"Nothing is more unpopular today than the free market economy, i.e., capitalism. Everything that is considered unsatisfactory in present-day conditions is charged to capitalism. The atheists make capitalism responsible for the survival of Christianity. But the papal...
capitalism
TGIF: Warm Individualism or Cold Collectivism?
Newly inaugurated New York City Mayor Zohran Mamdani promises to "replace the frigidity of rugged individualism with the warmth of collectivism." Funny that he chose those words. In Europe, where collectivist anti-fossil-fuels "green" policies have been enacted in the...
Marx Corrected
From each according to his freely undertaken contribution to the creation of wealth. To each according to the same.
TGIF: The Capitalist-Socialist Asymmetry
Free-marketeers have long pointed out a particular asymmetry between capitalism and socialism (whether of the international or national variety). While anyone in a capitalist society would have a right to engage in socialism (as anyone can do now in our hampered...
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...
Capitalism Civilizes
"Participation in capitalist markets and bourgeois virtues has civilized the world. It has 'civilized' the world in more than one of the word's root senses, that is, making it 'citified,' from the mere increase in a rich population. It has too, I claim, as many...
TGIF: Socialist Confusion
Recent polls indicate that many people under 30 view socialism and communism favorably. (For Marx, those words were synonyms.) It seems that socialism and communism are "in." What's going on? A self-described "democratic socialist," Zohran Mamdani, won the Democratic...
TGIF: What Is Capitalism?
So, what is capitalism? The answer will depend on who's being asked. Language, like markets, basic law, and customs, is a spontaneous order. No one plans it. Words drift in their meaning in ways that probably can’t be fully explained. Language is a tool that people...
Blog
Podcasts
Shop Our Books
Empire of Lies: Fragments from the Memory Hole
Had Enough of the Deep State’s Warlords and War Lies? George W. Bush spent a year and a half gaslighting the American people, using the shock of 9/11 as the pretext for an unrelated war he sought long before that tragic event. Isolated incident? Not at all. Now a...
Creative Chaos: Inside the CIA’s Covert War to Topple the Syrian Government
