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.
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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Free the Economy Episode 12: Consumer Welfare and Big Government with Patrick Hedger
This week we talk about the drama with Silicon Valley Bank and the proposal from Wayne Crews for an Abuse-of-Crisis Prevention Act, how…
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Why Congress Must Think Twice About Adopting Biden’s Brazen Budget Proposal
Last Thursday, President Joe Biden finally unveiled his budget proposal for the upcoming fiscal year 2024. This marks the third straight year that Biden…
City Journal
“E” Doesn’t Stand for Environment
The Securities and Exchange Commission is nearing a decision on a proposed rule that would require publicly traded companies to indicate how their investments affect…
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Op-Eds
The Suicidal Corporation: Two Cheers!
Smith book review for The World and I…
Op-Eds
What’s Wrong With Business Lobbyists
Fred Smith Op-Ed in the Wall Street Journal, January 16, 1986…
