Tag Archives

Archive of posts published in the tag: capitalism

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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Socialism, not Capitalism, Is Based Greed

Some implicitly accept the behavioral dream of  “Skinner box” economics of stimulus and response, in which lower rates impart a stimulus of reward for more work and risk-taking, yielding more revenues for the government.  A successful economy, however, is driven…

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A Capital Image Problem

  Charles Murray writes in the Review section of the weekend Wall Street Journal, July 28-29/12, Why Capitalism Has an Image Problem. Excerpt: From the dawn of history until the 18th century, every society in the world was impoverished, with…

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Capital Ideas

A sampling from  Explaining Conservative Economics in 25 Quotes by John Hawkins in Townhall 8/7/2012: “A claim for equality of material position can be met only by a government with totalitarian powers.” — F.A. Hayek “Either immediately or ultimately every…

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The Launching of Surprises

George Gilder writes Unleash the Mind in The National Review.  It is from his soon to be released update of his classic Wealth and Poverty. All progress comes from the creative minority. Under capitalism, wealth is less a stock of…

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Exhausting Creative Potential

George Gilder writes Unleash the Mind in National Review.  It is from his soon to be released update of his classic Wealth and Poverty. It is not the enlargement of incentives and rewards that generates growth and progress, profits and capital gains…

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The Greater Risk

Socialism is an insurance policy bought by all the members of a national economy to shield them from risk.  But the result is to shield them from knowledge of the real dangers and opportunities ubiquitous in any society.  Rather than…

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A Holocaust of Knowledge

The greatest damage inflicted by state systems of redistribution is not the “distortion of markets,” the “misallocation of resources,” or the “discoordination” of producers and consumers, but the deflation of capitalist energy, the repression of entrepreneurial ideas, and the stultification…

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The Essential Task of Financial Markets

“He will not go far who knows from the first where he is going.” So spoke Napoleon as he launched his brilliant, tempestuous, and catastrophic career from Versaille via Moscow to St. Helena’s isle.  A heroic spectacle for a man,…

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Revisionist Capitalism

Peter Schiff writes Obama Gets Real at the Business Insider, 12/9/11 Excerpt: But according to Obama’s revisionist version of American history, we tried capitalism only briefly during our history. First, during the Robber Barron period of the late 19th Century,…

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The Case for Capitalism

Charles Murray writes in the Review section of the weekend Wall Street Journal, July 28-29/12, Why Capitalism Has an Image Problem. In this excellent piece Charles Murray gives his ‘best effort’ to write an elegant case for capitalism: The U.S. was…

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The Canadian Lesson on Sound Banking

The default belief  of our economic history of the last 100 years has been an acceptance of the dynamic growth of capitalism punctuated by excesses of market greed that have to be corrected by the singular wisdom of government regulation.…

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The Worst Form of Capitalism

The Right frequently calls the President a socialist?  The left protests that it just isn’t true.  Is it? Socialism, fascism and communism all share belief in some large degree in government control of the means of production.  They all stand…

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