Capitalism is an inherently moral system of political economy, based on its voluntary nature and its reliance on virtuous human traits. The entity that embodies capitalism in the market – the firm or corporation – hones and enhances these virtues through a vast array of mutually beneficial exchanges, which
in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.

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National Review

Socialists on the March

Last week, several self-proclaimed Democratic Socialists defeated long-serving Democratic incumbents in New York State primaries. One of the insurgents, Zohran Mamdani, tweeted out the words, “Socialism won.” His pinned tweet on…

Business and Government

Richard Morrison

Research Fellow

  • Antitrust
  • Business and Government
  • Capitalism and Free Enterprise