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
An easy win possible on affordability for California regulators
Whether “affordability” is a serious policy prescription or just a campaign buzzword remains to be seen, but California’s Public Utilities Commission has a golden opportunity…
Blog
When solar tax incentives overheated, the residential solar market became scorched
Residential solar has long been sold as a win-win for consumers and the environment. It was marketed as an affordable way for homeowners to reduce…
Blog
Let’s put the next SpaceX in our 401(k)s before its launch onto public markets
As Artemis II achieved liftoff for the first moon voyage in more than 50 years, space news also rocked the investment world with the breaking…
Studies
Giants of the Free Society
Introduction I was invited to deliver remarks to the Philadelphia Society on the subject, “Giants on Whose Shoulders We Stand: What We Owe to Adam…
Zombie Antitrust: Is Robinson-Patman a Dead Law Walking?
Introduction Lawrence O’Brien, well-known confidant and aide to the Kennedys at the height of their 1960s power, entitled his political autobiography No Final Victories. What…
Stop Making Sense: Reviving the Robinson-Patman Act and the Economics of Intermediate Price Discrimination
I. Introduction Early in the 20th century, a new model for retail sales arose: chain stores. One chain, the Great Atlantic & Pacific Tea Company (A&P), became America’s largest retailer during 40…
Blog
Review of Michael Sheridan’s The Red Emperor: Xi Jinping and His New China
In my continuing quest to learn more about the US’s number one strategic rival, I recently finished reading (i.e., listening to it on Audible) the…
The consequences of American socialism: A review of John Kenneth Galbraith’s Economic Development
John Kenneth Galbraith’s 1963 book Economic Development asks the same question Adam Smith asked: where does wealth come from? His answers are very different…
Executive order embraces limited government approach to housing affordability
A March 13 Trump executive order, “Removing Regulatory Barriers to Affordable Home Construction,” offers a number of good ideas for addressing high housing costs.
News
Statement of Support for the Unfunded Mandates Accountability and Transparency Act
The Unfunded Mandates Accountability and Transparency Act (UMATA) represents a timely and necessary modernization of federal oversight. Nearly three decades ago, the original and overwhelmingly…
CEI commends US Senate for confirming nomination of attorney Anna St. John for judicial appointment
The Senate voted today to confirm the nomination of attorney Anna St. John, a former CEI attorney, to be a judge for the Eastern District of Louisiana.
CEI celebrates important free market leaders and anniversaries: Our Words
Today, in celebration of the 250th anniversary of Adam Smith’s The Wealth of Nations and the Competitive Enterprise Institute’s 42nd birthday, CEI is proud to…
Op-Eds
Op-Eds
Sunset for Regulations, Sunrise for Opportunity
Affordability is the big concern in households across the country, yet politicians are overlooking one big solution: regulatory reform. Federal regulations drive up the price of…
Human Progress
Olive Oil Prices Are Falling—So Should Olive Oil Climate Hysteria
Summary: Olive oil prices spiked in 2023 amid heat and drought in Spain, prompting widespread claims that climate change was driving the industry into crisis.
Issues and Insights
Who’s The Biggest Monopolist Of All? (Hint: It’s Not A Corporation)
Policymakers often argue over whether capitalism works and how aggressively it should be restrained. But they rarely ask the more pertinent question: where, exactly, does…
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
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
Ryan Young
Senior Economist and Director of Publications
- Antitrust
- Business and Government
- Regulatory Reform