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OpenMarket: Morality of Capitalism

  • REVIEW: 'Honorable Business' by Prof. James Otteson

    May 20, 2019
    I wrote up some initial impressions about the new book on business ethics, “Honorable Business: A Framework for Business in a Just and Humane Society,” recently, and now that I’ve finished it, I’m able to provide a fuller review.
  • VIDEO: Cheers to Food Truck Freedom

    May 17, 2019
    Congratulations to mobile food vendors Benny Diaz and Brian Peffer—and their attorneys at the Institute for Justice—for scoring a victory for freedom of food commerce in the Sunshine State. Thanks to an IJ legal challenge that began last year, it is now legal to operate a food truck in Fort Pierce, Florida.
  • Trade War State of Play: China, USMCA

    May 14, 2019
    If President Trump’s trade war has a single takeaway, it is this: Raising tariffs is an ineffective bargaining strategy. When the U.S. raises its tariffs, other countries always retaliate, and always become less cooperative.
  • VIDEO: Report Card on Regulatory Reform

    May 10, 2019
    Earlier this week I had the good fortune to spend some time at the historic Mayflower hotel here in Washington, D.C. attending the Federalist Society’s 7th Annual Executive Branch Review conference. Organizers had assembled an impressive array of government officials and legal experts to present on and debate the state of the nation’s Article II governance.
  • Costs of Unequal Treatment of Citizens by Abandoning Negative Rights for a Positive Rights Framework

    May 1, 2019
    To many classical liberals (or libertarians), it is primarily the individual’s right of self-defense that is delegated to a government. We cannot unilaterally commence the exercise force against a peaceful person, and so cannot delegate that non-existent power of forcing other people to do the things we want them to do. This principle prevents citizens from violating one another’s rights and expands human liberty.  
  • How Julian Simon Defeats Thanos

    April 26, 2019
    “The universe is finite, its resources finite. If life is left unchecked, life will cease to exist.” With those simple words, the Marvel supervillain Thanos justifies slaughtering multitudes, supposedly for the greater good of saving whatever life may remain in the universe, in “Avengers: Infinity War.” Thanos returns to movie theaters today, as Captain America, Iron Man, and their fellow superheroes try to thwart his murderous plans.
  • New Civil Liberties Alliance Sounds Alarm on Unconstitutional Government

    April 25, 2019
    The New Civil Liberties Alliance hosted a very interesting event this week, as part of its “Lunch and Law” speaker series, featuring remarks by Hudson Institute Distinguished Fellow Chris DeMuth and American Enterprise Institute Senior Fellow Peter Wallison.
  • Insights from James Otteson's 'Honorable Business'

    April 22, 2019
    I’ve been reading a new book on business ethics, “Honorable Business: A Framework for Business in a Just and Humane Society,” and it has some excellent observations about the practice of buying and selling.
  • VIDEO: Johan Norberg on Resource Scarcity vs. Abundance

    April 19, 2019
    It’s an old argument: as population increases and we use up more of the earth’s natural resources, everything is become more scarce. Soon the pressures of so many billions of human beings on the planet will cause a crisis—maybe even a collapse of civilization. It wasn’t an entirely novel theory even back when Rev. Thomas Malthus made it in 1798, and it didn't get any fresher when Paul Ehrlich made it in 1968, but for some reason it keeps scaring the pants off of many otherwise reasonable people.
  • New Study: The Case against Antitrust Law

    April 17, 2019
    Antitrust regulation is a complex, multifaceted issue. It brings together insights from law, economics, political science, history, philosophy, and other disciplines. Right now both political parties are ramping up their antitrust rhetoric, and it will likely be a live issue throughout the 2020 election cycle. A working understanding of how antitrust regulation works is important for understanding why it works so poorly, and should ultimately be abolished.

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