Tag Archives

Archive of posts published in the tag: capitalism

The Prophet of an Irrational Faith

“How delicious that, as we approach the bicentenary of his birth, Karl Marx should have turned into the thing he loathed above all: the prophet of an irrational faith.”

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The Problem with Capitalism

The danger of excess regulation or central planning is not frustrating the natural organic order, but undermining the institutions that control our baser instincts.

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The Third Wave of Capitalism

Competition is both wasteful and efficient. Lots of ideas die, but the new ones that emerge more than make up for the loss. Central planning may restrict competitive ideas, but rarely leads to the emergence of great ideas because central planning is reacting to problems and needs that become obsolete before the ink is dry on the plan.

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Is Capitalism Natural?

By acknowledging human flaws and addressing them, conservatives permit human potential to flourish.  By seeking a non existent perfection socialists require central control and power that frustrates human potential and growth.

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Humble Capitalism- Observation on the Berkshire Hathaway Meeting

Patience is a virtue and a vice for Americans.  We can be suckers for simplistic formulas, excess leverage, and delusions of certainty. Buffet and Munger avoid these traps.  Our obsession with finance distracts from the effective and efficient production of goods and services, engagement with the customer, and the patience and faith to adhere to sound principles.

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Little Platoons of Civil Society

Socialism and its cousin, Progressivism, are not the forward-thinking ideologies they pretend, but regressions to the natural tendencies of man.

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Clarifying Capitalism

From Andy Kessler in The Wall Street Journal, Quit Modifying Capitalism (paywall) State Sponsored Capitalism (China) Casino Capitalism (Bernie Sanders) Sustainable Capitalism (Al Gore) Patrimonial Capitalism (Piketty) Surveillance Capitalism ( new one for me-  Ivy League origin) Popular Capitalism Conscious Capitalism (John…

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New Concentrations of Capital

From The Disturbing New Facts About American Capitalism by Jason Zweig in The WSJ Modern capitalism is built on the idea that as companies get big, they become fat and happy, opening themselves up to lean and hungry competitors that can…

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The Great Progressive Fallacy

from Don Boudreaux at Cafe Hayek (highly recommended) , a quote from Robert Higgs: Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical, general-equilibrium models.  Not only…

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Capitalism vs Crapitalism

from How we ‘won’ in Vietnam, but are losing at home by Glenn Harlan Reynolds in USA Today So I guess we won that war after all. According to thePew Global Poll, 95% of people in Vietnam agree that most…

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Are People an Asset or a Liability?

Kevin Williamson writes Welcome to the Paradise of the Real in The National Review Online.  It is a bit long but quite worthy of the time to read it in its entirety. Excerpts: None of those problems facing the poor — and…

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Capitalism is Not Inevitable

Kevin Williamson writes Welcome to the Paradise of the Real in The National Review Online.  It is a bit long but quite worthy of the time to read it in its entirety. Excerpts: We treat the physical results of capitalism as though…

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Politics is a Footnote

Kevin Williamson writes Welcome to the Paradise of the Real in The National Review Online.  It is a bit long but quite worthy of the time to read it in its entirety. Excerpts: Politics is parasitic. Even at its best, it produces…

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The Physical Economy

Kevin Williamson writes Welcome to the Paradise of the Real in The National Review Online.  It is a bit long but quite worthy of the time to read it in its entirety. Excerpts: The farther away we move from the physical economy…

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Worthless Jobs

Kevin Williamson writes Welcome to the Paradise of the Real in The National Review Online.  It is a bit long but quite worthy of the time to read it in its entirety. Excerpts: Mr. Carrillo’s intellectual failure is catastrophic, but it is…

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No Place for Profits?

Maryland’s ACA exchange paid $65 million to a contractor outside of the normal procurement process and it is deemed a huge failure.  While they are only at half of the goal of 77,600 enrolled by the end of the month…

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The Pope and Capitalism

Pope Francis offered his judgment on modern capitalism in his 50,000 word address, Evangelii Gaudium: Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and…

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A Mind Centered Economic System

Michael Novak writes in The National Review, Democratic Capitalism  The prospering of free societies depends on certain moral and cultural practices. Sept 24, 2013 Excerpt: For instance, more than a hundred nations of the world have discovered by experience during the…

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Three Legs of Democratic Capitalism

Michael Novak writes in The National Review, Democratic Capitalism  The prospering of free societies depends on certain moral and cultural practices. Sept 24, 2013 Excerpt: As a matter of principle, however, the Chinese leadership is betting on the possibility of sustaining…

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Capitalist Redemption

Michael Novak writes in The National Review, Democratic Capitalism  The prospering of free societies depends on certain moral and cultural practices. Sept 24, 2013 Excerpt: Meanwhile, two principles help to define the meaning of “democratic capitalism.” (1) The first is a…

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