Capitalism

In a world characterized by genuine uncertainty rather than mechanical predictability, analytic reasoning provides a form of epistemic certainty that empirical observation alone cannot secure.

For more than two centuries, the doomsday crowd has claimed that capital development will create mass unemployment. And for two centuries, they have been wrong. The same goes for artificial intelligence.

Thanks to massive government intervention, modern capitalism hardly reflects the free market economy built up by entrepreneurs. What matters now in the business world is the access to those with political power.

A growing chorus of technologists and futurists now argue that scarcity is ending. The future may be post-old-scarcity but it will not be post-scarcity.

Dr. Peter Klein explores whether AI can ever replace human entrepreneurs and central planners, arguing from Mises’ calculation problem that even “thinking machines” can only mimic, not originate, the real-world judgment and ownership that markets require.

Whatever positive economic changes the Milei government might have made in Argentina, the country is still not attractive for new capital investment.

AI is not the killer—it is the coroner.

AI is not the killer—it is the coroner.

The left has always attacked capitalism as being anti-social, but today much of the criticism of free markets comes from the right. Capitalism, they claim, breaks social bonds that hold societies together and it promotes wokeness. Dr. Wanjiru Njoya takes sharp exception to such claims.

The story of Anil Ambani destroys the belief that capitalism automatically favors the rich and excludes the poor. Once a billionaire, he made a series of bad business choices and the market punished those choices. Capitalism favors good choices.