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OpenMarket: Morality of Capitalism

  • Retro Reviews: Azar Gat with Alexander Yakobson - Nations: The Long History and Deep Roots of Political Ethnicity and Nationalism (2013)

    September 1, 2020
    Nations: The Long History and Deep Roots of Political Ethnicity and Nationalism is the rare book that makes the reader see the world differently, permanently. It provides a magnifying lens that, when properly held, can bring into focus important details on world history; modern history; why countries exist in the first place; and on today’s in-progress political realignment.
  • Are Scandinavian Countries Socialist?

    August 25, 2020
    Are modern Scandinavian countries actually socialist? This question must be asked because it is a common rhetorical device of “democratic socialist” politicians to wave away objections about the horrors of past socialist regimes by saying that all they want is to be like Scandinavia.
  • Demise of ESG Investing Overstated

    August 24, 2020
    The Department of Labor’s recent notice of proposed rulemaking on environmental, social, and governance (ESG) factors in pension fund investments has received a lot of responses. One that seems to be common is that the department’s rule would represent some kind of major attack on—or even “death knell” for—ESG investing itself. Those criticisms are overstated.
  • The Socialist Temptation: Why Don’t People Remember the Horrors of Socialism?

    August 14, 2020
    Why are people still attracted to socialism when its history is plain for all to see? One reason is that those who proclaimed the dawn of real socialism will say that the state failed because it was never real socialism in the first place.
  • The Socialist Temptation: Socialism and American Values

    July 28, 2020
    The way to reach people is by making sure a policy accorded with their values. In his new book, The Socialist Temptation, Iain Murray argues that the recent rise in popularity of socialism has occurred because socialism talks a very good game when it comes to values. The trouble is that it actually undermines those values.
  • Wealthy Millennials Not So Concerned with "Socially Responsible" Investing

    July 17, 2020
    In the last few years advocates of corporate social responsibility theory have been assuring everyone who would listen that a new day is dawning for financial management, and that younger investors would be increasingly demanding that public companies and investment management firms conduct business consistent with environmental, social, and governance (ESG) goals. A new industry study, however, may be interrupting that narrative.
  • America’s Cultural Revolution

    July 17, 2020
    In his forthcoming book, The Socialist Temptation, Iain Murray talks about how socialism in China produced the Cultural Revolution. The text of the book was finalized before our current moment, so he was unable to draw parallels between what happened then and what appears to be happening now, but he thinks we should worry.
  • George Washington’s Fight (and Ours) against Regulation without Representation

    June 29, 2020
    Those who have followed CEI over the years know that one of our main grievances is “Regulation Without Representation.” The phrase—an apt description of laws effectively made by unelected regulatory agencies instead of the people’s representatives in Congress—also connotes the battle that George Washington and other American patriots fought against taxation without representation.
  • Why George Washington Shouldn’t Be Canceled

    June 26, 2020
    The father of our country is making news, but for disappointing reasons. Washington was trending on Twitter after his statue was toppled in Portland. A private school in Nashville dropped its annual celebration of Washington's birthday, saying it was “not consistent with or relevant to the way that we teach history today.” If anything, current events only serve to make him more relevant than ever.
  • Secretary Scalia to Pension Funds: Manage for Returns, Not Virtue Signaling

    June 24, 2020
    In a Wall Street Journal op-ed, Labor Secretary Scalia explains the reasoning behind a proposed rule reaffirming that pension funds should focus on providing benefits to retirees. The current vogue for investments guided by environmental, social, and corporate governance goals has raised concerns that fund managers have been playing politics with the retirement nest eggs of American workers.

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