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 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 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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Money is the barometer of society’s virtue. When you see that trading is done, not by consent, but by compulsion- when you see that in order to produce, you need to obtain permission from men who produce nothing- when you
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“Too big to fail” is as antithetical to capitalism and economic growth as sugary high fat diet is to good health. Some free market supporters prefer the phrase “free enterprise” to capitalism, because of the bad name capitalism has developed.
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Ever since Michael Douglas’s character Gordon Gekko in the movie Wall Street declared “Greed is Good” capitalism has been cast in a sinister role that it has yet to overcome. The movie speech was rumored to be taken from a
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There is a certain dynamism and egalitarianism built into modern industrial society. For “Industrial society is the only society ever to live by and rely on sustained and perpetual growth, on an expected and continuous improvement,” (Ernest) Gellner writes. Indeed
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The president ran on clear ideals of a fairer and more just society, ultimately meaning redistribution of income. He saw the gaps between the rich and the poor widening. He has been demonized by his opposition for being socialist, communist
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Whether his interests center round his own physical needs, or whether his he takes a warm interest in the welfare of every human being he knows (altruism), the ends about which he can be concerned will always be only an
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This clip of Milton Friedman is a great insight into the ancient tradition of surviving is spite of governmental authority vs those who seek protection from that authority. tips to Bob Cain
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More from Roy Fickling in response to a debate that centers on promoting economic growth verses a more fair and even distribution of wealth. For a bit about Roy’s experience see The Great Debate Part I You ask, “By the
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More from Roy Fickling in response to a debate that centers on promoting economic growth verses a more fair and even distribution of wealth. For a bit about Roy’s experience see The Great Debate Part I Let’s take socialism to
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This is a continuation of Roy Fickling’s response in a debate that centers on promoting economic growth verses a more fair and even distribution of wealth. For a bit about Roy’s experience see The Great Debate Part I The human
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“Capitalism is, among other things, the revitalization of the world thanks to the opportunity to be lucky. Luck is the great equalizer because almost everyone can benefit from it. The socialist government protected their monsters and, by doing so, killed
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“Here is the quickest way to determine if you are operating in an honest capitalist system or a corrupt imitation thereof: check the bankruptcy rates. For most of the last hundred years, the United States has had both the strongest
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Life in a modern, money economy… is characterized by ever greater distances between means and ends. Determining how to attain our ends is a matter of intellect, of calculation, weighing, comparing the various possible means to reach our goals most
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The “ideology of modern finance” replaced the capitalist’s appreciation for free markets as a context for human creativity with worship of efficient markets as substitutes for that creativity. The capitalist understands free markets as an arena for the contending judgments
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“Prevailing in Washington as on Wall Street were the most vile and self destructive assumptions of anti-capitalists everywhere who imagined they could wield capital even while abandoning the principles that created it; that systems could substitute for the moral standards
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In the aftermath of World War II, Ghandi was once asked what he thought about western civilization, and replied, “I think it would be a good idea.” I would propose the same reply to , “what do you think about
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The stock market is pushing to new highs and we are seeing some real improvement in the employment picture. Does this mean that the president’s economic plan is working ? Does it mean that the card check bill, Cap and
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