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Articles on Capitalism

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U.S. President Donald Trump welcomes Hungarian Prime Minister Viktor Orbán to the White House on May 13, 2019. Strongmen like Orbán are increasingly gaining ground as the death knell sounds for liberal democracy. (AP Photo/Manuel Balce Ceneta)

Are we witnessing the death of liberal democracy?

Liberal democracy is in trouble, and the seeds of its demise can be found in the property rights so cherished by so-called liberals generations ago.
John F. Kennedy’s 1962 speech inspired the modern consumer rights movement. AP Photo/Bill Allen

Consumer rights are worthless without enforcement

JFK pushed consumer rights to the top of the national agenda in 1962, leading to a raft of new laws offering new protections. But without enforcement, such rights are meaningless.
A rally celebrating the second anniversary of Russia’s annexation of Crimea, March 18, 2016. AP/Ivan Sekretarev

Autocracies that look like democracies are a threat across the globe

Almost one-third of countries around the world are authoritarian regimes with the trappings of democracy. Their bad behavior poses a threat to real democracies, as the United States recently learned.
A street art mural representing the innovative scientist Marie Curie, by French graffiti mural artist C215 (Christian Guemy) in Vitry-sur-Seine, France, on 24 Dec 2015. (Shutterstock)

True ‘innovation’ generates ideas, not wealth

To become a successful innovator, follow Marie Curie, Mahatma Gandhi and today’s female social entrepreneurs – focus on ideas and social value, not money.
A Green Bay Packers fan wears a cheese hat reading ‘NFL Owner’ – a nod to the fans’ public ownership of the franchise. Darren Hauck/Reuters

Green Bay Packers fans love that their team doesn’t have an owner – just don’t call it ‘communism’

Many Americans seem to like seeing communist ideas in action, but have a visceral reaction to the word ‘communism.’ Might it be time to refresh an old ideology with a new set of terms?

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