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News From London, Ontario, And Beyond

Capitalism, properly understood

This Single Mom Was Told to Raise $10k for a Heart Transplant and People Are Outraged. They Shouldn’t Be.

December 12, 2018 by Lee Friday

December 12, 2018 – Jon Miltimore …… Using the market to fund your operation is not a failure of capitalism, but an example of its success.

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

Henry Hazlitt on Liberty: 21 Choice Quotes

December 9, 2018 by Lee Friday

December 9, 2018 – Gary Galles …… At a time when real commitment to liberty is scarce, we need to remember his wisdom.

Categories Capitalism, properly understood, Freedom, Philosophy Leave a comment

Workers and Capitalists Are Not Enemies, and Venezuela’s Tragedy Proves It

November 21, 2018 by Lee Friday

November 21, 2018 – Dan Mitchell …… The economic pie grows when markets are allowed to function.

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

Capitalism: Understanding Its Secret

November 14, 2018 by Lee Friday

November 14, 2018 – John Waterman …… The socialists of today, who would have you believe that competition under capitalism is merely another exploitative form of anarchy, do not appreciate the actual situation.

Categories Capitalism, properly understood Leave a comment

Extreme Poverty Rates Plummet Under Capitalism

August 9, 2018 by Lee Friday

August 9, 2018 – Robert Murphy …… Do you think extreme poverty rates rise under capitalism? Think again — the truth might surprise you.

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

Political Capitalism

August 4, 2018 by Lee Friday

August 4, 2018 – Randall Holcombe …… Capitalism is good. Political capitalism is bad. Political capitalism = The regulatory state. The regulatory state benefits the 1% at the expense of the 99%.

Categories Capitalism, properly understood Leave a comment

People Are Less Selfish Under Capitalism

July 12, 2018 by Lee Friday

July 12, 2018 – Barry Brownstein …… Why individualism and free exchange make people more altruistic and trustworthy.

Categories Capitalism, properly understood Leave a comment

“Real Socialism” Has Indeed Been Tried — And It’s Been a Disaster

May 23, 2018 by Lee Friday

May 23, 2018 – Ryan McMaken …… Capitalism doesn’t have to be implemented in a “pure” form for its benefits to be realized. Meanwhile, socialists must make excuses for repeated failures.

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

Creativity and Competition Are the Heart of Capitalism

March 29, 2018 by Lee Friday

March 29, 2018 – Richard Ebeling …… Competition is useful and, indeed, essential to the creative processes of the market.

Categories Capitalism, properly understood Leave a comment

Stephen Hawking’s Final Warning: Why His Worries Were Unwarranted

March 23, 2018 by Lee Friday

March 23, 2018 – Barry Brownstein …… The creative destruction of technological innovation improves everyone’s lives.

Categories Capitalism, properly understood Leave a comment
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