Tag: capitalism
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.

Free-Market Ideology?

Free and uncoerced exchange among individuals is not an ideology.

Capitalism’s Biggest Enemies Are Capitalists

Capitalism is by far the most effective anti-poverty program in the world’s history.

Pope Francis’s Failure to See Entrepreneurs as Good Samaritans Undercuts the Poor

On April 25, a videotaped talk by Pope Francis was released at the international TED conference in Vancouver, Canada. The 18-minute talk, titled “Why the Only Future Worth Building Includes Everyone,” can be viewed here. Francis highlighted three themes, beginning with the observation that community is central to human existence: [L]ife flows through our...
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Michael John Novak, Jr. (1933 – 2017)

Our very dear friend and Founding Member of the Board of Advisors of the Independent Institute, Michael Novak, passed away at the age of 83, on February 17th. A man of immense generosity, integrity, joyfulness, and good will, Michael was one of the most important scholars, theologians, prolific authors, and public intellectuals of the...
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How Marxism Corrupts The Magnificent Seven

Capitalism doesn’t survive ten minutes in director Antoine Fuqua’s new remake of The Magnificent Seven. Mining baron Bartholomew Bogue (Peter Sarsgaard) stands before the residents of the western mining town of Rose Creek and proclaims that, because America has accepted capitalism, they have little choice but to submit to his economic predation on their...
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