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Archive for the tag “capitalism”

30 Jul 2015

Bastardizing Capitalism

The fall of the Soviet Union in the ’80s was a huge black mark for communism and capitalists rejoiced. But progressives still soured on capitalism, suggesting we needed something in between. Enter The Third Way. Consumer reporter John Stossel says that we, in fact, have a “third way” today, which he describes as capitalism smothered in government. Stossel explains the transformation and what he’s coined the bastardization of capitalism in this edition of LibertyPen.

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04 May 2015

The Myth of Cool Commies

Che Guevera, a major figure in the Cuban Revolution of the late 1950s, advocated banning the free press and anything capitalist as he aided Fidel Castro ascend to power in the now communist state. He later admitted to executing many Cubans by firing squad, not knowing if they were fully guilty. Yet Guevara continues to be venerated by progressives. Michael Moynihan, of The Daily Beast, joins LibertyPen’s John Stossel to discuss the myths that continue to romanticize Guevara and communism.

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25 Apr 2014

Why Capitalism Works

Social critic and best-selling author George Gilder discusses the merits of capitalism in this edition of PragerU. Says Gilder, “Capitalism at its essence is a competition of giving. Of course self-interest is involved, but the genius of capitalism, and only capitalism, is that it channels self-interest into altruism. Entrepreneurs can only help themselves by helping others.”  Check out the rest of Gilder’s extraordinary insight.

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25 Feb 2014

Pope Wrong About Capitalism

When Pope Francis decried that the culture of prosperity deadens us all and blamed it on capitalism last December, that riled more than a few capitalists. One of them is Marian Tupy, senior policy analyst at the Cato Institute and editor of the website Human Progress, who tells Reason.TV’s Nick Gillespie that Pope Francis is wrong on two counts.

“First of all, the Pope is under the impression that the markets are free. That the markets are unfettered. He uses the expression ‘totally autonomous markets.’ In fact, over the past 20 years Washington alone has produced some 80,000 regulations … we don’t really have free markets as such. And secondly, what we see in countries with a level of great economic freedom, the poor are richer, they own a greater share of national wealth, there is less corruption and there are greater political and civil liberties.”

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25 Jul 2013

Entrepreneurship in Trouble

Carly Fiorina, former CEO of Hewlett-Packard and founder and CEO of Carly Fiorina Enterprises, discusses small business, regulation and the overall health of the economy. “There are fewer small businesses starting and more failing right now than at any time in the last 40 year,” she says. The Wall Street Journal reports

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13 Jul 2013

Obama Against Entrepreneurs

Have you heard the latest mind-blowing statistic about the Obama economy? There are now more Americans getting “food assistance” checks (101 million of them) than people working in the private sector (97 million). Who’s going to pay those bills, Mr. Obama?

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11 Jul 2013

Specialization and Trade

Professor Art Carden, from Samford University in Birmingham, Ala., is able to mow his lawn, build a fence, and install a faucet all at one time. How? He does it by employing others to do this work for him. He uses the money he earns doing what he does best and hires people to do this work for him because that is what they specialize in doing. This is an example of specialization through trade. H/T Learn Liberty

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14 Jun 2013

Capitalism and Imperialism

Although many conflate capitalism and imperialism or think the two systems are closely connected, they are actually quite different, even at odds with one another. Capitalism is a system based on voluntary exchanges that benefit all of the parties involved. In contrast, imperialism is based on exploiting the poor through political power and military force.

Prof. Stephen Davies shows that capitalism has been blamed through the years for a number of catastrophes—such as political corruption, exploitation of the poor, mass famines and others—that were, in fact, a result of imperialism. H/T Learn Liberty

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03 Jun 2013

Wonderful World of Capitalism

This 1950s cartoon shows how the middle-income consumer became the ‘dominant economic personality’ of the mid-century United States. H/T Instapundit

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18 Dec 2012

What’s Right with Social Justice

Do free market advocates care about the plight of the poor? In this video, Professor Matt Zwolinski from the University of San Diego argues that both free market advocates and social justice proponents can agree that the rules of a just society should work for the maximum advantage of its poorest members. They differ, however, mainly on HOW to achieve the best results for the poor.

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