Commentary: Dismantling America Without a Replacement

Calls to dismantle this group or that institution have become the topic du jour in American politics. It started with police departments and the criminal justice system, then it spread to museums, and now one Democratic congresswoman is raising the bar on a logarithmic scale.

In a Tuesday press conference devoted to discussing America’s alleged systemic racism, Congresswoman Ilhan Omar, D-MN, called for dismantling “the whole system of oppression wherever we find it.”

Read More

Commentary: Education Entrepreneurs Are the Only Ones Who Can Disrupt the Status Quo

Transforming entrenched systems and industries comes through disruptive innovation and entrepreneurship. Coined by Harvard Business School professor Clayton Christensen, disruptive innovation is the process by which new ideas and inventions create value and ultimately topple existing competitors. A visionary individual or group spots opportunity and develops new solutions that meet consumer demand faster, better, and more cheaply. This innovation improves our lives through efficiency and cost-effectiveness, allowing us to keep more of our hard-earned money with better service and satisfaction.

Read More

Commentary: An Unexpected Climate Hero is Equity Markets

Joesph Stalin allegedly said that the “death of one person is a tragedy; the death of one million is a statistic.” Fitting neatly with his horrendous ideology, our brains are simply not equipped to understand suffering of astonishing proportions – for a single person suffering we feel empathy; with millions we blink cluelessly before looking away, dumbfounded.

Read More

Commentary: Black Friday Is Capitalism at Its Most Beautiful

I went to a Daily Mass on Black Friday last year. The priest didn’t waste too much time with the homily, but he made a few comments about Thanksgiving and a statement about Black Friday which I found hopefully refreshing. He said, “This is a day for the poor.” Of course, he’s right, but how often do we think of Black Friday in those terms? As Thanksgiving and Black Friday approach once again, let us reflect on this concise but incredibly profound statement.

Read More

Commentary: Why the Pilgrims Abandoned Common Ownership for Private Property

Next year at this time, Americans will mark the 400th anniversary of the landing of the Mayflower in 1620 and the subsequent founding of the Plymouth colony by English Separatists we know as the Pilgrims. They, of course, became the mothers and fathers of the first Thanksgiving.

Read More

Commentary: Slavery Did Not Make America Richer

In the past few decades, a new subfield of history has emerged: the history of capitalism. The subfield is widely popular in the media as a result of hugely influential books such as those of Sven Beckert and Edward Baptist. These two particular authors tie the “peculiar institution” of slavery in American history to capitalism. Many media pundits, as witnessed by recent articles in the New York Times and Vox, jumped on the works of these authors to claim that slavery was “the building block of the American economy” and it made America richer.

Read More

‘Free Market Warrior’ Spivak Warns Westerville Tea Party: We Are Losing Free Speech and More

  WESTERVILLE, Ohio — “Free Market Warrior” Loren Spivak visited Westerville on Tuesday at the invitation of the Westerville Tea Party. Activists in the room settled in to hear Spivak’s talk about “What is ‘The Left,’ and What are They About, Really?” Spivak began by asking the audience, “What are the…

Read More

Ohio’s Tim Ryan Says He’s ‘Concerned’ With Rise of Socialism in His Party, But Calls Health Care a ‘Human Right’

Rep. Tim Ryan (D-OH-13), a 2020 presidential hopeful, said on CNN Wednesday that he’s “concerned” about the rise of socialism within the Democratic Party. “I’m concerned about it because if we are going to de-carbonize the American economy it’s not going to be some centralized bureaucracy in Washington, D.C. that’s…

Read More

Commentary: Game of Thrones Might Be the Greatest Advertisement for Capitalism Ever Written

by Barry Brownstein   Consider these numbers. The final season of Game of Thrones cost about $100 million to film. In 1300, the entire medieval English real GDP was only 40 million English pounds. Game of Thrones doesn’t hide the desperate poverty of common people living in a fantasy version…

Read More

Commentary: Right-Wing Intellectuals Hate Trump for Smashing Their Pretensions

Max Boot

by Deion Kathawa   More than two years into President Trump’s historic presidency, it behooves us to think more deeply about a persistent sticking point in the political life of the nation: Why do (most) right-wing intellectuals loathe him? This kind of nearly unified opposition cries out for explanation. After…

Read More

Commentary: Empathy is at the Core of Capitalism

by Barry Brownstein   You don’t have to search far to read claims that capitalism is centered on greed and selfishness. For some, the assertion seems self-evident as they read, for example, stories of pharmaceutical companies dramatically increasing the price of important drugs. Those who hold a “capitalists are greedy” belief fail to…

Read More

Commentary: Our Ignorance Of Socialism is Dangerous

by Walter E. Williams   A recent Victims of Communism Memorial Foundation survey found that 51 percent of American millennials would rather live in a socialist or communist country than in a capitalist country. Only 42 percent prefer the latter. Twenty-five percent of millennials who know who Vladimir Lenin was…

Read More

Amazon: The World’s Most Dangerous Crony Capitalist

Amazon

by Rick Manning   The bedrock of American commerce – and of the broader capitalist experiment – has always been competition.  If you can build a better mousetrap, invent a longer-lasting light bulb or more efficiently churn out widgets (or in this case, clichés), odds are your endeavor will encounter success. It doesn’t…

Read More

Three Ways Milton Friedman Improved the Field of Economics

Milton Friedman

by Luis Pablo De La Horra   Milton Friedman is probably the most important free-market thinker of the twentieth century. His ideas in defense of capitalism and economic freedom had an enormous influence on the shift towards free-market policies that took place from the 1970s onwards. Countries like the UK, China,…

Read More