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Pope Benedict and a free and virtuous economy

Philip Booth

12 February 2013

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Those who study Pope Benedict, who announced his retirement yesterday, have been impressed by his humanity and by his understanding of human nature. Statements he has made on the economy,...

Why Capitalism?

Alberto Mingardi

20 December 2012

4 comments

A review of Why Capitalism? by Allan H. Meltzer ‘No economic system focused on property confiscation and redistribution has ever sustained both growth and personal freedom’ (...

Without capitalism, can there be culture?

Stephen Michael MacLean

11 October 2012

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John Meadowcroft’s recent article in defence of free markets, ‘From Big Macs to Big Brother’, begins thus: ‘One of the most important contemporary debates in...

George Monbiot: to move beyond capitalism, first build a straw man

Tom Papworth

24 August 2012

1 comment

George Monbiot has set out his cartoonish manifesto on the Guardian website. He paints a picture of ‘what the world will look like after capitalism’, beginning with this very helpful...

How China Became Capitalist

Steve Davies

3 July 2012

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In the late 1960s and early 1970s, at the height of the Cultural Revolution unleashed by Mao Tse Tung against his opponents in the Communist Party, China was the Mecca for a whole...

‘The Left’ and Public Choice Theory

Mark Pennington

1 February 2012

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The mention of public choice theory to those on ‘the left’ of politics can prompt a variety of reactions. Some are based on ignorance about the very existence of public choice economics...

Politicians are to blame if we have crony capitalists

Richard Wellings

19 January 2012

1 comment

Capitalism has a problem. Increasingly it is viewed as a deeply unfair system favouring a small, privileged elite at the expense of everyone else. Our politicians have been quick to join the...

Ted Heath was right - the EU single market is not a free market

Philip Booth

28 November 2011

1 comment

Last week, the IEA held a discussion on the EU. There were some prominent euro enthusiasts there, together with a large number of sceptics. I was somewhat surprised by the enthusiasm of the free-...

McDonald’s withdrawal from Bolivia: capitalism in action

Kristian Niemietz

22 November 2011

15 comments

BBC World’s Latin America section has provided a sympathetic review of a Bolivian documentary titled ‘¿Por que quebró McDonald’s en Bolivia?’ (Why did McDonald...

David Cameron must tackle moral hazard

Philip Booth

8 November 2011

1 comment

It is widely expected that the Prime Minister is going to start calling for a more moral form of capitalism. I have a simple test of whether a politician is trying to debate, or avoid, tough policy...

The Bishop of Brentwood part two

Philip Booth

6 May 2011

1 comment

My last blog post dealt with the issue of ‘living wages for migrants’ in response to points that the Bishop of Brentwood had made in a high-profile homily. In direct contradiction to...

Cable on capitalism and competition

D. R. Myddelton

22 September 2010

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In his speech this afternoon to the Liberal Democrats’ conference, the Business Secretary, Vince Cable, will assert: “ Capitalism kills competition ”.

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