Free Republic

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...

(Reuters) - U.S. Senator Elizabeth Warren slammed Walt Disney Co's move to lay off 28,000 workers while making shareholder payouts in the years leading up to the COVID-19 pandemic, demanding more information from company executives on the measures. Warren, a progressive former U.S. presidential candidate, blasted the entertainment company for the layoffs that came as Disney reportedly restored pay for some executives who had taken cuts due to the pandemic, according to a letter the Massachusetts senator sent to Disney on Tuesday and seen by Reuters. Warren described Disney's decision to pay dividends and buy back stock before the pandemic...

The previous article, Wealth is Created, leads us perfectly to this post. Some of the ideas in this article are from chapter two of Organic Wealth fittingly entitled, Equal Transactions. I’m not going to give away all the gold here; there’s much more that’s left out of this article. But please keep reading for enough nuggets for some mind blowing revelation. Free market capitalism produces new wealth. To put it another way, the so-called wealth pie just gets bigger. The reason the wealth pie grows is because our economic system is based on equal transactions. Just the idea that...

Wall Street veteran and Alpha Investor Editor Charles Mizrahi talked to MRC Business about his frustrations with the media’s leftist agenda using the coronavirus to attack American capitalism. Talking heads like Financial Times Editor-in-Chief Roula Khalaf had argued that “capitalism needs a reset.” The socialist-loving FT Editorial Board had said that “Governments will have to accept a more active role in the economy.” Mizrahi, an observant Jew, wasn’t buying any of it. He argued based on a powerful op-ed he wrote for RealClearReligion headlined “Prosperity and Generosity: The Biblical Roots of Capitalism.” His main point is that the media is...

The Pope has declared that the Catholic Church will no longer accept any donations its members give out of their wealth earned by capitalism. The declaration takes effect immediately. Catholic parishes are asked to monitor donations given during the offertory. Parishioners are to fill out a form stating where they got the money. If it did not come from the government, but rather, an evil, capitalist job, the money is to be given back to the church member. "We don't want your dirty capitalist pig dollars," said Pope Francis. "Keep your money earned by oppressing workers and minorities. Only money...

ROME — Pope Francis says the coronavirus pandemic has proven that the “magic theories” of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity and rejects war at all costs. Francis on Sunday laid out his vision for a post-COVID world by uniting the core elements of his social teachings into a new encyclical aimed at inspiring a revived sense of the human family. “Fratelli Tutti” (Brothers All) was released on the feast day of his namesake, the peace-loving St. Francis of Assisi.

Black Entertainment Television founder Robert Johnson says he favors Trump over Biden in the upcoming election. "As a businessman, I will take the devil I know over the devil I don't know anytime," Johnson said. "I absolutely do not know what a President Biden would do. I haven't heard anything coherent from him." Former Vice-President Joe Biden defended his decision to refuse to clarify where he stands, calling it "not my job. No president should have his hands tied prior to being elected. If I were to reveal my plans now that would only stir up needless controversy. It is...

WICHITA FALLS, TX – A professor at Midwestern State University is facing some online backlash after a rather unsavory comment of his on Facebook (which detailed an adoration for cops being killed) wound up being broadcast and circulated.

Every once and awhile, leftists reveal their anti-capitalist ideology for all to see. Such was the case with former Twitter CEO Richard Costolo on his Twitter account last night. News had broken that digital currency exchange Coinbase CEO Brian Armstrong had "discouraged employee activism and political discussions at work.” This set Costolo off on an anti-capitalist rant in a discussion with another Twitter user. Costolo wrote in response to Armstrong: “Abandoning the social contract with employees in favor of a purely economic contract in the guise of ‘championship team’ bs makes you a bank with a mission nobody really believes....

Did you know that the consumption of the poorest 20 percent of Americans is roughly equal to that of the average Dutch or French person, and higher than that of the average Brit, Swede, Dane, or Japanese person? Our poor people are richer than the middle class of most nations! But how do we keep it that way?  Capitalism has allowed our nation to prosper. But it is always being pulled in different directions, usually to the left, as the government intervenes by increasing taxes, spending and regulations. America is being taken over by cronyism, which is based on connections...

In order to save our country, we need to defend and preserve our system of capitalism. It cannot be defended by simply pointing out that socialism has never worked or by pointing out that capitalism is the only system that has raised people out of poverty. Socialists don't seem to care about these facts. Instead, they claim that they can implement socialism the right way. It is hard to defend capitalism because it has been under attack for decades and the attacks are believed. Many of these assaults have taken place in school with numerous subtle or outright negative comments...

The aspirational athletic-wear maker Lululemon, famous for its expensive leggings sported by young urban professionals, is facing vigorous criticism for promoting a yoga workshop billed as an opportunity to “resist capitalism”. The Canadian-headquartered international company, valued at $45bn, suggested participants will be able to learn how “gender constructs across the world have informed culture and the ways violent colonialism has erased these histories to enforce consumerism”.

As Washington has been frozen in debate about whether to pass massive new economic stimulus legislation, something interesting has happened in the real world. In the real world, Americans sent a message to politicians saying they can take of themselves just fine, thank you. The Bureau of Labor Statistics report for the month of August just came in saying the U.S. economy is surging forward in strong recovery mode. The economy created 1.4 million new jobs, and the unemployment rate dropped to 8.4% -- not pretty compared with the 3.5% rate in February, before COVID-19 hit. But compared with where...

It’s a rather strange claim of the American far left that their interests are opposed to that of corporate America, because there’s virtually no evidence to support it. Quite the contrary: During the wave of Black Lives Matter rioting that took place during the early summer of 2020, American corporations marched in lockstep. Not only did they use social media to swear fealty to this political movement, but they also made massive internal changes in conformity with BLM propaganda.

It didn’t take long. “Seattle Councilwoman Kshama Sawant, said the Black Lives Matter movement ‘has been nothing short of an earthquake in American politics, exposing the endemic racism and police violence of US capitalism’…Sawant, 46, is a native of India, called for the overthrow of capitalism, including the seizure of Fortune 500 companies. In a tweet she declared her desire to ‘…overthrow the racist, sexist, violent, utterly bankrupt system of capitalism.’” So, Sawant inadvertently acknowledges that the riots in Seattle – and New York, Chicago, Portland, et al – are and never have been about racism or George Floyd. This...

A disturbing movement to reform capitalism is gaining traction by those using the coronavirus tragedy to call for “The Great Reset”. These are not the ramblings of a few disgruntled teenagers or a wacky sociology professor from inner-city Sydney. The body pushing The Great Reset happens to be the World Economic Forum and its charismatic German leader Klaus Schwab who is calling for a return to Marxist principles, claiming that capitalism has empirically failed. Professor Schwab has just released a book titled The Great Reset and has dedicated a large portion of the official WEF website to such articles as...

According to a report issued by the New York Federal Reserve Bank, the lockdowns decreed by governors in response to the coronavirus pandemic drove nearly half of black-owned small businesses out of business. This was nearly three times the failure rate of white-owned small businesses. Democratic presidential contender Joe Biden declared that "on the surface this might appear to be a bad thing, but a fuller understanding of what it means to be a small business owner shows that it is a good thing. No one has to work harder than the owner of a small business. Eighty-hour workweeks are...