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Archive of posts published in the tag: common good capitalism

A Want of Modesty

“To the contrary, it’s because they don’t believe politicians recalibrating the tax code in the name of the common good will bring about the moral economy. It’s because they don’t believe technicians redirecting capital investment will work, or that it can be had with no costs or unintended consequences. Above all, it’s because they believe that trusting Washington to give us a new and improved capitalism by repurposing private companies to serve the priorities of the government rather than those of their owners requires a faith far greater than any ever demanded by the Lord.”

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Unfettered Government is the Greater Threat

Capitalism works best when knowledge and power meet.  Government is power without knowledge; regulation strips power from knowledge. It is suspicious when the answer to unfettered capitalism which does not exist is  unfettered government which is the greater problem.  It is hard to conceive of distant parties with no skin in the game making wiser decisions than people who have to face the consequences of their choices.  The problem is political actors who want to dispense benefits without paying for them.

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