Entrepreneurship

Capitalism – The Economic Form of Giving

There are many forms of giving, but only one that generates general prosperity: capitalism. It does not begin with exchange, but with giving. It is not the state that creates prosperity, but the entrepreneur and businessman. The cause of mass prosperity is individuals, specific people, their actions and their ideas.

American Economist, Peter Boettke: Socialism or Liberalism? Economics Has the Answer

In his lecture in Vienna, U.S. economics professor Peter J. Boettke emphasized that the world is at a crossroads. Only capitalism is a viable path for humankind to flourish.

Socially Unjust Inflation: Why Recessions Are Inevitable and Salutary

Inflation is profoundly socially unjust. Its causes lie above all in an expansionary monetary policy, and this must be stopped. If policymakers want to prevent the inevitable recession that will follow, they will only make the problems worse.

EU Taxonomy: The Road to a Green Planned Economy

With its so-called taxonomy, the European Union is planning an economic structure that will be characterized by bureaucracy and malinvestment. The drastic consequences for productivity and prosperity will only gradually become apparent.

The ECB Faces a Predicament, the Euro an Impasse

With the now obvious failure of the ECB’s inflationary low interest rate policy, things are now also bad for the euro. The “whatever it takes” approach to saving the euro has reached a point where a reconsideration is necessary.

Do We Need a ‘Great Reset’, or More Capitalism?

For many, capitalism needs to be reinvented. And yet it proved to be robust, innovative and enormously successful, especially during the pandemic. Thus, the idea of a “Great Reset” merely serves familiar anti-capitalist prejudices.

The mRNA Vaccine Makers Got Rich—But Not at the Taxpayers’ Expense

According to one criticism, Moderna and Biontech, the two manufacturers of the mRNA vaccines against Covid-19, have enriched themselves from government subsidies. This is wrong. Without the perseverance of individual researchers and billions in private money, the vaccines would not exist.

Globalization Before and After the Covid-Pandemic: Should There Be a New Normality?

It is not globalization, nor the market economy, nor capitalism that is a danger and should be reformed; it is the policies that might provide the wrong, anti-market response to the pandemic that are the real danger precisely to the growth of prosperity in the world’s poorest countries.

Green Climate Policy: Moralism, Ideology and Dirigisme

The Greens are painting a picture of environmental and climate apocalypse. In this way, they try to moralize the debate and present themselves as the advocates of the good. On closer inspection, their program turns out to be ideological wishful thinking that eschews capitalism and the market economy.

Navigating Crises without a Compass: Politics in the Quicksand of Interventionism

Under the guise of the COVID-19 crisis, attempts are being made to use the crisis for a political agenda that would not have found majority support before. The role of the state is expanding. A new policy approach is necessary to secure prosperity.

The Universal Destination of Goods and Private Property: Is the right to private property only a “second-tier” natural right?

Did the rich get rich by robbing the poor? Theology and Catholic social teaching have long known that wealth generation is not a zero-sum game, but a process from which everyone benefits.

A Brave New World after the COVID-19 Crisis?

The Coronavirus pandemic is a golden age for critics of civilization, moralizers, miracle healers and intellectual crisis profiteers. At last, however, the economy and the market are being talked about in a positive light again—high time, because more than a few politicians are enjoying a permanent state of emergency.