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Capitalism, properly understood

The Free Market at Work

March 21, 2018 – Laurence Vance …… Any seller of merchandise or services — from large corporations to small businesses to sole proprietors — should be able to sell or not sell any product or service to anyone they choose. Continue reading →

Unsung Heroes of the Market

February 23, 2018 – Robert Higgs …… Capitalism! The actions that go into a worldwide market order don’t just happen; individual entrepreneurs have to make them happen. They deserve all the celebration we can give them. Continue reading →

A Basic Principle about Trade

December 3, 2017 – Jacob Hornberger …… To the extent that government laws, rules, and regulations interfere with people’s freedom to trade with others, to that extent government is reducing people’s standard of living. It’s making them poorer. Continue reading →

Our ancestors escaped crippling poverty because of Capitalism

November 13, 2017 – Richard Ebeling …… The free enterprise, or capitalist, system has done more to improve the material condition of humanity than any other economic arrangement in all of recorded history. Yet, “Capitalism” is constantly condemned and accused of being the cause of humanity’s woes, while in reality, nothing is further from the truth. Continue reading →

What Is “Capitalism” Anyway?

November 3, 2017 – Richard Ebeling …… Inequality. Discrimination. Racism. Poverty. Environmental degradation. Worker exploitation. These are just a few of the problems for which capitalism is often (incorrectly) blamed. We need to define the term “capitalism” – what it is, and what it is not. Continue reading →