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What is capitalism?

Capitalism is an economic system operating on the principle that private ownership of business best facilitates a society with a prosperous economy. This framework allows private individuals to meet—and profit from—the demands of the market as determined by their fellow citizens.

The father of capitalism and the man who is arguably responsible for its global popularity today is Adam Smith, a Scottish economist who championed the free market system in his 1776 book The Wealth of Nations. Smith contended that by allowing people to work in their own self-interest, the economic benefits would be shared by all the country’s citizens.

These free market ideals were baked into America’s Constitution, which limits government interference in the market and allows private actors to freely pursue their own economic goals. This winning formula has been the single most significant factor in making America into the world’s top economy.

Today, however, there are Americans calling to replace this essential building block with a socialist system. Under socialism, the government would be granted a great deal of leeway to interfere with private business and the income of individuals. This is detrimental not just to the American economy, but to our country’s freedom. To protect America’s success, we must continue upholding, not undoing, free market progress.

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A Capitalist Approach to the College Cost Crisis

As Democratic candidates continue to talk about big government programs as solutions to counter the cost of higher education, individuals and organizations are actually doing something to help students—with no government intervention. 

Today, the average student debt is over $37,000. For…

“Free” Tuition for Students will be Expensive for All

There’s no doubt college in the United States is expensive and can leave one in debt far after leaving campus. However, the solution to this problem is not government mandated “free college for all” as Democratic candidates are continuing to push during their 2020 campaign runs.

While “free” higher education…

The Newest Green New Deal: A Socialists Wish List

Another week, another climate plan put forth by Democratic presidential candidates. However, this one has outdone the others. Bernie Sanders released his version of the Green New Deal, and it’s evident that this “deal” is simply the newest wish list set forth by socialist democrats. As with the…