Articles tagged as

Capitalism

Capitalism Defeats Racism

by Op-Ed

In her essay “Racism,” Ayn Rand argues that racism — which she describes as “the lowest, most crudely primitive form of collectivism” — is incompatible with capitalism and can only be defeated through capitalism. She defines capitalism as “a social system based on the recognition of individual rights, including property rights, in which all property … Read more

Pride flag

Capitalism Versus Free Speech

by Ed Mosca

In the make-believe, fairy-tale world that people like Joe Sweeney, Ross Berry, Mikey Graham, Drew Cline, the Koch-bots, and the libertarians (an incomplete list) espouse, Big Business ALWAYS acts in their financial self-interest, which ultimately benefits everyone. EXCEPT Big Business does NOT act in such a manner.

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No, Corporate Profits Don’t Cause Inflation

by Op-Ed

The Guardian reported, A new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop. The report, compiled by the progressive Groundwork Collaborative think tank, found corporate profits accounted for about 53% of inflation during last year’s second … Read more

Capitalism

Night Cap: Why Anti-Capitalists are Always Wrong

by Kensley Vitoria

This author recently wrote about the nature of capitalism in contradiction to its opposing ideology— communism. We echoed Javier Milei’s view that capitalism’s self-correcting mechanisms are not failures. This is akin to being on a bandstand in a jazz band.

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Capitalism Never Fails, Only Communists Fail

by Kensley Vitoria

There is a continuously stronger chorus of voices in the Anglosphere claiming that capitalism has failed.

A rallying cry for decades from the political far left, the critique of capitalism stems from many misunderstandings but mainly from a total lack of awareness of what capitalism actually is and isn’t.

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Karl Marx Bust statue

What Exactly is Marxism?

by Kensley Vitoria

I overheard a conversation between two high school English teachers concerning one of their students’ written journals on class discussions and reflection. The student had voiced in writing pro-Trump remarks decrying socialist and Marxist ideologies that he claimed were virulent in American political ideologies. 

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Freedom, Protectionism, and Selling The Rope By Which Anti-Capitalists Will Hang Themselves

by Skip

Economic Freedom: “[E]conomic prosperity comes and goes as adherence to the principles of economic freedom comes and goes.”  – John Taylor (First Principles)   And this is because we elect those that promise much that Government will do for them while never saying that the tradoff is the reduction in Freedom for how you can … Read more

Light buble filament original Photo by Alessandro Bianchi on Unsplash

Enlightened Capitalism

by Kensley Vitoria

The events of the past decade have underscored one clear reality, corporations are overly greedy and must be checked by governments. Indeed, that is the sole purpose of good government when it comes to overseeing the marketplace— to prevent large corporations from preying on the citizens.

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anarchist cafe

Another Anti-Capitalist Communitarian Cafe Goes Out of Business

by Steve MacDonald

If you didn’t know, I have extensive experience with how razor-thin the margins are in the restaurant business. While the closure of this communitarian cafe is unfortunate, it serves as a reminder of the business risks involved in running a café.

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dialogue-window word bubble quote bubble Image by OpenClipart-Vectors from Pixabay

Blogline of the Day – Socialist/Communist Hypocrisy

by Skip

It’ll Cost You $95 to Hear Bernie Sanders Tell You Why Capitalism is Bad

Yeah, right. This is the guy that has always advocated for Government to be bigger and more intrusive, has said that if he had the power, he’d get rid of all charities (Government should do EVERYTHING), and honeymooned in Moscow.

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Disqus Doodlings – A Full on Assault and Defense of Capitalism vs a “Guided Economy”

by Skip

Yep, I have a few of these to catch up on. What started as an observation by TreeHugger author Lloyd Alter that Germans were “gamifying” the use of less energy (“Germans Are Competing With Each Other to Save Energy“), my first thought was “oh, competing to see who could have a worse standard of living … Read more

ajoe abiden twitter screen grab - Screen Grab Twitter

Joe Biden: “I’m a Capitalist “

by Ray Cardello

The speech that Joe Biden delivered on Monday afternoon angered me beyond belief. I try to stay level-headed as I analyze and write about a specific event or topic, but Joe Biden has pushed me beyond the limits. I am pissed.

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Racist White Background

Dear Mr. Ibram X Kendi, I Hope This Email Finds You Well.

by Op-Ed

Dear Mr. I X Kendi,

I hope this email finds you well.

With regularity, I have read of your striking perspective on antiracist politics. I would like to address some points with you directly.

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Grayscale Photo of People at Market by Danilo Ugaddan Pexels Free to use

Notable Quote – Consumers Determine the Marketplace

by Skip

Socialists and Democrats (but I repeat myself) always lambast Big Business as the Evil component of capitalism.  They forget: On the market of a capitalistic society the common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality. Those shops and plants … Read more

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DISQUS Doodlings: Socialism Disavows Individual Responsibility – The Old “Makers vs Takers” Connundrum

by Op-Ed

Note: No, not me this time but from “Vindaloo Bugaboo”, also a frequent commenter at Treehugger who would fit in well here at GraniteGrok.  I liked what he wrote at one of TH those posts and asked if he’d “translate” it for GraniteGrok. And no, I had no input in that commenting series as he was doing so splendidly well!

As a child, one of my favorite bedtime stories my mum would read me was the 1974 Scholastic Books classic, “Little Red Hen” by Paul Galdone.

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dostoevsky grand inquisitor

Notable Quote – So What Do Property, Prices, and Profit Have to Do with Each Other?

by Skip

Absent the three Ps of property, prices, and profit and loss, individuals will be devoid of the incentives and information required to continually innovate and coordinate their plans to realize the gains from trade and the gains from innovation.

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Women_in_stocks_at_Turku_Medieval_market_2015 WikiCommons under license - CC BY-SA 3.0

They Shoulda Just Left James Cromwell There, Self-Super-Glued to the Starbucks Counter

by Skip

I put this into the same category as “if they are threatening to kill themselves via a hunger strike, gimme a lawn chair, popcorn, and a great prime rib steak.”

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Notable Quote – Capitalism Requires Both Individual Freedom and Respect for Private Ownership

by Skip

Capitalism is an economy based on decentralized private ownership of resources and open markets; “based on” means that private ownership rights are acknowledged and respected. Most members of society must feel a duty to respect the private rights of others. Ownership rights must be exercisable without fear, ridicule, or disrespect from other members of society. … Read more

too much capitalism

Notable Quote – Only Capitalism Puts the Individual Foremost. Everything Else Puts the State First

by Skip

As Hayek frequently repeated, many intelligent and informed people of his day had been taken in by the claim that National Socialism was the next logical and historical phase of a collapsing capitalism. His point, one that most would accept today as evident, was that fascism and communism both represent totalitarian systems that have much more in … Read more

Capitalism

Notable Quote – Don’t Let Socialists Define What Capitalism (As in “Greedy Corporations” and Profiteers)

by Skip

Achieving profits is a condition of survival. Consumers leave no alternative for producers. If the products don’t satisfy consumers, producers won’t cover costs and won’t survive. The drive for profits is compelled by consumer preferences for better or more economically produced goods. Over time, competition displaces less satisfactorily performing producers – those who don’t earn … Read more

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