Tagged: capitalism

Death to Capitalism! (Seriously)

In recent years, there has been an increasing undercurrent of discussion among conservative scholars and public voices about whether conservatism is theoretically hamstrung by the continued use of the term “capitalism” in mainstream political discussion. I wrote about this question six years ago, before it became something of a hot issue, and I’d like to reproduce my take on it below. A few...

The Profit Motive, Greed, and Tyranny

Our constitution was made only for a moral and religious people. — President John Adams, 1798 Is there some society you know that doesn’t run on greed? — Milton Friedman, 1979 In a famous 1979 interview, Phil Donahue challenged Milton Friedman to defend capitalism against the charge that it fosters greed. Friedman deftly parried that greed motivates men in all nations, not merely...