Capitalism Destroys Poverty; It Is Righteous, not Sinful

Capitalism destroys poverty but people who fight against capitalism destroy the poor. Pope Francis has made it clear that he will use his office to promote Leftist weather scams and prefers input from pagan pantheists to skeptical climate scientists. It is quite obvious this Christian leader hates cultures of freedom, trade, entrepreneurship, and private charity. He prefers societies dominated by corrupt and totalitarian governments. He is an ambassador for turning the few islands of prosperity Read more […]

Teachable Moment: Whole Foods Wants to Sell to Poor People

The fact that Whole Foods wants to expand their market into poorer neighborhoods like Englewood in Chicago should tell you something about how businesses work. There are statements made in this marvelous story in the Washington Post’s Wonkblog that make me uneasy. The shameful presence of food stamps is one thing. I also don’t like the fact that an area with an Aldi in it got labeled a “food desert.” That seems like a snobbish designation more than an identification of a real problem. Read more […]

Britain’s Most Famous Welfare Parasite Criticizes Capitalism: Prince Charles’ PR for Global Warming

It is pretty amazing when you think about it. Even Britney Spears or Katy Perry has done more to earn her celebrity status than Prince Charles has ever done to get his. Yet, while he shows in his personal life how living off government welfare corrupts moral character, he gets to preach against all the people who have made life on this planet at its present level of prosperity possible. And his words, backed by zero real experience, are treated with reverence and awe. Before I point out the error Read more […]

Pope Francis Should Show Some Humility Before Capitalism

The Roman Catholic Church has done amazing good in the world. One thing I would credit the institution for is teaching the Ten Commandments in Western Europe effectively enough to plant the seed of the rule of law and private property so that capitalism could bring prosperity to the world at a level never witnessed before in human history. I guess the Pope is not interested in taking credit on behalf of his denomination. Pope Francis is a published author of a major work for the first time under Read more […]

Osama Bin Laden Wanted To Liberate Obama From Capitalism

Poignant, powerful, educational. Must see. Robert Sirico completely nails it, when he describes the dark impulses behind the economics destroying America today: envy, sloth, pride. The root problem in America is not political, economic, or social. The root problem is moral and spiritual. The root problem, is that we don’t love each other, and have suppressed who we are, and Whose we are. The solution, is to recover those truths. The solution, is the Good News Jesus of Nazareth proclaimed Read more […]

Selfishness of the Fittest?

Ayn Rand became famous (infamous) for her views on altruism. As an atheist, Rand was convinced that doing things that were not in the individual’s own self-interest was pure foolishness. In order to make her point she used shocking language—not in the sense of being vulgar, but in the sense of being forthright. The title of one of her philosophical books (in reality, all of her books—even the fictitious ones—were philosophical) was The Virtue of Selfishness. Shocking? You bet. And yet this Read more […]

Without Freedom There Would be No Pencils

In a chapter entitled “Opportunity: The Great Art of Life?” from his book, How Do We Know?, Leonard Read writes the following: Opportunities are indeed rare in countries where one cannot act creatively as he or she pleases. Rare, too, are opportunities for you or me that are beyond the range of our potentialities or talents. Astronomy is no more within my range than is the making of an ordinary wooden lead pencil. And, all too rare are the astronomers—or those who have a part in pencil-making Read more […]

The Politics of Poverty

In a study released in Financial Times in late 2006, it was revealed that the richest 2% of adults in the world own more than 50% of the total assets, while the poorest half of the population hold a mere 1%. [1] Statistics like this were highly prevalent during the Obama presidential campaigns, and they are get repeated in pop culture through propaganda such as Michael Moore’s “documentary” Capitalism: A Love Story. Although these statistics may help to foster greed and envy among the poor of Read more […]

How to Teach Simple-Minded People about Economics

Teaching economics is not difficult. You don’t need charts or graphs. All you need are a few good illustrations. One way to teach is with some humor. The Parable of the Two Cows is one way. Bill Sherk mentions that a list has circulated throughout the United States since around 1936 under the title “Parable of the Isms.” A column in The Chicago Daily Tribune in 1938 attributes a version involving socialism, communism, fascism and New Dealism to an address by Silas Strawn to the Economic Read more […]

The Word(s) of the Year

“Capitalism” and “socialism” have hit the big time—at least as far as Merriam-Webster is concerned. The two words share the honor of being the “Word of the Year,” meaning they were the most looked-up words of 2012. Last year’s Word of the Year was “austerity,” which goes to show how much politics influences web traffic. Even though “socialism” was searched for more often, the Merriam-Webster editors felt it was proper to make “capitalism” and “socialism” co-winners—rather Read more […]

Romney loves the 47% more than Obama does, but Mainstream Media doesn’t care

I’ve complained before that Romney shouldn’t think that any economic class is beyond his reach. I think he knows that and always knew it. The way a man speaks to a bunch of millionaire donors is not necessarily reflective of his heart. He feels pressure to perform and to say the things that they want to hear. We all do that in front of a group. Romney has been given a chance to re-articulate is remarks. He has appropriately stuck to the conservative point that we are manufacturing a class Read more […]

Congress can only “create” regulation

Alex Marshall believes that governments create economic markets. He says so here. What is so very wrong with this belief is that it empowers government far beyond anything it was ever intended to have. The word “market” doesn’t appear anywhere in the Constitution, and “commerce” only appears twice—in Article I, Sections 8 and 9. To say that government creates markets, one would expect at least a shout out to the Constitution, but other than a passing reference to the 14th Amendment (naturalized Read more […]