“Capitalism” Is the Wrong Word

Wouldn’t it be nice if we could simply invent new terms to replace the words that seem to cause more heat than light? For example, I have written before of my qualms about using the word capitalism to describe the free-market economy. The word was coined by capitalism’s enemies to describe the system that they rejected.


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Obama Called Conservatives Hypocrites on Solar Energy and Free Markets. Here’s What He Got Wrong.

President Obama is having a hard time with the definition of free market.
The most recent example came from his remarks at the National Clean Energy Summit, an event hosted by Senate Minority Leader Harry Reid, D-Nev., to promote solar power.
Obama told a crowd in Las Vegas that solar and renewables now make economic sense and blasted conservative think-tanks for being insincere when it comes to the free market. He said, “Now, it’s one thing if you’re consistent in being free market. It’s another thing when you’re free market until it’s solar that’s working and people want to buy and suddenly you’re not for it any more.”


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McConnell Gives Poster Child of Corporate Welfare a Pass

There is nothing more rare in Washington than the opportunity to shutter the doors of a profligate federal agency. Thus the prospect of ending the wasteful and corrupt Export-Import Bank is even more enticing. Unfortunately, Senate Majority Leader Mitch McConnell (R-KY) has just handed the Democrats another gift that could possibly snatch defeat from the jaws of victory for Republicans and reauthorize the poster child of corporate welfare.


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Norway Breaks with Social Democracy

Largely uncommented on in the US press, Europe’s long-standing social democratic tilt has changed. During recent years, almost all Western European nations have seen a dramatic fall in support for the traditional Social Democratic parties, which for so long have dominated the political landscapes. In response, the centre-left parties have morphed, moving towards greater emphasis on the benefits of free markets and individual responsibility. In several countries the former communist parties now claim that they fill the role of traditional Social Democrats. A new breed of modernized centre-left parties is likely to replace several centre‑right governments during coming years. The third consecutive loss for the German Social Democrats illustrates the continuing difficulties for Europe’s labor movements to gather the strong support that they previously almost took for granted.

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