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
Blog
Free the Economy podcast: Frontier economics with Kendall Cotton
In this week’s episode we cover the diamond jubilee of the Philadelphia Society, the cost of government regulation in the UK, the…
The Wall Street Journal
‘Net Neutrality’ Faces a Stiff Judicial Test
The Federal Communications Commission voted Thursday along partisan lines to reclassify broadband internet access service as a common carrier telecommunications service under Title II of…
Blog
Small banks targeted as FDIC cracks down on technology partnerships
Earlier this week, Politico’s “Morning Money” column reported an astonishing finding that almost certainly points to politicization in enforcement by federal bank regulators. The…
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
US move to ban TikTok a troubling signal for our great experiment in self-determination
As a part of a foreign aid funding package, the Senate passed a bill mandating TikTok’s divestiture from Chinese-based parent company, ByteDance. Biden…
FTC approves ban on noncompete agreements, sets up potential court battle
The Federal Trade Commission (FTC) voted to ban the vast majority of noncompete agreements in employment contracts during a special open commission meeting this…
New UK report recommends ‘rules about rules’ for regulation
In a new report, the Center for Policy Studies in the UK surveys that nation’s regulatory landscape – and doesn’t like what it sees.
News
Spirit Announces Furloughs after Biden, Court Scuttle Merger with JetBlue
In the wake of an adverse court ruling and a Biden administration threat to stop a merger between budget airlines Spirit Airlines and JetBlue, the…
Florida social media law puts all users’ privacy at risk: CEI analysis
A new social media bill signed into law by Florida Gov. Ron DeSantis will ban people younger than 14 years old from using social…
Government Antitrust Lawsuit Against Apple Undermines Consumer Choices
The U.S. Justice Department along with 16 states and the District of Columbia, filed an antitrust lawsuit against Apple on March 21, arguing the company…
Op-Eds
Forbes
Libertarian Victory: You Mean We Can Shut Down Government Without Even Passing A Law?
It is happening again. Congress will enact another bloated, pork-laden and largely unread omnibus spending bill to complete formal appropriations for the 2024 fiscal year…
Forbes
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…
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