Capitalism is the economic system in which a market economy is combined with legal protections for each individual’s rights, including the right to own and dispose of one’s own property as one sees fit. Leaving people free to work, save, and invest, with as little government interference as possible, creates an environment in which wealth grows and society advances.
Defending that system is one of the Competitive Enterprise Institute’s primary goals. Regardless of which industry, product, or business model we consider, the same expectations and legal guarantees apply. The role of government officials—whether at the local, state, or federal level—is to create a system of law and policy that allows voluntary contracts to proceed and the gains from them to be enjoyed by their participants.
To the extent that current government policy violates those expectations, it should be reformed or abolished. CEI’s defense of capitalism as an economic and legal system applies to sector-specific law and regulation as well as to economy-wide rules. Our advocacy for regulatory reform of telecommunications, energy, finance, or any other part of the economy rests on the fundamental right of individuals to create, innovate, and build whatever voluntary arrangements they can imagine.
Capitalism Issue Areas
Featured Posts
Forbes
Next SEC Must Restore Capital Formation Mission
The Securities and Exchange Commission (SEC) has rightly garnered criticism from both political parties over the last few years for its…
Washington Examiner
Biden’s best efforts could not keep unions from declining or defecting to GOP
Washington Examiner cited CEI’s expert on Biden’s efforts on unionization Sean Higgins, a labor researcher at the libertarian Competitive Enterprise Institute, attributed the…
Blog
Free the Economy podcast: Understanding the national debt with Thomas Savidge
In this week’s episode we cover whether Americans feel better off than they were four years ago, why we have more billion-dollar…
Studies
Permanently in Recovery
Washington state has made some significant strides in reforming its environmental permitting processes through its Permit Timelinesss initiative. The Governor’s Office for Regulatory Innovation and…
Climate Disclosure Spam
Introduction “Despite cost-saving changes from the proposed rule, the final rule will prove expensive for public companies and their shareholders who will be paying for…
Adam Smith’s guide to life, loveliness, and the modern economy
Introduction: Going strong at 300 Ryan Young This essay collection celebrates Adam Smith’s 300th birthday. He is best known for being the first modern economist,…
Blog
Free the Economy podcast: Freedom to farm with Bill Wirtz
In this week’s episode we cover a new ranking of state governors, reforms to emergency powers, new research on working from…
AJR’s economics Nobel is a partial victory for institutions
This year’s economics Nobel Prize winners are Daron Acemoglu, Simon Johnson, and James Robinson. They are frequent collaborators, often collectively called AJR. Much of their…
Searching for a remedy that makes sense
The Department of Justice recently sent its proposed remedies to the federal judge who found Google guilty of illegally monopolizing web search. Specifically,…
News
October adds 12,000 jobs to economy, far fewer than usual: CEI analysis
According to the latest Bureau of Labor Statistics report, only 12,000 jobs were added to the economy in October, largely due to job losses…
Union Members Right to Know Act would protect union-worker rights and promote transparency
Three and a half decades after the Supreme Court’s ruling in Communications Workers of America v. Beck, the rights afforded by that decision are understood…
Biden DOJ’s antitrust lawsuit against Visa unfounded
The Biden Justice Department today announced an antitrust lawsuit against Visa, alleging the company illegally monopolized the debit card market by enticing merchants away from…
Op-Eds
City Journal
Thumb on the Scale
Americans’ trust in the scientific establishment took another hit last week with the revelation that a prominent advocate of adolescent transgender treatments had …
Forbes
Darklore Depository 2024: A Halloween Inventory Of Federal Agency Guidance Documents
The U.S. Code archives federal laws. The 186,000-page Code of Federal Regulations is where rules from the daily Federal Register are embalmed. As spirits would have it,…
Forbes
Exposing Loopholes: How Federal Regulatory Oversight Laws Are Being Ignored
Passing new laws to reform and streamline the administrative state is important, and reformers consistently call for such oversight. But just as critical is ensuring that…
Staff & Scholars
Clyde Wayne Crews
Fred L. Smith Fellow in Regulatory Studies
- Business and Government
- Consumer Freedom
- Deregulation
Sam Kazman
Counsel Emeritus
- Antitrust
- Automobiles and Roads
- Banking and Finance
Paige Lambermont
Research Fellow
- Capitalism and Free Enterprise
- Energy
- Energy and Environment
Kent Lassman
President and CEO
- Capitalism
- Deregulation
- Innovation
Jeremy Lott
Managing Editor
- Capitalism
- Deregulation
Jessica Melugin
Director of the Center for Technology & Innovation
- Antitrust
- Innovation
- Media, Speech and Internet Freedoms
Richard Morrison
Senior Fellow
- Antitrust
- Business and Government
- Capitalism and Free Enterprise
Alex Reinauer
Research Fellow
- Antitrust
- Innovation
- Tech and Telecom
Fred L. Smith, Jr.
Founder; Chairman Emeritus
- Automobiles and Roads
- Aviation
- Business and Government
Stone Washington
Research Fellow
- Capitalism
- Capitalism and Free Enterprise
Ryan Young
Senior Economist
- Antitrust
- Business and Government
- Regulatory Reform