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
News Release
Fifth Circuit hits pause on the SEC climate disclosure rule: CEI analysis
A controversial climate disclosure rule put forward by the Securities and Exchange Commission has been stopped by a federal appeals court. On Friday, March 15,…
Blog
Right to repair will not save households over $300 a year
You may have heard that so-called “right to repair” laws will provide big savings to consumers. Last week, Forbes published an article claiming that…
Blog
Biden’s budget: A continued attack on reliable energy and freedom
President Joe Biden’s FY 2025 budget request of $7.3 trillion is exactly what Americans should have expected: increased spending and taxes. A budget…
Studies
Big Problems with SEC Climate Disclosure Mandate
The US Securities and Exchange Commission (SEC) is finalizing its mandatory climate disclosure rule[1] that will require publicly traded companies to provide the…
A Global Antitrust Paradox?
Executive summary In today’s Washington, bipartisan consensus is rare. But at least two points of consensus remain. The first is that America’s defining geopolitical challenge…
Rules for Robots – A framework for governance of AI
Introduction With the rise of artificial intelligence (AI) and machine learning technologies in recent years, we have seen increasing calls for regulation to mitigate the…
Blog
Free the Economy podcast: Defending election integrity with Walter Olson
In this week’s episode we cover the Securities and Exchange Commission’s controversial new rule on climate change, federal science policy and indigenous…
The FTC, the Kroger-Albertsons merger, and the relevant market fallacy
Over at National Review’s Capital Matters site, Alex Reinauer and I look at the FTC’s word games in its case against the proposed Kroger-Albertsons…
One great moment in the budget battles: GOP’s ‘Policy Statement on Deregulation’
Today marks the release of the White House’s $7.3 trillion budget proposal for fiscal year 2025, even as policymakers continue their wrangling over the…
News
Vague concerns about TikTok insufficient to justify divestiture or ban
The House of Representatives is scheduled to vote on legislation that would force ByteDance, the China-based parent company of TikTok, to sell the popular app…
SEC’s climate disclosure rule is redundant and vulnerable to legal challenge
The Securities and Exchange Commission (SEC) released its final climate disclosure rule today, mandating public companies disclose information related to greenhouse gas emissions. The…
FTC suit to stop Krogers-Albertsons Merger would harm consumers
The Federal Trade Commission (FTC) today sued to stop the proposed merger between grocers Kroger and Albertsons. The FTC claims the merger would lead…
Op-Eds
James Broughel
How The Biden Administration’s ‘Junk Fee’ Policies Will Hurt Consumers
In his State of the Union address last week, President Joe Biden touted his policies against “junk fees,” vowing to save Americans billions…
Forbes
Reimagining Antitrust In A Post-Consumer Welfare Standard World
The consumer welfare standard that has guided antitrust enforcement for four decades is under attack. That standard, often associated with the ideas of legal scholar and failed…
National Review
Biden Order on Artificial Intelligence Puts Too Much Faith in Regulators
President Biden’s executive order (EO) on artificial intelligence (AI) directs more than a dozen federal agencies to, among other things, “establish guidelines…
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