In a recent podcast, actress Amanda Seyfried said, “Socialism is a gorgeous idea, and I know it doesn’t work perfectly.” When the podcast host pointed out that many people don’t know what socialism means, Seyfried replied, “For me, it’s taking care of each other. If I have more money, I can spend more money on…
Late night talk show host Bill Maher recently said that capitalism has failed, and this explains why many young people are voting for socialist candidates. “When you’re 30 years old, and you still have roommates? Yes, capitalism has failed you,” he remarked. Maher is wrong. Capitalism hasn’t failed. What we have today is not capitalism….
On January 1, 2024, vendors who sell books to Texas government schools will be required to rate each book they offer for sexual content. Any book that portrays or describes sexual activity must be labeled as sexually explicit or sexually relevant. The former is defined as books with content that is “patently offensive” which Texas…
It is difficult to read anything written by a Leftist without seeing the words “systemic racism” used to explain an issue. Systemic racism is blamed when a white police officer kills a black thug resisting arrest. When a black woman is raising her children without the father, the cause is systemic racism. When a black…
Many decry cronyism as a form of capitalism. In truth, cronyism and capitalism are incompatible. Capitalism is the social/political system that recognizes and protects individual rights—the freedom to live as one chooses so long as one respects the freedom of others to do the same. Individual rights pertain to freedom of action. They protect an…
Capitalism is the social/political system that recognizes and protects individual rights—the freedom to live as one chooses so long as one respects the freedom of others to do the same. Individual rights pertain to freedom of action. They protect an individual’s freedom to take the actions that he deems necessary to sustain and enhance his…
This was originally posted on PoodleRose on August 7, 2013. Comments have not been migrated. This month, the website for the Foundation for Economic Education is hosting a debate over whether advocates of liberty should abandon the term “capitalism.” The argument for abandoning the term essentially comes down to: “‘capitalism’ carries a lot of baggage—much…
Politicians and pundits regularly decry the increasingly divisive nature of American politics. From the Tea Parties to Occupy Wall Street, Americans are not happy with their government, and they are making their displeasure known. But what is causing this divide? And what is the solution? “In his book, Individual Rights and Government Wrongs, Brian Phillips…
This article was published in the September 1987 issue of The Freeman. $ $ $ The last quarter of the nineteenth century was a turning point for American capitalism. Just when free enterprise seemed to be enjoying its greatest success—with technological advances creating many new industries, opportunities opening for millions of workers, and living standards…