Socialism’s three-legged stool: Envy, ignorance, and faith

When democratic socialists were asked what they would build in place of Amazon’s HQ2 now that Alexandria Ocasio-Cortez had chased it out of Queens, the response was “a guillotine.” That reply, contained in an insightful and in-depth portrait of young socialists in New York magazine, perfectly illustrates the difference between the worldview of secular collectivists and those who believe in the free market. Continue Reading...

Harry Potter: Venture Capitalist

I recently read the first Harry Potter novel to my six-year-old son Brendan, then watched the film with him. It was all the fun I hoped it would be: he is just the right age for it — excitedly asking what is going to happen next and jumping and cheering at the end. Continue Reading...

The Parable of the Long Spoons explains free markets

“How can we explain this emporiophobia—a fear of markets—given the overwhelming evidence that such institutions provide the greatest wealth, health and happiness for humankind?” When economics professor Paul Rubin asked that question he answered by saying that we need to shift the metaphor of markets from “competition” to “cooperation.” Cooperation isn’t just more important in the economic sphere—it’s also more common. Continue Reading...

Enjoying your weekend? Thank God and free markets

No two words in the English language create the feeling of relaxation as perfectly as “summertime weekend.” But the two days of physical and spiritual rest we enjoy each week are not the inevitable products of the cosmic order: They have been made possible by the unique marriage of the free market and faith. Continue Reading...

Corporations: moral, immoral, or amoral?

Is the free market moral? To hear its opponents describe it, the free market is an unethical system that exploits workers, consumers and the environment to make a quick buck. To critics such as Marx, capitalism leaves “no other bond between man and man than naked self-interest,” replacing human connections with cost-benefit analyses and supply-and-demand charts. Continue Reading...

Deregulation: When to wash a pig

You could be prosecuted on the federal level if you “make any incision” on hog carcasses before all “hair, scurf and dirt, including all hoofs and claws, (is) removed from hog carcasses and the carcasses thoroughly washed and cleaned.” In January, President Donald Trump issued Executive Order 13771, pledging to reduce regulation, which initiated the recall of the Hog Carcass Cleaning Rule. Continue Reading...