Capitalism

The fallacy of capitalism’s ‘race to the bottom’

"The Biden administration proposes a global minimum tax on corporations to end the 'global race to the bottom.' Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty." - Acton

197 reads

J.D. Vance Shows How the Populist Right Adopted the Logic of 'You Didn't Build That'

"It matters that Google is a private company because the rights it enjoys as a private entity are the same ones that protect all of us from aspiring authoritarians, regardless of from which side of the aisle they emanate. Eroding these rights for some weakens them for all." - Dispatch

225 reads

“How can half of Americans between 18 and 29 favor socialism over capitalism? Because they do not know the first thing about capitalism”

"Many young Americans sympathetic to socialism mistakenly believe that capitalism is a relatively modern concept, first seriously examined in Karl Marx’s Das Kapital, published in 1867. However... private property—an essential ingredient of capitalism—has been an integral part of Western civilization since ancient Athens, which had 'a highly developed system of private property.'" - Law & Liberty

1049 reads

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