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News From London, Ontario, And Beyond

Capitalism, properly understood

Why the Brightest Future Depends on Market Chaos

February 28, 2020 by Lee Friday

February 28, 2020 – Maciek Chwalowski …… Let the market chaos reign to make us and future generations richer and better off beyond our dreams.

Categories Capitalism, properly understood, Freedom Leave a comment

Why Democracy Doesn’t Give Us What We Want

February 7, 2020 by Lee Friday

February 7, 2020 – Gary M. Galles …… Uncritically holding democracy out as an ideal overlooks the question of whether market democracy or political democracy better serves citizens.

Categories Capitalism, properly understood, Democracy, Elections, A Closer Look, Philosophy Leave a comment

Pope Francis Owes It to the Poor to Be More Informed about Markets

January 28, 2020 by Lee Friday

January 28, 2020 – Antony Davies, James R. Harrigan …… For the sake of the poor, it’s time for Pope Francis to get a better understanding of basic economics.

Categories Capitalism, properly understood, Common Sense Economics, Poverty, Welfare Leave a comment

What the Survival of the Fittest Tropes Get Wrong — and Right

January 26, 2020 by Lee Friday

January 26, 2020 – Gary M. Galles …… The Darwinian imagery of the survival of the fittest people was emphasized not by capitalism’s proponents, who recognized its dramatically un-Darwinian results, but by capitalism’s opponents.

Categories Capitalism, properly understood, Common Sense Economics Leave a comment

State Capitalism? No, The Private Sector Remains the Driver of China’s Economic Growth

December 31, 2019 by Lee Friday

December 31, 2019 – Dr. Rainer Zitelmann …… In truth, China is a mixed system that combines capitalism and socialism — just like every other country in the world.

Categories Capitalism, properly understood, Socialism, Fascism, Communism Leave a comment

The Myth That People Work Harder Under Capitalism

December 29, 2019 by Lee Friday

December 29, 2019 – Barry Brownstein …… Capitalism has been the great engine of unimagined prosperity and unimagined improvements in worker conditions.

Categories Capitalism, properly understood, Poverty, Welfare Leave a comment

The Driving Force of Free Markets Is Empathy, Not Greed

December 4, 2019 by Lee Friday

December 4, 2019 – Dr. Rainer Zitelmann …… Only the entrepreneur who prioritizes other people’s needs can be successful.

Categories Capitalism, properly understood, Common Sense Economics Leave a comment

Free Markets Promote Those Who Peacefully Improve Others’ Lives

December 1, 2019 by Lee Friday

December 1, 2019 – Gary M. Galles …… By enriching most those who are most productive, capitalism makes those they deal with more fit for survival, as well.

Categories Capitalism, properly understood Leave a comment

When Billionaires Want to Get Rid of Capitalism

November 10, 2019 by Lee Friday

November 10, 2019 – Jean Vilbert …… When asked why they do not just give their money away voluntarily, some billionaires suddenly decide cooperation isn’t all that great after all.

Categories Capitalism, properly understood Leave a comment

Why “Worker Exploitation” Is a Myth

October 17, 2019 by Lee Friday

October 17, 2019 – Antony Sammeroff …… Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren’t paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

Categories Capitalism, properly understood Leave a comment
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