Free Republic

New York Times economist Paul Krugman attacked capitalism for promoting “too much choice” for American consumers. One pro-market economist wasn’t going to let him get away with it. Krugman decried in a new op-ed headlined “Too Much Choice is Hurting America” how the American economy has become too complex. Krugman used subprime mortgages, electricity contracts and health insurance as examples of how too many choices have created a “cognitive burden” on America’s poor. Krugman pontificated that “the next time some politician tries to sell a new policy — typically deregulation — by claiming that it will increase choice, be skeptical....

When lockdowns first happened, my initial thought was geeky, and only later did I begin to realize the implications for human rights and liberties. My thought was: this is going to be devastating for future capital investment. The basis of my fear was the knowledge that in almost all poor countries, property rights are insecure, particularly for capital goods. These are goods that are produced to make other goods (the “produced means of production,” in the classic formulation by Eugen von Böhm-Bawerk). Their existence and protection is a key to prosperity. They enable more complex economic structures – the extended...

At the World Economic Forum’s (WEF) virtual Davos Agenda summit on Tuesday, French President Emmanuel Macron declared that in the wake of the Chinese coronavirus modern capitalism “can no longer work”. Appearing before a question and answer session conducted with ‘Great Reset’ architect and founder-chairman of the WEF, Klaus Schwab, Mr Macron said that while capitalism has historically driven down poverty globally, he claimed that it came with the cost of furthering inequality. “We will get out of this pandemic only with an economy that thinks more about fighting inequalities,” Macron said.

The increased censorship of people’s views expressed on social media by Big Tech companies has been part of an orchestrated attack on the First Amendment, Patrick Wood, director and founder of Citizens for Free Speech, told The Epoch Times. Wood believes that there is an agenda behind the censorship. It would be almost statistically impossible to attack simultaneously all five elements of the First Amendment: freedom of religion, free speech, freedom of the press, the right to assemble, and the right to petition the government for a redress of grievances, Wood said in an interview for Epoch Times’ “Crossroads.” All...

Forecasts future of country. Capitalism will prevail.

This story is all about the most profitable companies from 2005 to 2019.

In a December 23 article published on mises.org, Lipton Matthews made the compelling case for advocates of free market capitalism to prioritize the moral superiority of capitalism rather than making the case for capitalism’s superior productivity.“Demonstrating the impracticality of socialism is necessary, but is also an ineffective strategy to galvanize goodwill for capitalism, because objections to capitalism are usually predicated on moral grounds,” he wrote.Indeed, in the battle of emotions vs. rational justification in the human brain, emotions are king. You cannot penetrate emotional objections with more charts and spreadsheets.The most compelling case for economic freedom is not its economic...

Futures tied to the tech-heavy Nasdaq 100 index sank 2% on Wednesday as the possibility of Democrats gaining control of the Senate sparked fears of tighter regulations on technology mega-caps. A so-called “blue wave” would give more scope for President-elect Joe Biden to act on his reform plans including new COVID-19 stimulus, but it could also mean higher corporate taxes and more regulations for technology behemoths, which had led Wall Street’s recovery from a coronavirus-driven crash last year. “If Democrats hold both Houses then there will be more pressure to regulate some of the bigger play within growth and most...

ByCeline RyanonDecember 14, 2020 Pope Francis has teamed up with a member of the Rothschild family and multiple multinational corporations including Mastercard and Bank of America, to ensure the creation of a new, global economic system. The “Council for Inclusive Capitalism with the Vatican, founded by Lady Lynn Forester de Rothschild, launched Tuesday, with a proclamation promising that the council “answers the challenge by Pope Francis to apply principles of morality to business and investment practices” The press release included a quote from its Rothschild founder, who explained that “Capitalism has created enormous global prosperity, but it has also left...

Fox Business host Charles Payne had no patience for incoming “Squad” member Congressman-elect Jamaal Bowman’s (D-NY) absurd claim that American capitalism is “'slavery by another name.'” During the Dec. 22 edition of America’s Newsroom on Fox News, anchor Trace Gallagher asked Payne for his take on Bowman’s sentiments. Payne didn’t mince words. He said that “we’ve heard these comments before,” and claimed Bowman’s attacks on American capitalism were “dangerous.” Payne warned that what Bowman said was indicative of the “concerted effort — a[n] organized, smart, brilliant effort — to bring down America’s capitalistic society and to replace it with something...

