Commentary The following is an excerpt by Bruce Pardy from “The 1867 Project: Why Canada Should be Cherished—Not Cancelled,” a new book of essays by 20 Canadian critical thinkers edited by Aristotle Foundation president Mark Milke. Modern Western civilization grew out of the Enlightenment of the 17th and 18th centuries. The ascendancy of reason in…
Bruce Pardy: The Four Doctrines of the Apocalypse: Critical Theory and Our Compromised Institutions
June 27, 2023
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The Free Market as All-Purpose Scapegoat
Commentary The Sunday New York Times a week ago featured a lead, front-page article titled, “Failures of Globalization Shatter Long-Held Beliefs,” rattling off a litany that included COVID, Russia’s invasion of Ukraine, the Trump administration’s tariff-based pushback on China’s economic warfare against the free world, the 40-year-high inflation coinciding with President Joe Biden’s big-spending presidency, global…
Vivek Ramaswamy, ‘Shark Tank’ Host Mark Cuban Spar Over ‘Woke’ Capitalism
June 19, 2023
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Vivek Ramaswamy, a 2024 Republican presidential candidate, is warning that corporations that engage in so-called “woke” practices run the risk of alienating their customers and expanding the division among Americans. “When those businesses wade into social disputes, not only is that often bad for business . . . it’s bad for our civic culture in…
Is America Still a Capitalist Society? The Case for Letting the Market Speak
March 29, 2023
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Commentary In theory, America is a capitalistic society. One beautiful part about capitalism is that everyone gets to participate. If you create value, you get rewarded for it. If you invent something new and create a lot of value, you get rewarded handsomely for your effort. However, the flip side of living in a capitalistic…
Redefining Capitalism: The Chalmers Prescription
March 16, 2023
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Commentary The Australian Federal Treasurer, Jim Chalmers, recently published a 6,000-word essay, entitled “Capitalism after the Crises.” In it, he argues that it is Australia’s mission “to redefine and reform our economy and institutions in ways that make our people and communities more resilient, and our society and democracy stronger as well.” He advocates for…
North Korean Refugee Who Became Best-Selling Author: ‘Only in Capitalism Is My Story Possible’
Commentary In 2022 I had the opportunity to attend a two-day conference in Colorado hosted by the Objective Standard Institute. While there were many powerful speakers, the one whose story captivated me the most was that of Yeonmi Park, a North Korean defector who in 2007 managed to escape her totalitarian country at age 13…
Most Young Canadians Who Support Socialism Not Willing to Pay the Taxes That Go With It: Study
While two in five Canadians overall subscribe to the idea of socialism—with that number even higher for younger Canadians—few are willing to pay for the tax increases required to finance such a system, says a study by the Fraser Institute. Among 1,006 Canadians aged 18–34 surveyed, 46 percent of respondents picked socialism when asked “What…
‘China Changed Capitalism’: Sens. Rubio and Warner Sound Alarm on CCP’s Economic Threat
January 30, 2023
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A bipartisan duo of lawmakers is calling for greater efforts to curb the malign influence of China’s communist regime through protectionist measures. Sens. Marco Rubio (R-Fla.) and Mark Warner (D-Va.) appeared together for a joint interview on Jan. 29, where the two sounded the alarm on the Chinese Communist Party’s (CCP) efforts to undermine U.S….
Capitalism Is Broken If Record Profit Margins Don’t Revert
Commentary According to British investor and co-founder of the Boston-based asset management firm GMO, Jeremy Grantham, “Profit margins are probably the most mean-reverting series in finance. And if profit margins do not mean-revert, then something has gone badly wrong with capitalism.” While there are certainly many complaints that capitalism is “broken,” such is not the case. Yes,…
Home Depot Co-founder Fears Demise of Capitalism Amid Rise of ‘Woke’ Socialism
In the more than four decades since he co-founded Home Depot, 93-year-old Bernie Marcus has learned quite a bit about the economy and business in America, developing strong views about what works and what doesn’t along the way. In a recent interview with the Financial Times, the billionaire discussed those views, lamenting the current state…
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