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Once freed from the mischaracterizations of economic theory that the new historians of capitalism have imported from Karl Polanyi, it is easy to see the foolishness of their endeavors.
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Something tells me that if we are ever going to regain the footing in public culture, the Brooks path might be the one to make it happen.
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The Business Roundtable is merely rediscovering what proponents of a free market system have known for a long time.
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The anti-capitalist ideology of southern slaveholders presents a conundrum for historians who erroneously equate the plantation economy with the free market.
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Michael Munger found it useful to summarize the argument for capitalism briefly, and in some ways superficially.
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If you think Sweden is socialist, then you know something that just ain’t so.
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At some point, the last dollar invested in honest profits is going to return less than the first dollar to be spent on cronyism. After that, the firm becomes dependent on the state.
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A clear-eyed comparison of the alternatives actually available to us reveal why all the world’s developed nations use some version of capitalism. The only people who advocate socialism are those who don’t know how it actually works.
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Anti-socialism without a coherent alternative tends to degenerate into a contradictory, idiosyncratic, and logically incoherent case for some unstable, impure mixture of the two systems.
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I am lucky to be alive. It would take me just a couple of hours to die from hypothermia if I were outside in such weather.
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When positive change finally does come to Venezuela, the nation will have its chapter of the Bastiat Society to thank for growing and maintaining the bottom-up foundation of a free market economy.
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Classical liberals and libertarians consider that their defense and insistence upon a principled practice of individual liberty and competitive free markets is no less of a moral necessity and calling than earlier demands for ending infringements on personal and social freedom that were widely taken for granted.
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