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"The greatness of America is not an “ethnocentric” prejudice; it is an objective fact. This assessment is based on the only proper standard for judging a culture or a society: the degree to which its core values are pro- or anti-life. Pro-life cultures acknowledge and respect man’s nature as a rational being who must discover and create the conditions which his survival and happiness require — which means that they advocate reason, rights (freedom), and technological progress. "
Edwin Locke
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THIS MONTH ON CAPITALISM MAGAZINE
On June 24, 2019, nineteen billionaires released a letter to the media entitled “A Call to Action: A Letter in Support of a Wealth Tax.” They urged potential presidential candidates to campaign for and, if elected, implement a new wealth tax that would strengthen America. I hereby offer my own letter in response.
In each and every case, the aforementioned authors carelessly repeat a claim that they want to believe and that affirms their political priors. No effort is made to check sources or investigate whether the claim itself is reputable.
Hamilton is an Enlightened, classical liberal, a more consistent champion of rights and liberty than any other Founder, thus an inspiring model for contemporary friends of liberty.
Edward Baptist, Ta-Nehisi Coates, and others of the “New History of Capitalism” demonstrate their ignorance in their dishonest attempts to associate American capitalism with slavery.
The freebies approach to political campaigning and policymaking brazenly panders to mooching and, by expanding the size, scope, and power of government, also institutionalizes looting.
“[T]he political system is most conducive to the public good in which the rightful liberty of the individual is least abridged.”
The path to genetic cures and radical life extension begins with the abolition of that Servant of Death: the FDA.
Social Security is running out of money. You may not believe that, but it's a fact. That FICA money taken from your paycheck was not saved for you in a "trust fund." Politicians misled us. They spent every penny the moment it came in. This started as soon as they...
Today’s level of lawlessness and insecurity in many black communities is a relatively new phenomenon. In the 1950s, ’40s, ’30s and earlier times, people didn’t bar their windows.
The government has no power to keep consumers in the dark—or to prohibit the use of terms that consumers understand—in order to protect special interests from honest competition.
Individualism remains the best tool to deny government the power to force us to buy health insurance in general or forbid the purchase of the kind of health care plan we prefer.
How a political push to justify increased taxation has afflicted the entire economic inequality debate.
Do Allegations of Intellectual-Property Theft Justify Protective Tariffs?
The capitalist achievement is progressive downward diffusion of things the rich and privileged take for granted that so many others couldn’t dream of.
If we can’t kill it entirely, we should be thinking about ways to make the Fed less political, not more.
Police and laws can never replace moral values as restraints on personal conduct.
The actual injustice is that America has sold out the region’s only free society, Israel—along with freedom-seeking people across the Middle East and among the Palestinian community—while empowering jihadist forces.
The true test of one’s commitment to free speech comes when others are permitted to say and publish ideas they deem offensive.
Instead of assuming that we’re in the midst of a surging inequality crisis, we should first settle more fundamental issues affecting the accuracy of our measurements over the past century.
There are three fundamental respects in which Western culture is objectively the best
That is the meaning of independence: trust in your own judgment, in reason; do not sacrifice your mind to your neighbors, the church, the race, the state, or the nation.
Is a proposed federal wealth tax on the ultra-rich the solution to America’s budget-deficit woes?
Keep in mind what “progressive” means in this political context: an increase in the size, scope, and cost of government in American society.
These two debates, in which the candidates fell over themselves offering free stuff, had one clear winner: President Donald Trump.
"Universal Health Care" is the increasing drumbeat of advocates who want Americans to place all responsibility for their health care in the hands of government.
If we Americans are indeed made better off the greater are foreigners’ demands for our exports, how are we made worse off by foreigners’ economic success given that such success invariably increases their demands for our exports?
America will do best if we remember that the Declaration of Independence talks about “limited” government and reminds us that every individual has inalienable rights.
Chief among the policies that reward inferiority and irresponsibility is the welfare state.
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CAPITAL READING
Keeping It Real: Bringing Ideas Down to Earth
by Leonard Peikoff, ed. by Barry Wood (540 pages)
Offers invaluable advice on how to apply broad philosophical principles to the real-world decisions we have to make every day.
"Leonard Peikoff, Ayn Rand’s longtime friend and heir, provides a wealth of practical counsel on personal relationships, child-rearing, career problems, politics, sex, and many other topics. His answers to hundreds of questions—taken from the first five years of his former podcast—highlight the importance of ensuring that the principles we claim to live by do not float in our minds as useless wordplay, but rather guide us in action toward our personal, selfish happiness here on earth."
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