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
Not Always an Antitrust Issue: Airline Edition
The Justice Department is gearing up to file an antitrust case against JetBlue and American Airlines over an alliance they recently formed. The Wall…
News Release
Senate Judiciary Antitrust Hearing on Big Data Based on Flawed Premises
WASHINGTON – The Senate Judiciary Committee’s Subcommittee on Antitrust will hold a hearing today on the implications of data on competition. Subcommittee Chair Senator Amy…
Blog
Happy Constitution Day!
When I was a civil servant in the United Kingdom, I had a friend who worked at the Ministry of Defence. Part of his duties…
Studies
Screening Out Innovation
Executive Summary This report addresses the appropriate antitrust standards for vertical mergers. It first provides an overview, and then analyzes a specific application to the Federal Trade Commission’s…
Preserving Section 230 Is Key to Maintaining the Free and Open Internet
Passed as part of the Telecommunications Decency Act of 1996, Section 230 was intended to clarify liability rules online and to encourage sites to create…
Frequently Asked Questions on ESG Theory
View Full Document as PDF Q: What does “ESG” stand for? A: ESG is short for “environmental, social, and governance.” It is a…
Blog
Fighting Bias and Misinformation, from Pierre Bayle’s 17th Century to the Social Media Age
Many people insist that media bias and misinformation are getting worse in the social media age, and we need to do something about it. Depending…
UK’s Attempt to Block a Merger Between American Firms Could Cripple Innovation
As I explain in both an op-ed and regulatory comments submitted yesterday, the United Kingdom’s Competition and Markets Authority (CMA), the UK’s version…
Capitalism and Corporations: Respect Stakeholders, But Follow the Law
Last week the Law & Economics Center at George Mason University hosted a fascinating event here in Washington, D.C. on the debate over shareholder…
News
Court Rules Apple App Store Rules Do Not Violate Antitrust Laws
A federal district court today ruled that Apple’s rules regarding payments on its App Store do not violate antitrust laws. The case, brought by video…
Latest Producer Price Index Indicates Inflation Too High
The government’s latest numbers on average changes in prices, as measured by the Producer Price Index (PPI), are up at an annualized rate of 8.3…
Consumer Spending, Personal Income Growth Hinge on Combating Covid Delta Variant
The federal government today released July data on consumer spending (slower growth compared to June) and personal income growth (higher than expected). CEI Senior…
Op-Eds
National Review
Conservatives Waking Up: ‘Responsible Investing’ Could Mean Left-Wing Control
We may finally be seeing a turning point in the world of “sustainable” and “responsible” investing. For the past two decades, those labels have been informed…
Real Clear Policy
UK Antitrust Bureaucrats Could Kill American Startups
In case you thought the “techlash” threatening Big Tech companies with greater regulation was largely driven by former President Trump’s bluster, think again. An antitrust…
Real Clear Policy
Don’t Force a One-size-fits-all Framework On Social Investors
Interest in environmental, social, and governance-themed, or ESG, investing has seen significant growth in recent years, but it has been matched by persistent complaints from…
Staff & Scholars
Clyde Wayne Crews
Vice President for Policy and Senior Fellow
- Business and Government
- Consumer Freedom
- Deregulation
Sam Kazman
General Counsel
- Antitrust
- Automobiles and Roads
- Banking and Finance
Kent Lassman
President and CEO
- Capitalism
- Deregulation
- Innovation
Jessica Melugin
Director, Center for Technology and Innovation
- Antitrust
- Innovation
- Media, Speech and Internet Freedoms
Richard Morrison
Research Fellow
- Antitrust
- Business and Government
- Capitalism and Free Enterprise
Fred L. Smith, Jr.
Founder; Chairman Emeritus
- Automobiles and Roads
- Aviation
- Business and Government
Ryan Young
Senior Fellow
- Antitrust
- Business and Government
- Regulatory Reform