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Free Market

What In-Vogue Libertarians Are Missing

Thomas White | Posted 01.23.2014 | Politics
Thomas White

If you're a true libertarian, own it. But be prepared to be questioned vigorously about the role government has played in your life and your successes, and be prepared to defend decreased literacy and increased poverty, increased labor abuses and a vanishing social safety net.

A Culture of Impunity -- for Whom?

Carl Pope | Posted 11.30.2013 | Green
Carl Pope

We cheerfully allow domineering corporations, which are not in fact living human beings, the kind of bailout that outrages us when we reward flesh-and-blood tyrants with the same privilege -- impunity for the damages they cause to others.

The Myth of the 'Free Market' and How to Make the Economy Work for Us

Robert Reich | Posted 11.16.2013 | Business
Robert Reich

One of the most deceptive ideas continuously sounded by the Right is that the "free market" is natural and inevitable, existing outside and beyond government. So whatever inequality or insecurity it generates is beyond our control.

Does the Free Market Corrode Moral Character?

Victor Udoewa | Posted 11.03.2013 | Business
Victor Udoewa

I actually do not know what system would be better, though I am willing to work with others to create one. Perhaps, a possible solution is more subtle than a change of systems. One of the communal moral corrosions that I see all around will help explain this -- a lack of satisfaction.

Don't Let Entrepreneurs Become a Casualty of the Immigration Impasse

Iain Murray | Posted 10.29.2013 | Business
Iain Murray

It is not a stretch to say that immigrants are essential to America's entrepreneurial culture. Yet our immigration system makes no allowance for entrepreneurs.

Is Economics a Science?

Jared Bernstein | Posted 10.26.2013 | Business
Jared Bernstein

Because economics both poses as a hard science and fails to generate reliable predictions, establishing economic facts is an elusive exercise. Battling statistical analyses come to opposite conclusions on the impact of fiscal stimulus, changes in tax rates, wage mandates, regulations, and so on. Into this void steps money and power, such that today we find ourselves with think tanks staffed by economists who provide their clients with the answers they seek. And since those with the deepest pockets can buy the results that best serve their goals, it is increasingly difficult to generate the wealth of evidence needed to offset market failures, inequities, and even existential threats.

WATCH: CNBC Host Wonders If Pope Is Against Economic Freedom

Posted 08.12.2013 | Religion

Larry Kudlow, advocate of free-market capitalism and CNBC host, isn't sure that Pope Francis really understands economic freedom. In a segment on h...

An Anchored Ship

Kátia Abreu | Posted 10.05.2013 | Impact
Kátia Abreu

When do we allow for ideology above economic reasons, of the market and competitiveness, anchoring a large Brazilian trade ship at the port of small regional claims?

Reaganism, Capitalism and Sheilaism

Marty Kaplan | Posted 10.05.2013 | Politics
Marty Kaplan

Thanks to generations of hagiographic Republican politicians, and the press's lazy confusion of partisan mythmaking with historical facts, the retroactive meaning of Reaganism has come to include the triumph of religious faith over secular humanism, family values over hippie hedonism, the market over the state.

Bob Inglis: Conservatives Have a Climate Solution

Marcia G. Yerman | Posted 06.25.2013 | Green
Marcia G. Yerman

"Conservatives have the answer. We just need to raise our hands." This statement is from Bob Inglis, former representative of South Carolina's 4th Di...

7 Important Examples Of How Markets Can Fail

The Fiscal Times | Mark Thoma | Posted 06.20.2013 | Business

Fiscal Times: Many people on the political right believe that free markets are the solution to most any problem. For example, Senator Pat Roberts (...

It Takes Government to Create Markets: Alex Marshall's The Surprising Design of Market Economies

Mary Manning Cleveland | Posted 08.14.2013 | Business
Mary Manning Cleveland

Conventional economics wittingly or unwittingly provides cover for the One Percent, by professing that "the market" operates benevolently on its own. Alex Marshall gives us an entertaining, thoughtful, and well-written antidote to this dangerous abstraction.

A Step Forward for the GOP With Young People

Karin Agness | Posted 08.13.2013 | Politics
Karin Agness

From a Republican perspective, there seems to be a disconnect between the impact of Democratic policies on the lives of young people and which political party young people favor. Looking forward, the question is can Republicans make that connection? If so, how?

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."