Jay Richards, professor at The Catholic University of America and Discovery Institute Senior Fellow, and Bhaskar Sunkara of Jacobin Magazine debate the merits of socialism.
Life After Google author George Gilder explains the role of creativity in capitalism as he shares economic insight on Life, Liberty & Levin. Learning, he says, is the heart of capitalism. Whereas capitalism is about creativity, socialism is about planning and rests on the assumption that we already know everything we need to know in order to plan our future.
In the 1985 classic American science fiction film Back to the Future, Marty McFly travels back in time in a DeLorean time machine, and with the help of its inventor, the eccentric scientist “Doc,” history gets repaired so that when McFly returns to the present he finds healthy relations restored, providing optimism for the future and a happy ending. As a film Read More ›
You’ve heard this question. Since I write a lot about Christianity and economics, I’ve been asked it dozens of times. Was the early Church communist? It’s not a crazy query. In the book of Acts, just after Pentecost, members of the new Church sold their belongings and shared their wealth. That sounds like communism to some folks. And if Christians Read More ›
I just returned from two weeks touring the People’s Republic of China. The Great Wall, 2,200-year-old Terracotta Warriors, the Forbidden City—what an experience! The size of the place is mind-boggling. Shanghai alone has almost as many people as the entire state of Texas. Most of the cities I visited are unattractive in that old communist way, with mile after mile 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 ›
Over the last century, national socialism murdered tens of millions; international socialism murdered or starved at least a hundred million; and a softer socialism impoverished nations stretching from Europe to Latin America (see Venezuela). But apparently that’s all old and stupid history stuff. According to a new Harvard IOP poll, around 1 in 6 young voters identify as socialist, and Read More ›
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 ›