iOS app Android app

Free Market

The Missing Moral Dimension In The Health Care Debate

Frank G. Kirkpatrick | Posted 08.04.2013 | Religion
Frank G. Kirkpatrick

To treat health care as an optional commodity, which should compete in the market place alongside the option of choosing a large flat-screen TV, fundamentally misunderstands what health care is and why its provision is a moral imperative in a society that claims to be a moral one.

The Balancing Act of Taxes and Spending

Howard Steven Friedman | Posted 08.03.2013 | Politics
Howard Steven Friedman

While there is plenty of fat and waste in government, it's important to emphasize that government operations cannot always be assessed on a simple profit and loss basis; there are many critical cases where the government steps in precisely because the free market can't or won't.

The Minimum Wage, Sweatshops, and Escaping the Free-Market Binary

Nathan Robinson | Posted 07.28.2013 | Politics
Nathan Robinson

There is a strain of argument for free markets that purports to be on the side of working people. It says that while do-gooder regulations may be nobly intended, ultimately they often hurt the people they are trying to help.

Who Rejects Evidence of Global Climate Change?

Art Markman, Ph.D. | Posted 07.23.2013 | Science
Art Markman, Ph.D.

What kinds of people are prone to reject the scientific evidence for global climate change? This question was explored in the May 2013 issue of Psychological Science. These researchers suggest that people typically engage in motivated reasoning.

Land Of Opportunity To Barren Wasteland

Robin Lewis | Posted 07.17.2013 | Business
Robin Lewis

Without the elements of trust and fairness, democracy and free market capitalism cannot work. And poll after consumer poll reveals that a greater percentage than not believes our government and the business and financial sectors are lacking both.

Rick Perry's Believe It or Not!: What Texas Could Learn From Bangladesh

Sanjay Sanghoee | Posted 07.14.2013 | Business
Sanjay Sanghoee

Unlike Bangladesh, Texas is already extremely wealthy and can afford to adopt a more balanced and humanitarian approach to economic growth. Instead, the former seems to be modernizing while Governor Perry pushes his state towards an unreasonably purist form of capitalism.

WATCH: The Myth of the 'Free Market'

Bill Moyers | Posted 07.08.2013 | Politics
Bill Moyers

In my conversation with Marshall Ganz, the veteran activist and organizer challenges the notion of the 'free market' as an effective way to address our economic, political, and moral issues. Instead, he proposes more collaborative solutions.

Land of Opportunity to Barren Wasteland, Part 2

Robin Lewis | Posted 07.01.2013 | Business
Robin Lewis

Capitalism's founder Adam Smith's "invisible hand" is indeed invisible to most of society. However, that invisible hand now belongs to big business, finance and government -- to whom it is very visible indeed.

Conard and Zakaria on What Ails the Economy

Robert Teitelman | Posted 06.30.2013 | Business
Robert Teitelman

Yes, there are lessons in history. But untangling those lessons, like anticipating the sentiments of voters, is a process that shifts as we attempt to capture it. And so from left and right we end up chasing a kind of essence, an equilibrium, which may not exist.

Land of Opportunity to Barren Wasteland

Robin Lewis | Posted 06.26.2013 | Business
Robin Lewis

Think about three million empty, decaying and devalued houses following the leveraged-up mortgage crash of 2008. And what about the jobs lost, and spike in the number of people living below the poverty line?

What JPMorgan Chase Really Means When It Complains about Regulation

Nathaniel Frank | Posted 06.26.2013 | Business
Nathaniel Frank

Bankers would have you believe they're not lending enough because of government constraints. In reality, they're not lending enough because they've grown dependent on government largesse.

Nestlé Chairman Peter Brabeck Says We Don't Have a Right to Water, Believes We Do Have a Right to Water and Everyone's Confused. (Video)

George McGraw | Posted 06.24.2013 | Impact
George McGraw

The Internet (almost) exploded this week when Americans Against the Tea Party linked to a video with the title: "Nestlé Chairman: Water Not a Right, Should Be Given a 'Market Value' and Privatized."

