Capitalism and Market Economy

Why Intellectuals Don’t Like Capitalism

Anti-capitalism is widespread among both right-wing and left-wing intellectuals. Both are united by the belief that economic and social problems can be solved primarily through state action.

Is the Pope Calling for a Universal Basic Income?

Pope Francis never called for a “universal basic income” as a new socio-political model. He asked for financial assistance for those on the margins who have been harmed by the quarantine. Even so, the idea of a “basic income” is only feasible, if at all, in a country with strong protection of property rights and a market economy.

What Comes after the Coronavirus Crisis – More Socialism or More Capitalism?

Statism is on the rise, despite the fact that western nations were ill-prepared for the Coronavirus pandemic. Old leftist demands are now given even more credence than usual. How can classical liberals and capitalists counter this statist impulse?

The Alternate Universe of Anti-Capitalist Coronavirus Experts

The COVID-19 epidemic becomes a pretext for critics of capitalism to once again castigate “neoliberalism.” The survival of the free market economy and the renewal of small government is essential, especially now.

The Rich – A Personally Unknown and Hated Minority

The Germans and the French are more likely than the English or Americans to envy rich people for their wealth. Moreover, social envy nurtures a scapegoat mentality and anti-capitalist thinking. This is confirmed by a recent study.

Capitalism is Good for the Poor – and for the Environment

The wealth-creating dynamic of capitalism remains widely misunderstood. Few know that it is also the solution to our environmental problems. The imbalance of capitalism today, on the other hand, is caused by politics.

The Entrepreneur’s Responsibility Is to Succeed as an Entrepreneur

From a “man of the church” one usually expects (besides friendly praise for the work of the entrepreneur) the admonition that entrepreneurs should not merely strive for profit, but always

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The environment, free markets and Catholic social teaching

Philip Booth (St. Mary’s University) at the Austrian Academy points out that the more natural resources are in private hands, the more environmentally friendly they are used.

Market Capitalism and Christian Social Ethics: A Contradiction?

Capitalism and free markets are widely considered to be incompatible with Christian social ethics. At a closer look, however, market capitalism turns out to be the economic order most consistent with the basic principles of Christian ethics.

Heed Not the Climate Populists

In the climate issue, science and politics are constantly being mixed up. This is dangerous and undermines the credibility of research results. A Nobel Prize for Greta Thunberg would be ridiculous.

The Labor of Capital: How Wealth is Created

The Catholic Church’s mistrust of free entrepreneurship is an old phenomenon. At its origin is the idea of antagonism between “Labor and Capital”, rooted in the influence of Marxist doctrine. It is time to leave this misleading dichotomy behind.

The Market and Morality: Is the Market Moral?

Individual morality (and that of small groups) differs from the morality of large systems. It is important to have good social rules that are applicable to all, and which create the right incentives for responsible economic and political behavior.

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