Rethinking Income Inequality … Is it Actually a Good Thing?

Is income inequality a bad thing? Most people would say so. It seems obvious that income inequality is based on greed and corporate welfare, right? Some of it certainly is. But some of it is based on the fact that certain people hit on an extremely useful idea at the right time, take the necessary risks, and capitalize on it. The stories of this occurring are more common in American history than the history of probably any other country in the world. The iconoclastic entrepreneur is one of our Read more […]

Corporate Accountability in a Free Market

One of the most common arguments against the free market, and it’s as old as the birth of social crusades, is that corporations powered by greed will do anything to anyone to make a buck if the market is entirely unregulated. But it is regularly overlooked that a regulated market has even more possibility for corruption and greed than a free market does. Just look at the recent GM debacle revolving around faulty ignitions. GM was under the direct oversight of the civil government. GM was about Read more […]

Good For Markets, Good For The Self: An Ode To Competition

Competition has an amazing effect on humans. One of the very first competitions (of sorts) was between Cain and Abel of the Book of Genesis. Cain lost that competition and, being the sore loser that he was, smashed his brother Abel’s skull. Humans are evil and can find any reason to exercise their evil wills, be it competition, as Abel learned, or money or power or whatever you can think of. Just because competition can lead to bad, however, does not make it bad. Money isn’t evil, nor power. What Read more […]

What They Call Capitalism Isn’t Capitalism At All

When most leftists and liberals decry the current American system, they talk about income inequality, corporate welfare, big business lobbying, and the like. They tend to call these things “the evils of capitalism” or something similar. Well, I have good news and bad news. The good news is that leftists and liberals are wrong to call these things capitalism. The bad news is that leftists and liberals are right to call these things wrong. America has become corporatist rather than capitalist. Read more […]

A Free Market Is Driven By An Ethical Populace, Not Greed

We hear a great deal about the supposed evils of capitalism, the wonders of governmental interference and planning, and the accusation that capitalism is associated with greed. Of course, for many politicians, “capitalism” really means government, tax-financed favors for the “capitalist” who will pass back the most money to politicians. Against that kind of “capitalism” all the accusations are true. But when it comes to a real free market where people are left alone to produce and Read more […]

Rupert Murdoch On Morality Of Free Market & Immorality of Socialism

In his speech at the Institute of Public Affairs this year, Rupert Murdoch said: “What they wanted was simple: an Australia where men and women would rise in society not because they were born into privilege – but because they earned it with their hard work, their thrift, and their enterprise…Success is not something we can take for granted. Success must be fought for. Success most be won…But, instead of hearing about new initiatives that would make Australia more competitive and open up new Read more […]