Why Capitalism Beats Socialism...Every Time
More and more, it seems people find it difficult to defend capitalism—even those who benefit from it most. But former US Ambassador to the United Nations Nikki Haley takes a refreshingly different view: she thinks we should double down on it. Here’s why.
It’s time for free-market capitalism to reclaim its legacy as a creator of prosperity — not just for citizens of the Western world, but for people everywhere. It’s not capitalism that has to justify itself; it’s everything else. Why? Because everything else has resulted only in poverty. Does that surprise you? Are you skeptical? Andy Puzder, author of “The Capitalist Comeback,” has the charts and data to prove it.
Decades after capitalism seemed to have triumphed over socialism, politicians are once again arguing about the merits and drawbacks of these opposing economic systems. Why are we still having this debate? Andy Puzder, former CEO of the parent company of Hardee's and Carl's Jr., explains the misconceptions that keep the debate alive.
Do you use an iPhone? Watch Netflix? Listen to Spotify? Then you love capitalism and can't stand big government. How do we know? Jared Meyer of the Foundation for Government Accountability explains.
Is capitalism moral or greedy? If it's based on greed and selfishness, what's the best alternative economic system? Perhaps socialism? And if capitalism is moral, what makes it so? Walter Williams, a renowned economist at George Mason University, answers these questions and more.
What is democratic socialism? What makes it different than regular socialism? Has it been tried? Could it work in the United States? Comedian and political commentator Steven Crowder, host of Louder With Crowder, explains.
Cultural depictions of capitalism are almost all negative. There's the Monopoly guy with the top hat and cigar. There's Gordon Gekko saying, "Greed is good." And, most recently, there's the hedonism of the "Wolf of Wall Street." The message is clear: capitalism is selfish. Socialism, or something like it, is selfless. In fact, the opposite is true. Renowned social critic George Gilder offers this startling insight: capitalism, at its core, is first an expression of altruism, that is, of giving. An entrepreneur can only succeed by satisfying a customer's need. This is why capitalism, and only capitalism, can create the prosperity that all societies crave and why all other economic prescriptions are doomed to failure.
Is Bernie Sanders right? Are people living under socialism better off? Brazil is a good case study. Felipe Moura Brasil, a journalist and Veja magazine columnist, explains how his country has fared under socialism.
Did you know that since 1970, the percentage of humanity living in extreme poverty has fallen 80 percent? How did that happen? Arthur Brooks, president of the American Enterprise Institute, explains.
Which is better: socialism or capitalism? Does one make people kinder and more caring, while the other makes people greedy and more selfish? In this video, Dennis Prager explains the moral differences between socialism and capitalism, and why anyone who wants a kind and generous society must support one and oppose the other.
Does free enterprise hurt the poor? Is it unfair and driven by greed? Did it cause the Great Recession? In five minutes, Arthur Brooks answers these questions and more about capitalism.
The rich are getting richer, and the poor are... also getting richer. What's driving this wealth creation process? In this video, Daniel Hannan explains why it is capitalism — and capitalism alone — that has led to the unprecedented enrichment that is the central fact of Western life.
Built into the foundation of free enterprise is a promise. It's a promise that no other economic system offers. This promise has a great deal to do with your sense of well-being, that is, your happiness. George Washington, Thomas Jefferson and Alexander Hamilton understood this. So does renowned social scientist, Arthur Brooks. In five minutes, he explains how happiness and free enterprise are marvelously entwined.
Why is America the world's richest nation? Is it mostly because of the government, or is it thanks to entrepreneurs and businessmen? Historian Burt Folsom of Hillsdale College explains.
Is profit a dirty word? Would the world be better off without them? Or are profits progressive -- the only thing that can move potatoes from Idaho to Manhattan and medicine from America to Africa? Professor and economist Walter Williams explains.
Was America once socialist? Surprisingly, yes. The early settlers who arrived at Plymouth and Jamestown in the early 1600s experimented with socialist communes. Did it work? History professor Larry Schweikart of the University of Dayton shares the fascinating story.