capitalism

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Socialism doesn’t equal social justice, or vice versa

(By Sosamma Samuel-Burnett, Centennial Fellow) In November 1989, I was a junior at the School of Foreign Service at Georgetown University. I had come of age during the Cold War and the world was evenly

The Democrats’ Pope Problem

(By Donald Devine, '76 Contributor) Sure, the mainstream media has spent its time highlighting Francis’ Republican snares — on immigration, the environment, the death penalty, and market economics. But Republicans were at least consoled by

The pope and Sanders: misguided economic missionaries

(By Melanie Sturm, '76 Contributor) If only Pope Francis were in my Buenos Aires taxi last Christmas. I could have used his moral authority (and Argentine-accented Spanish) in negotiating with a driver who’d forgotten the

A Libertarian view of Francis’ Laudato Si

(By Donald Devine, <em>'76</em> Contributor) Pope Francis’ encyclical Laudato Si (“Be Praised”) has been acclaimed by the international media as a call to action on global warming, to combat its threat to world survival. It

Jay Ambrose: Isn’t it time to pick on Piketty?

It can happen, I suspect, to any of us. Someone comes along with major thoughtfulness, lays it out in an enticing book that happens to lend aid and comfort to our ideological druthers, and we shout its praises and sneer at those who don’t.

The Judeo-Christian Worldview and Economics

   Socialism embodies a lust for power based upon the deceit by man of man. Capitalism embodies a lust for wealth based upon the service by man to fellow man. Socialism concentrates power and wealth for a few. Capitalism diffuses power and wealth for many. These two opposing systems hold the promise of blessings or curses to the nation that adopts them. It is the imperative of ethics (oughtness) rather than the indicative of morality (what is practiced) that elevates the fate of a nation. A nation can not expect good if it is not itself good. The choice between capitalism and socialism is an ethical one.

Health care the capitalist way: Part 3

(Regis Student) In an arrogant display on Christmas Eve morning, the U.S. Senate gave the American people a big, dark piece of coal when it passed a massive healthcare package that simply does not address the primary problem with our system: skyrocketing costs. According to the non-partisan Congressional Budget Office, premiums would rise by as much as $2,000 for a family policy. The government’s Centers for Medicare and Medicaid Services assert a 5.1 percent increase in healthcare-to-GDP spending (to 21.1 percent, currently 16 percent) with reform compared to a 4.8 percent increase by doing nothing.