James Burnham’s & Daniel Bell’s Critiques of Globalization & Liberalism

By |2019-05-02T20:50:26-05:00May 2nd, 2019|Categories: Capitalism, Civilization, Economics, History, Politics|

The rise of a post-industrial, technologically advanced society affected social and economic structures worldwide. James Burnham and Daniel Bell foresaw how drastically society would change over the following decades, as well as the consequences of these tendencies toward globalism and liberalism. We like to say that every idea, every thought, every emotion—no matter how [...]

Progressivism and Democracy

By |2019-03-10T14:45:13-05:00March 10th, 2019|Categories: American Republic, Capitalism, Defining America Series, Democracy, Economics, History, Mark Malvasi, Politics, Senior Contributors|

Could democratic government solve, or even effectively address, the problems of a modern society? For decades, this question vexed Progressive reformers as they navigated the transformation of the United States from a country of small farms and rural communities to a nation of factories, corporations, and cities. Before the Civil War, Americans never doubted [...]

Discussing “Capitalism”

By |2018-12-16T23:13:04-05:00December 16th, 2018|Categories: Capitalism, Economics, Free Markets, Free Trade, Government, Joseph Pearce, Political Economy, Senior Contributors|

Speaking personally, I’d rather discuss many things during this joyful season of Advent than “capitalism.” And yet Matthew Summers’ recent essay “In Defense of Capitalism” for The Imaginative Conservative has prompted me to comment on the topic, albeit briefly. […]

The Best Possible World and Concrete Living

By |2018-12-14T00:37:06-05:00December 11th, 2018|Categories: Adam Smith, Capitalism, Free Markets, George Stanciu, Politics|

I found Matthew Summers’ critique of my essay “Capitalism and the Gospel of Love” illuminating in the sense that two serious thinkers can look at the same phenomenon from completely different viewpoints. He seeks to show that capitalism is the best economic system; given capitalism, I seek to understand how to live best; he focuses [...]

In Defense of Capitalism

By |2018-12-16T23:14:07-05:00December 2nd, 2018|Categories: Adam Smith, Capitalism, Economic History, Economics, Free Markets, Ludwig von Mises|

The term capitalism has long been used by critics as a catch-all to denote a system replete with greed, indulgence, excess, and deprivation. It is easy to misinterpret self-interest as selfishness and write off capitalism and economics. But the truth of the matter is much more complicated… I find myself still scratching my head over George [...]

How the Myth of the ‘Robber Barons’ Began––and Why It Persists

By |2018-11-07T20:40:48-05:00November 7th, 2018|Categories: Books, Capitalism, Communism, Economic History, Economics, Free Markets|

Capitalism Worked, But We Were Told It Didn’t We study history to learn from it. If we can discover what worked and what didn’t work, we can use this knowledge wisely to create a better future. Studying the triumph of American industry, for example, is important because it is the story of how the [...]

Economists Must Answer for More than Just Economics

By |2018-09-11T11:58:41-05:00September 11th, 2018|Categories: Books, Capitalism, Conservatism, Culture, Economic History, Economics, Free Markets, Wilhelm Roepke|

Romanticizing and moralistic contempt of the economy, including contempt of the impulses which move the market economy and the institutions which support it, must be as far from our minds as economism, materialism, and utilitarianism... Editor's Note: The following excerpt comes from Wilhelm Röpke's excellent book, A Humane Economy: The Social Framework of the Free Market, first published [...]

Capitalism and the Gospel of Love

By |2018-08-15T11:44:18-05:00August 14th, 2018|Categories: Adam Smith, American Republic, Capitalism, Economics, Free Markets, Love, Modernity|

In The Wealth of Nations, Adam Smith was absolutely right: The widespread division of labor would cause the interior life to die; an unsurprising result, for under capitalism, the human person became a commodity, a resource, a thing used to further profits… My parents, Romanian gypsies, born in a Transylvanian village and raised in [...]

Distributism vs. Free Market Globalism

By |2018-07-29T23:19:41-05:00July 29th, 2018|Categories: Capitalism, Distributism, Economics, Free Markets, Joseph Pearce|

The whole notion of a global problem requiring a global solution is rooted in a false logic. Effectively it is saying that because bigness causes problems we need even more bigness to solve them. Distributism as a derivative of the principle of subsidiarity offers the only real alternative to the cult of bigness in [...]

Pope Francis and the Caring Society

By |2018-02-17T21:57:13-05:00February 17th, 2018|Categories: Books, Capitalism, Catholicism, Christianity, Dwight Longenecker, Economics, Pope Francis|

A critique of American materialism is extraordinarily challenging, as it is cloaked in a heresy that is subtle, smooth, and sweet. The problem is that the Pope is not really up to such a challenging challenge… Pope Francis and the Caring Society edited by Robert M. Whaples (256 pages, Independent Institute, 2017) It is [...]

A Thinker You Should Know: Wilhelm Röpke

By |2018-02-03T22:05:26-05:00February 3rd, 2018|Categories: Books, Capitalism, Conservatism, Economics, History, Wilhelm Roepke|

Wilhelm Röpke infused his detailed analyses of modernity with a sensitive respect for the values of tradition and religious faith and their critical importance in building social and economic order… Born in 1899 in Schwarmstedt, Germany, Wilhelm Röpke would become one of the most distinguished economists of his age. Acknowledged as a worthy peer [...]

Is the United States a Banana Republic?

By |2018-12-26T15:05:18-05:00January 21st, 2018|Categories: Capitalism, Culture, Democracy, Economics, Featured, History, Politics, St. John's College|

In the modern world of American politics, special-interest money is displacing voters. Wealth is highly concentrated in a few hands, with corporations wielding enormous power. More and more families patch together two or more paychecks to meet the widening income, healthcare, and pension gaps that are threatening the middle class… After a disastrous defeat [...]

A Disaster Has No Benefits

By |2017-09-15T10:07:06-05:00September 14th, 2017|Categories: Capitalism, Economics, Free Markets, Government|

Destruction is always a net negative. Whether it’s a hurricane, tornado or earthquake or even a war, there is no silver lining in destroying capital... As Hurricane Harvey, now tropical storm Harvey, makes its way across the southern U.S., estimates have already come in as to the cost of the storm. According to AccuWeather, Harvey is expected [...]

What Is Capitalism and Where Did It Start?

By |2019-03-19T10:21:09-05:00August 5th, 2017|Categories: Capitalism, Economic History, Economics, England, G.K. Chesterton, Joseph Pearce|

Trade has always existed, and rich merchants have always been a part of the economic and political picture, but merchants have not always been the rulers, as they are today… In a recent essay for The Imaginative Conservative, I claimed that capitalism had its origins in England. I had expected such a sweeping statement to [...]