Capitalism - Category Archive

The Worst of Both Worlds
Chris Banescu  |  July 24, 2010

7/24/2010 – Henry Oliner -
Karl Marx understood that capitalism is intrinsically productive but saw an inherent unfairness in any value other than that provided by labor. Marx also understood that individual incentives to produce would inevitably lead to overproduction and painful contractions. To avoid these contractions and their impact on labor costs, he believed the [...]

Steve Wynn: No Common Sense in Washington
Chris Banescu  |  June 24, 2010

Steve Wynn, the American entrepreneur and casino resort/real-estate developer, was recently interviewed by CNBC for the opening of his new Encore Beach Club in Las Vegas. During the questions and answers session with the correspondent, the billionaire business owner addressed some of the most serious problems American companies face and the incompetent manner in which [...]

Free to Choose
Chris Banescu  |  June 9, 2010

6/9/2010 – John Stossel –
America’s current struggles notwithstanding, life here is pretty good. We have a standard of living that’s the envy of most of the world.
Why did that happen? Prosperity isn’t the norm. Throughout history and throughout the world, poverty has been the norm. Most of the world still lives in dire poverty. [...]

How to Cripple the Free Economy
Chris Banescu  |  May 29, 2010

The socialist policies implemented by the Obama administration and the Democrat leadership undermine America’s economic prosperity and prolong the misery for millions of companies and workers. Despite passing multi-trillion dollar government tax and spend initiatives, numerous bailouts of failed businesses, and repeated extensions of government benefits, Americans are suffering and the economy is languishing. [...]

The Failure of the Unfree Market
Chris Banescu  |  May 11, 2010

5/11/2010 – Randall Hoven –
What we have here is the failure of the unfree market. That means the failure of Greece. And the other PIGS (Portugal, Italy, Greece, Spain). And Europe. And it means the U.S., too. It even includes the Great Recession. The modern welfare state is collapsing around us.
If you had believed in [...]

Top 10 Reasons to Rely on Private Sector Markets
Chris Banescu  |  April 28, 2010

4/27/2010 – John Pisciotta – Acton –
Americans have less confidence and trust in government today than at any time since the 1950s. This is the conclusion of the Pew Research Center survey released in mid-April. Just 22 percent expressed trust in government to deliver effective policies almost always or most of the time. With the [...]

After the Fall: Saving Capitalism from Wall Street and Washington
Chris Banescu  |  February 14, 2010

Amazon.com | by Nicole Gelinas | 2009
Robust financial markets support capitalism, they don’t imperil it. But in 2008, Washington policymakers were compelled to replace private risk-takers in the financial system with government capital so that money and credit flows wouldn’t stop, precipitating a depression.
Washington’s actions weren’t the start of government distortions in the financial [...]

How Data On Income Distribution Are Misunderstood And Misapplied
Chris Banescu  |  January 11, 2010

Investor’s Business Daily | by Thomas Sowell | Jan. 8, 2010
Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called [...]

Jobs or Snow Jobs?
Chris Banescu  |  December 11, 2009

American Thinker | by Thomas Sowell | Dec. 8, 2009
President Obama keeps talking about the jobs his administration is “creating” but there are more people unemployed now than before he took office. How can there be more unemployment after so many jobs have been “created”?
Let’s go back to square one. What does it take to [...]

Entrepreneurs Go on Strike
Chris Banescu  |  November 26, 2009

American Thinker | by C. Edmund Wright | Nov. 20, 2009
Can Barney Frank dunk on Lebron? No, he cannot. Nor can anyone else in Washington. Nor can they catch passes from Ben Rothlisberger in the Super Bowl or strike out Derek Jeter in the World Series. They are not equipped to do so. So what? [...]

The Market, School of Virtue
Chris Banescu  |  November 5, 2009

Acton Institute | by Stephen Grabill | Nov. 4, 2009
Does the market inspire people to greater practical virtue, or does it eviscerate what little virtue any of us have?
Far from draining moral goodness out of us—as many think—the free market serves as a “school of the practical virtues.” Rather than elevating greed and self-sufficiency, [...]

How to Liberate an Economy
Chris Banescu  |  October 30, 2009

Entrepreneurs understand the importance of freedom in the workplace.
City Journal | by Guy Sorman | October 21, 2009

Brian Carney and Isaac Getz’s Freedom, Inc. is a timely book. It’s also countercyclical and somewhat counterintuitive. After all, most of today’s writing about economics and business is haunted by the current crisis: nearly every author and commentator [...]

Capitalism: A True Love Story
Chris Banescu  |  October 21, 2009

Forbes.com | by Steve Forbes | October 19, 2009
How is wealth created? Seemingly a strange question for Forbes readers, but the question is hardly an academic one in the wake of the credit crisis and ensuing global recession. It has profound political implications that will affect our economic future.
Clearly, a sizable portion of the [...]

In Defense of Capitalism
Chris Banescu  |  September 19, 2009

FrontPage Magazine | by Vasko Kohlmayer | Sep. 18, 2009
“Capitalism is an evil, and you cannot regulate evil… you have to eliminate it and replace it with something that is good for all people,” concludes Michael Moore in his latest documentary Capitalism: A Love Story.
Moore’s fulmination is neither surprising nor atypical in this era [...]

Orthodox Christianity And Capitalism: Are They Compatible?
Chris Banescu  |  April 20, 2009

AFR – The Illumined Heart | Kevin Allen | Apr 17, 2009
Writer, attorney, and university professor Chris Banescu discusses the economic, moral and spiritual issues surrounding the “capitalist” economic model and whether it serves the best interests of Christians living the life of the Beatitudes, in this interview with Kevin Allen host of The Illumined [...]

Is Rand Relevant?
Chris Banescu  |  March 13, 2009

The Wall Street Journal | by Yaron Brook | Mar. 14, 2009
Ayn Rand died more than a quarter of a century ago, yet her name appears regularly in discussions of our current economic turmoil. …her magnum opus, “Atlas Shrugged,” is selling at a faster rate today than at any time during its 51-year history.
There’s a [...]

‘Atlas Shrugged’: From Fiction to Fact in 52 Years
Chris Banescu  |  January 25, 2009

The Wall Street Journal | by Stephen Moore| January 9, 2009
Some years ago when I worked at the libertarian Cato Institute, we used to label any new hire who had not yet read “Atlas Shrugged” a “virgin.” Being conversant in Ayn Rand’s classic novel about the economic carnage caused by big government run amok was [...]

A Primer on Capitalism
Chris Banescu  |  January 22, 2009

In today’s turbulent financial times and difficult economic conditions, a lot of unjustified criticism and unwarranted accusations have been laid at the doorstep of capitalism. Many in the mainstream press and academia, a majority of politicians, and a large number of Americans have jumped on the bandwagon and unfairly blame capitalistic principles for the [...]

Something for Nothing – Book Review
Chris Banescu  |  January 18, 2006

The All-Consuming Desire that Turns the American Dream into a Social Nightmare.

Brian Tracy’s book, Something for Nothing, is an honest and critical look at many of the societal and cultural problems our society is facing. Tracy is
most concerned with the natural tendencies and drives of our human nature, how they have been misdirected and abused, [...]