THOUGHT FOR THE DAY

Capitalism is the social system based on individual rights. The term capitalism is used here in the broader philosophical, political sense (social system), and not in the narrower economic sense (market economy).

Capitalism is not just an economic system (the free-market) that can be grafted onto any political structure. Capitalism is an integrated system with specific dependencies. The economy of capitalism — the free market — depends on a specific legal (objective law), political (individual rights), and ethical (rational self-interest) foundation. It is these dependencies that make individuals free not only in their economic affairs, but in their personal affairs as well.

Senator Elizabeth Warren: Central Planner for ‘State Capitalism’

By Max Gulker

Warren herself would have made a bad president, but of far more concern was her potential to act as a force multiplier for bad presidents down the road.

The Coronavirus and Anti-Gouging Laws

By Raymond C. Niles

Instead of finding (temporarily expensive) masks available for sale, we are confronted by “No masks available” signs everywhere we look.

Liberals Should Reject Welfare Statism

By Richard M. Ebeling

The decades-old “social liberalism” of the progressives has finally “come out of the closet” to, now, boastfully declare what it has always been – a form of socialism but made milder in sound with the modifier “democratic” in front of it.

What 1619 Project’s Critics Get Wrong about Lincoln

By Phillip W. Magness

While Lincoln’s colonization remarks grate the modern ear, and evince a patronizing paternalism toward the program’s intended participants, they also reflect the sincerity of his anti-slavery beliefs and an accompanying recognition that white-supremacist violence would not end with the formal abolition of the institution.

Capitalism and Free Markets Can Save Nature For Humankind

By Joakim Book

Instead of succumbing to the eternal alarmism that should undermine ecologists’ credibility, we should accept that maybe – just maybe – the world is getting better. And much-reviled capitalist markets are, in no small feat, to thank for that.

Another African Tragedy

By Walter Williams

Africa's locust plague is man-made.

Forbidden Parenting

By John Stossel

Some parents are so neglectful that government should intervene, but not by "telling us every little detail how to raise our children."

Licensing vs. Freedom of Compeition

By Veronique de Rugy

Licensing requirements generally restrict the supply of services in the licensed industry by prohibiting some perfectly competent workers from working as providers.

Cuban Education Under Castro: Literate for Indoctrination

By Vincent Geloso

What explains the rising literacy rates and rising levels of educational achievements is also what explains the regime’s ability to continually repress Cuban people.

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Heroes, Legends, Champions: Why Heroism Matters
What heroes are and why mankind needs them.

A provocative first step toward understanding the nature of heroes, one that will hopefully spark a lively 21st-century debate of this important subject. Order on Amazon.

Capitalism Visual Tour

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