As Taibbi and Rolling Stone perceive, at least in this one narrow context, we all depend upon the internal moral structure of a civilized people. “The system assumes a certain minimal level” of internalized ethics. In a word, our democracy, liberty and free markets themselves depend on our culture. And those who seek to undermine the moral content of that culture strike at the roots of everything else we hold dear.
Tag Archives: Capitalism
The Art And Science Of Milton Friedman’s Rhetoric
February 6, 2010 – 10:25 pm
George Shultz liked to say of Milton Friedman that “everyone likes to debate Milton . . . when he leaves the room.”
Howard Dean: “We’re Going To Have Both Capitalism AND Socialism”
December 2, 2009 – 9:27 am
Really, these people are amazing:
Prosperity and Capitalism After the Berlin Wall
November 11, 2009 – 9:44 am
The fall of the Berlin Wall twenty years ago this week sparked the beginning of Eastern Europe’s move towards myriad different forms of capitalism. It’s surprising how quickly the next generation has forgotten the depths of communism, and for many of these countries, it’s incredible to see how far they’ve come in twenty years.
Capitalism and Culture: The War on Wall Street
October 16, 2009 – 8:25 am
Today’s Coffee and Markets podcast covers the debate over capitalism in America, particularly focusing on AEI President Arthur Brooks’ thesis about the way voters perceive the crisis and what it means for capitalism’s future.
“What’s Michael Moore Talking About?”
October 16, 2009 – 12:26 am
No one really knows, and as John Stossel makes clear, Moore’s utter confusion, and the plethora of contradictions that make up his supposed indictment of capitalism completely undermine the effectiveness (to the extent that there was any hope of effectiveness) of his latest cinematic project.
Jagdish Bhagwati Takes Joseph Stiglitz To The Woodshed
October 12, 2009 – 8:48 am
There are a great many economists who have chosen to embarrass themselves by triumphantly proclaiming that capitalism itself suffered some kind of death as a consequence of the financial crisis. Leading the Coalition of the Preening is Columbia economist Joseph Stiglitz.
Ethics and Economics: The Morality of Innovation
September 30, 2009 – 9:26 am
On Edmund Phelps: “When the word morality comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world’s resources or for investment bankers to earn large bonuses? And is it moral for financial markets to experiment with volatile derivatives that increase the potential for panics?”
Irony, Thy Name Is “Michael Moore”
September 25, 2009 – 9:21 pm
Q: What process did the infamous filmmaker rely on to produce his new film, which bashes capitalism?
- March 16, 2010 -
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