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OpenMarket: Morality of Capitalism

  • When Did Conservatives Stop Loving a Free Economy?

    August 22, 2019
    National Review contributor and rage-inducing controversialist Kevin Williamson has a new book out, “The Smallest Minority: Independent Thinking in the Age of Mob Politics,” which covers a lot of big-picture theory on democracy, social psychology, and even theology. For the moment, I’m most interested in what he says about capitalism’s history and its recent evolution (if I may use that biological term).
  • Sealand, from Pirate Radio to Seasteading

    August 21, 2019
    Setting up a sovereign free territory has long been a dream of libertarian mavericks, from the ill-fated Republic of Minerva to the nascent Free Republic of Liberland. Yet arguably none has achieved the longevity of the Principality of Sealand. A major reason for that longevity—and accompanying notoriety—is the fact that Sealand, while perhaps whimsical in its origin, wasn’t merely a utopian experiment.
  • Business Roundtable Restates Obvious: Stakeholders Matter (and Always Have)

    August 19, 2019
    There’s a flurry of news coverage this morning about the Business Roundtable releasing a new public statement on “the purpose of a corporation.” Whereas previous versions stated that “corporations exist principally to serve their shareholders,” the new statement emphasizes the way in which the signatory CEOs “create value for all our stakeholders, whose long-term interests are inseparable.” Opinion writers like the Washington Post’s Steven Pearlstein consider this shift in language “significant,” but it seems more a clarification of what has always been true for American businesses than any real change in direction.
  • VIDEO: Why Beer Sucks in Socialist Countries

    August 16, 2019
    The trend of younger voters allegedly becoming more favorable to socialism has alarmed and chagrined many observers recently, from members of the New York Post editorial board (“Socialism’s millennial fans don’t even know what it is”) to an Arizona Republic columnist writing in USA Today (“If millennials choose socialism, fine. Just don't make this mistake”).
  • VIDEO: Where the Regulatory State Came From

    August 9, 2019
    Our friends at the Pacific Legal Foundation have a funny and insightful explainer video on the historical development of the regulatory state (also known as the “administrative state”), and how the power of administrative agencies threaten our constitutional rights.
  • Limits of 'Soft Law' Approach to Tech Regulation

    August 9, 2019
    Can the regulation of new technology be voluntary and non-coercive? In a recent op-ed for The Hill, Mercatus Center law and technology analyst Jennifer Huddleston argues that manifestations of “soft law” can be superior to the hard requirements of statutes and binding federal regulations.
  • VIDEO: Green New Deal’s Bad Science

    August 2, 2019
    This week the Competitive Enterprise Institute released a new study by CEI President Kent Lassman and Power the Future Executive Director Daniel Turner on the costs of the Green New Deal (GND), a congressional resolution introduced by Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA). The co-authors find that implementing the GND provisions, including a rapid de-carbonization of the U.S. economy, would prove dizzingly expensive.
  • The Middle Class Crisis That Wasn't

    July 15, 2019
    Recently billionaire philanthropist Eli Broad calls for a wealth tax in The New York Times and fellow billionaire Ken Fisher responded in USA Today with a challenge that wealthy Americans (and the rest of the country) would be better off investing their money in further for-profit enterprises. That’s a pretty stark contrast, and one that shows off two very different attitudes toward wealth and prosperity in America.
  • Who Does More Damage to a Free Economy: Socialists or Cronyists?

    July 11, 2019
    Our friend Matt Mitchell of the Mercatus Center has a fascinating new article at Reason on how businesspeople feel about government favors and privileges. It seems that a poll conducted by Matt and his colleagues finds that corporate managers and executives who work at companies that benefit from cronyism express a noticeably more favorable view of cronyism.
  • CEI Annual Dinner 2019: Rebecca Dunn

    July 11, 2019
    The videos and transcripts are in from the the Competitive Enterprise Institute’s 35th Anniversary Dinner and Reception. One of the most moving moments of the evening was when longtime friend and supporter of CEI Rebecca Dunn took the stage to deliver a toast to our 35 years of research and advocacy.

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