Tag: capitalism
The Judeo-Christian Origins of Liberty

In his monumental book, Inventing the Individual: The Origins of Western Liberalism (Penguin, hardcover 2014; Harvard University Press, paperback 2017), American-born, British intellectual historian Sir Larry Siedentop (Keble College, Oxford University) argues that Western “classical liberalism” has been the child of Christianity. That is, the Judeo-Christian principles, understandings and intuitions, that evolved from the...
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Never Let a Good Crisis Go to Waste

Remember the Golden Age of Laissez-Faire, the grand epoch brought to a tragic end by the COVID-19 crisis, which laid bare its failures for all to see? Me neither. And yet the New Narrative is already being written. “The Era of Small Government Is Over,” writes Jamelle Bouie in the New York Times. US federal, state, and local government...
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Capitalism: Getting Ahead and Staying Ahead

Joseph Schumpeter described capitalism as a process of creative destruction, and an economic system that is always changing, never stationary. He called capitalism an evolutionary process and said the engine that keeps the economy advancing is entrepreneurship. In a capitalist economy, people get ahead by being entrepreneurial: looking for ways to create value for...
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How To Be a Good Neighbor by Being a Role Model — The United States, Mexico, and Economic Freedom

Role modeling economic freedom and open trade are the correct policies long term, not only for the United States, but also for its neighbors and trade partners around the world.

President Trump and the Popularity of Socialism

The Cold War, which effectively ended thirty years ago with the collapse of the Berlin Wall, was a contest between the capitalist democracies of the West against the socialist dictatorships of the East. The result was a decisive victory for capitalism and democracy. Now, with the rise of self-described socialists like Bernie Sanders and...
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Sen. Rand Paul Eviscerates the Left in His New Book, The Case Against Socialism

Socialism has been tried on six continents and in numerous countries, but always with the same failed result. Despite geographic, economic, and other national differences, the experience of socialism follows a consistent trajectory, with its trademark features—poverty, shortages of resources, and repression—always on display. Senator Rand Paul’s new book, The Case Against Socialism, is...
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W. Dieter Tede (1933-2019)

I was privileged to present a tribute at the memorial celebration for the life of Wolfgang Dieter Tede, on Saturday, October 19, 2019, at the St. Francis Yacht Club in San Francisco. He was a member of the Board of Directors of the Independent Institute for over twenty years, and here is an edited...
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Inequality: Capitalism’s Biggest Challenge

One of the most frequent shortcomings of capitalism cited by capitalism’s critics is inequality.

BS Plus AOC Plus USPS Equals Socialist Banking

Vermont socialist and presidential candidate Bernie Sanders wants to expand the USPS into banking.

Comparative Economic Systems

With socialism’s rising popularity, it may be time to bring back courses in Comparative Economic Systems.

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org