mainstream print and electronic media regularly use “capitalism” to refer to “the economic system we have now.” And it’s relatively common to hear “capitalism” employed as a synonym for “dominance of workplaces and society by capitalists—by the owners of substantial capital assets.” Libertarian principles as I understand them entail support for capitalism in neither of these senses.Read more »
When the pilgrims first came to America they almost all starved to death because they adopted communal agriculture. How the pilgrims saved themselves was to adopt the primary prerequisite for a capitalism economy, private property. Mayflower pilgrims had a system in which all goods were owned by the community. All produce was in a common store, from which each individual would receive equal ration regardless of how much he had contributed. The colony was unable to produce enough food until individuals traded with Indians and fellow Pilgrims.Read more »
In a boost to animal welfare activists looking to get livestock out of cramped cages, Burger King will be the first major U.S. fast-food chain to give all of its chickens and pigs some room to roam.
On Wednesday, the world's second-biggest burger chain pledged that all of its eggs and pork will come from cage-free chickens and pigs by 2017, hoping to satisfy rising consumer demand for humanely produced fare and increase its sales in the process.
It is ironic that Occupy Wall Street is reportedly very low on cash. This is something that Wall Street itself never has to worry about. They have ready access at all times to as much cash as they need. The Occupiers mistakenly blame capitalism, but it is not capitalism that is behind this inequity. It is the completely anti-capitalist Federal Reserve System.Read more »
Ryan McMaken of the Mises Institute superbly exposes the US Chamber of Commerce for their crony capitalism, explains how Ron Paul is the true defender of free enterprise and refers to Bastiat's great exposé on the Seen and the Unseen.Read more »
In "Why America Failed", left-wing historian and cultural critic Morris Berman’s postmortem of America, the author concludes that our inevitable end was literally woven into the American DNA, dooming the country from the start. It isn't just the American Dream that has failed claims Berman, but America itself, because the dream -- the individual accumulation of wealth -- was a mistake in the first place.Read more »
People always seem to say that Capitalists are greedy. This tale proves the exact opposite to me! That Capitalism, in it's truest form, allows people to compete so they can engage in charitable acts in the future. How many people would be able to donate to charities if there were no Capitalism?Read more »
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Do you really need a 4.0 GPA? Isn’t that GPA kind of—I don’t know—excessive? Wouldn’t life at your college be fairer and more just if you gave some of your unneeded grade points to another student—a less privileged student—who’s flunking Intro to Psych?Read more »
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