Government And Business

The Garden of Eden Premise

The other day I was thumbing through an interesting book, Pursuing Liberty: America Through the Eyes of the Newly Free, which contains interviews with eight American immigrants. It really captured what I think is one of the most notable and admirable characteristics of immigrants to this country: how many of them come expecting to work for a better life. They value freedom, not because it makes life easy, but because it makes success possible.
Government And Business

Should America Aspire to Be Like Greece?

Wall Street executive Steven Rattner recently had a piece in the New York Times bemoaning rising inequality, and the fact that voters don’t seem to care about it. But we should care, argues Rattner: “Inflation-adjusted earnings of the bottom 90 percent of Americans fell between 2010 and 2013,” Rattner writes, “with those near the bottom dropping the most. Meanwhile, incomes in the top decile rose [by 2 percent].”
Government And Business

The Debt Dialogues [Episode 30]: Phil Birnbaum on Making Sense of Inequality Statistics

The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In past interviews, we have talked to experts on the research concerning inequality. In this episode, I interview statistician Phil Birnbaum on how to interpret the economic inequality statistics we hear reported in the news each day.
Government And Business

Just What Is a “Moral Case” for Capitalism, Anyway?

When Yaron Brook and I started working on our book Free Market Revolution, which offers Ayn Rand’s moral defense of capitalism, the idea that capitalism needed a moral defense was virtually unheard of. Today, it’s so common that I was able to participate in a contest for who could make the best moral case for free markets. (I suspect that most of the credit for popularizing this idea goes, not to us, but to AEI’s Arthur Brooks.)

Further Reading

Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
View Article
Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
View Article