create a better future. Studying the triumph of American industry, for example, is important because it is the story of how the…
Read MoreAmazon: The World’s Most Dangerous Crony Capitalist
by Rick Manning The bedrock of American commerce – and of the broader capitalist experiment – has always been competition. If you can build a better mousetrap, invent a longer-lasting light bulb or more efficiently churn out widgets (or in this case, clichés), odds are your endeavor will encounter success. It doesn’t…
Read MoreThree Ways Milton Friedman Improved the Field of Economics
by Luis Pablo De La Horra Milton Friedman is probably the most important free-market thinker of the twentieth century. His ideas in defense of capitalism and economic freedom had an enormous influence on the shift towards free-market policies that took place from the 1970s onwards. Countries like the UK, China,…
Read MoreCommentary: College Professor Debunks 4 Common Capitalism Myths He Hears from Students Every Day
by James Davenport One of the most disappointing things I face as a college professor is the lack of understanding most students have regarding capitalism. The simple fact is, despite its importance to our daily lives, relatively few people have a strong grasp of what causes economic growth and why…
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