Free Republic

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...

Capitalism, and the American pharmaceutical industry that thrives under it, saves lives. With the possible exception of “Big Oil,” there is no industry more demonized in America than the pharmaceutical industry. In some cases, the disdain for “Big Pharma” is both understandable and justified—as with the “commercial triumph” but “public health tragedy” surrounding the sale and regulation of OxyContin. But we are now on the precipice of one of those very pharmaceutical companies, Pfizer Inc., being granted permission by the FDA to distribute a COVID-19 vaccine, in the hopes of eradicating a disease that has killed almost 1.3 million worldwide...

Soros is committed to Trump’s removal. He assured elites at Davos in 2018 that Trump is a "purely temporary phenomenon that will disappear in 2020, or even sooner.” That's not an idle boast. Soros has an established record of driving leaders from power. Horowitz and Poe assert that “Soros’ Open Society Foundations have facilitated coups and rebellions in many countries, always ostensibly in the interests of ‘democratization.’” Soros crowed in 2001 that his Open Society Foundations network has achieved "significant successes" in Slovakia, Croatia, and Yugoslavia where "civil society was mobilized to overturn ... overcome, rather, an oppressive regime." (see...

Billionaire Home Depot co-founder and Republican donor Ken Langone went on Fox Business to shred the false leftist logic behind Democratic presidential nominee Joe Biden’s tax plans. During the October 21 edition of Mornings with Maria, anchor Maria Bartiromo asked Langone for his reaction to both Biden’s and President Donald Trump’s tax plans. Bartiromo noted that Biden, in particular, “wants to raise taxes by $4.3 trillion.” She also said that Biden “wants to take the capital gains tax and the tax on dividends” all the way “up to 43.6 percent.” Langone’s response to Biden in a nutshell? “[T]he middle class...

After four years of America First, some money managers outside the United States looking for big post-election investment winners are quietly confident it is the turn of the rest of the world to shine. With several opinion polls pointing to a Joe Biden presidency, these investors are leaning towards assets such as emerging markets or European bank stocks, as potential beneficiaries of a Democrat win while turning cautious on markets such as Russia which might be hurt by the change. A stimulus-fuelled U.S. growth pickup, accompanied by corporate tax hikes -- both expected under Biden -- could push capital out...