The Compounding, Self-Fulfilling Prophecy of Government Growth at the Expense of Markets

Lately, there has been a growing anti-capitalism sentiment in the United States. A recent Harvard University study found that a majority of 18-29 year olds reject capitalism and exactly one-third (33 percent) said that they support socialism. There has been much speculation as to why the country is shifting away from its foundational economic system towards the system that has grown globally popular in the wake of the fall of state-instituted Marxism. However, it is my belief that the problem with these speculations is in their premises, not in the…

Pope Francis’ Utopia: A Moral Free Market Society, or a Catholic Socialist State?

Pope Francis has used the “Chair of Saint Peter” in ways that seem, to many people, “political.” Whether through his actions to promote relations between the U.S. and Cuba, or through democratic socialist Bernie Sanders’ visit to Vatican City, Pope Francis has displayed a message that, from afar, can be seen as encouragement for socialist reform. The question is whether or not this reform is one that uproots the basic bedrock of capitalism, directing nations toward socialism, or if it is strictly a moral outcry, a plea to the starved…

This is what oligarchy looks like

“This is what oligarchy looks like: Today, the top one-tenth of 1 percent owns almost as much wealth as the bottom 90 percent. The top one-hundredth of 1 percent makes more than 40 percent of all campaign contributions. The billionaire class owns the political system and reaps the benefits from it.”                                                                         – Sen. Bernie…

Marisa Holmes’ Message only Fractures Society

As a spokeswoman for the Occupy Wall Street movement, Marisa Holmes fights against a financial system that she believes has turned a blind eye to the people on Main Street. She claims that our capitalist economy has become a rigged system, one where those at the top of society continuously rise and where those at the bottom continually fall. She is not wrong. As TIME magazine editor Rana Foroohar argues, banks are investing less and less into new businesses, debt-fueled speculation is on the rise, a single private-equity firm has…

FPR Conversations: Steve Forbes

Steve Forbes is a two-time presidential candidate and the chairman and editor-in-chief of Forbes Media. He recently sat down with FPR Editor-in-Chief Ben St. Clair to discuss his latest book, Reviving America, and the consequences of his free market and flat tax proposals. You’ve talked a lot about the inherent morality of a free market in relation to your idea of “Big Government.” Can you explain how free markets exhibit morality? I guess first: What do you mean when you talk about markets as being “moral”? Well markets are people, so…

The War on Wealth

The modern liberal movement has branded itself with an emphasis on fairness and equality. This has led to great social change in the country, notably successful legislation for gay and minority rights. However, the left has parlayed this momentum into the realm of economics, where their interpretations are completely misplaced. Using similar catchphrases to those which accompanied their civil rights triumphs, they have gained much public favorability in economic policies that, when analyzed in depth, are contradictory to their values of fairness and equality. The relatively successful presidential campaign of…

On Modernity, Apoliticism, and Inequality: How We Should Promote Companionship Rather than Competition

Moments of popular upheaval, resistance, and revolution have a common underlying cause: they arise from popular dissatisfaction with economic and political systems. Protesters, proletarians, common people are dissatisfied with a political process that does not hear their voices, does not guarantee them their needs and rights, and sees them only by their industrial capacity, as instruments. Meanwhile the debate between politicians and the political class on various issues continues without real representation for those whom the policies would be imposed on, whose lives would be destroyed without adequate protection. Modernity…