<p>PRAGUE - The lower house of the Czech Parliament has approved a government plan to cut income taxes in an effort to help revive an economy hit by the coronavirus pandemic.</p><p>The lawmakers have reduced the main tax rate from 20.1% to 15% while the top earners will pay 23%.</p>

“But let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you – and why?” “Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.” “Democracy and liberty are not the same. Democracy is little more than mob rule, while liberty refers to the sovereignty of the individual.” “The public good is promoted best by...

The Council for Inclusive Capitalism announced Tuesday morning a new partnership between the Vatican and business leaders across the globe. This alliance followed a meeting just over a year ago when Pope Francis called for the urgent need for “an economic system that is fair, trustworthy and capable of addressing the most profound challenges facing humanity.” Lynn Forester De Rothschild, founder of the Council for Inclusive Capitalism, joined “Squawk Box” on Tuesday to discuss.

THE COUNCIL ANSWERS THE CHALLENGE BY POPE FRANCIS TO APPLY PRINCIPLES OF MORALITY TO BUSINESS AND INVESTMENT PRACTICES ORGANIZATIONS COMMIT TO CONCRETE ACTION TO CREATE A MORE EQUITABLE, SUSTAINABLE AND TRUSTED ECONOMIC SYSTEM NEW YORK, Dec. 8, 2020 /PRNewswire/ -- The Council for Inclusive Capitalism with the Vatican ("the Council"), a historic new partnership between some of the world's largest investment and business leaders and the Vatican, launched today. It signifies the urgency of joining moral and market imperatives to reform capitalism into a powerful force for the good of humanity. Under the moral guidance of His Holiness Pope Francis...

Source: P Photo/Charles Krupa Sam Jacobs is a 25-year-old on a mission. He’s trying to get possession of his trust fund, which holds more than $30 million.What does he want to do with the money? Use it to destroy the very system that made his trust fund possible: capitalism.Jacobs is not alone. According to The New York Times article “Silver-Spoon Socialists,” there are legions of young people just like him. The Democratic Socialists of America has recently been transformed from a fringe group of older leftists to a national organization 100,000 strong – with most of its members under 35...

In a delicious display of buffoonish irony, self-avowed democratic socialist Congresswoman Alexandria Ocasio-Cortez is hawking over-priced merchandise in her personal online shop. Just as a reminder, here’s AOC’s opinion on our current economic system: “Capitalism is an ideology of capital – the most important thing is the concentration of capital and to seek and maximize profit…so to me capitalism is irredeemable.” -Rep. Alexandria Ocasio-Cortez, South By Southwest Conf., 2019 Yes, an irredeemable system that has uplifted the quality of life of hundreds of millions of people to a better life. But, maybe AOC has changed her views on capitalism. She’s...

“America’s prosperity was not a gift from the government or anyone else. Free enterprise, not government, is the source from which our blessings flow.” I think that this quote by Ronald Reagan on prosperity just about perfectly sums up why we need to be mindful of government promises of prosperity. Yes, the government can implement policies that don’t constrain citizen action enough to limit wealth creation too much and we should always support politicians that promise those policies. But, frankly, any government action will only hurt the economy. The government might be here to help, but it’s like your idiot...

It may be argued, and it frequently is, that free com- petition is a ruthless and cruel process. But it is not nearly so ruthless and cruel as the opposite philosophy, which down through the ages has kept the majority of people ill-fed, ill-housed, ill-clothed, embroiled in wars, and dying of famine and pestilence.

What the Democratic Party pitches as compassion for minorities and the poor is nothing but forced dependence, and now Democrats are seeking to expand their targets. Theirs is not a message of hope and opportunity but the propaganda of envy and helplessness. "You can't succeed because the deck is stacked against you," they say. "You don't have X because someone else has it." "The only reason someone else has X and you don't is because they have exploited you." And the big finale: "The only way you can get X is by electing us to take it away from others...

Handouts blamed the pandemic on racism and capitalism gave Chinese government a pass A District of Columbia public school teacher encouraged students to blame the coronavirus pandemic on racism and capitalism instead of China, according to a lesson plan obtained by the Washington Free Beacon. Hardy Middle School teacher Caneisha Mills had her students host a "People's Tribunal on the Coronavirus Pandemic," whose "defendants" included racism, capitalism, and the United States government. "I wanted to … point out that the capitalist system was behind the pain, trauma, isolation, and destitution [my students] were facing," Mills said. "Capitalism, racism, and the...