My Discovery Institute colleague George Gilder and I issued the following statement in support of FCC Chairman Ajit Pai’s vision for smart Internet regulation: Chairman Ajit Pai of the Federal Communications Commission is proposing to return the classification of broadband service from a Title II telecommunications service to a Title I information service, noting that capital expenditures by the the Read More ›
On day one President Trump surprised business leaders gathered at the White House, declaring U.S. regulations “out of control” and “in need of 75% or more reduction.” A week later, he boldly signed an executive order requiring repeal of two old rules for every new one that government agencies implement. The fact is that cutting regulations is as critical as Read More ›
Vermont senator and self-proclaimed “democratic socialist” Bernie Sanders vanquished Hillary Clinton in West Virginia last week with more than 51 percent of the vote, to Mrs. Clinton’s 36 percent. The average Appalachian coal miner is not a socialist. Mr. Sanders won because Mrs. Clinton foolishly pledged to destroy the coal industry. Hence, according to a CBS News poll, 44 percent Read More ›
Writing for Fox News, CWPM Senior Fellow Jay Richards points out that though Pope Francis demonstrates sincere concern for the poor, he has failed to recognize how economic freedom has greatly reduced poverty across the globe. Indeed, thanks to the expansion of free trade, extreme poverty has been cut in half since 1990. Read more as Dr. Richards discusses why Pope Francis needs to clarify his message to distinguish his criticism of corporatist cronyism from a criticism of economies that are founded on rule of law, property rights, and economic freedom.
Cultural depictions of capitalism are almost all negative. There’s the Monopoly guy with the top hat and cigar. There’s Gordon Gekko saying, “Greed is good.” And, most recently, there’s the hedonism of the “Wolf of Wall Street”. The message is clear: capitalism is selfish. Socialism, or something like it, is selfless. In fact, the opposite is true. Renowned social critic Read More ›
Just a generation after capitalism triumphed with the collapse of the Soviet socialist system, a recent Pew poll reports that 49 percent of Americans 18-29 years old have a positive view of socialism while only 46 percent have positive views of capitalism. The ambivalence toward capitalism is due in part to the influence of the information and entertainment class — Read More ›
We’ve tried a government spending spree and learned it doesn’t work. Now is the time to rededicate our country to the pursuit of free market capitalism, before we’re buried under a mound of debt and unfunded entitlements. Read More ›