Study: Supporters Of Popular Conservative Economic Theory Less Likely To Believe In Science

Posted 04.24.2013 | Business

Those who believe in a popular conservative economic theory are also more likely not to believe in science, according to a recent study. People wh...

The Lax Logic of Libertarians

Jag Bhalla | Posted 06.11.2013 | Politics
Jag Bhalla

Crucial questions are misframed by pitting J.S. Mill and free-market libertarian faith against Mayor Bloomberg, reason and experience.

Ego Climate: Human Dysfunction Is Holding Up Sustainability

Shayne Hughes | Posted 06.08.2013 | Business
Shayne Hughes

Five years ago, experts were obsessed with peak oil; now we have more natural gas than we know what to do with. It is clear that we have -- or are on the verge of developing -- all the technology necessary to respond to climate change. And that's where the pessimism kicks in.

Keystone XL Pipeline: Why All the Fuss?

Paul Schwennesen | Posted 04.29.2013 | Green
Paul Schwennesen

I concede the point: the Keystone XL is a symbol. But is excoriation of symbols really all that meaningful in the larger context of planetary stewardship?

A Buddhist and a Capitalist

Jeffrey P. Colin | Posted 04.27.2013 | Business
Jeffrey P. Colin

There is no reason why capitalism cannot be supported in a manner in line with the most basic of Buddhist beliefs. Capitalism recognizes human weaknesses and frailties, yet still provides opportunities for compassionate function.

Home Movies Are Socialist

Michael Molina | Posted 04.17.2013 | Comedy
Michael Molina

Our dregs illustrate the most extreme counter-capitalist measures that The American Family has produced in pursuit of their socialist film empire. Witness the horror and band together with us as we blacklist The American Family from appearing in our homes!

How to Quickly Prove a Libertarian Wrong

Ben Cohen | Posted 03.09.2013 | Politics
Ben Cohen

Have an annoying Libertarian uncle who tells you that government is the source of all evil? I thought it would be useful to have some quick-fire arguments in your back pocket to battle the five most common myths propagated by Libertarians:

The Balance Between Competition and Regulation

Chris Kempes | Posted 01.23.2014 | College
Chris Kempes

Fundamentally, our society is held up by an enormous collective agreement to exchange with each other and play by common rules in a common system. Competition is useful for evolving our economy, but the market's true foundation is human cooperation.

The Dirty Secret of Climate Change

Craig K. Comstock | Posted 02.26.2013 | Green
Craig K. Comstock

Amid all the complex data and opinion about climate change, the dirty secret is quite obvious, so simple and awkward that it's rarely discussed.

Paving a Growth Path Thanks to a Pair of Pants

Meg Seitz | Posted 12.12.2012 | Money
Meg Seitz

You just made a bold move to save enough money to buy something for yourself. And, without realizing it, you just raised your own gold standard. And with this new gold standard, comes two scary questions -- what's next, and what else do you want for yourself?

Why Can't Republicans Get Behind Capitalist Self-Interest?

N. E. Marsden | Posted 01.27.2013 | Politics
N. E. Marsden

I'm sick of all the palaver about Obama's so-called gifts to poor and middle-class voters. Republicans are free marketeers. Romney was virtually breastfed on Adam Smith. These people are supposed to understand capitalism. Didn't they ever hear of the invisible hand?

My Plane Out of NYC in Advance of Sandy, and Mitt Romney's America

Robert Reich | Posted 12.29.2012 | Politics
Robert Reich

Leaving JFK today, I couldn't help think it was a miniature version of the America we'll have if Mitt Romney is elected president. Rational and efficient in terms of supply and demand, guaranteed to maximize profits, but fundamentally unfair.

Big Bird Will Be Fine Under Romney

Erik Sean Nelson | Posted 12.16.2012 | Comedy
Erik Sean Nelson

Who says that the Free Market doesn't solve all problems? ...