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Socialism

Where Did Our Trust Go?

| April 7, 2020 | Blog Contributor

Where Did Our Trust Go?
In my previous blog post, I made the argument that a free market system relies on relationships of trust in order to coordinate the abilities of producers to serve the real needs and wants of consumers. However, there is a non-trivial sense in the American public...
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Camryn Zeller
Camryn Zeller was selected as a 2020 Blog Contributor for the Faith & Public Life blog and is a junior at Hope College where she studies economics, political science, and math.

Millennial Malaise: Why Young People Are Turning to Socialism

| October 20, 2017 | Economics, Politics

Millennial Malaise: Why Young People Are Turning to Socialism
“The post-­Cold War capitalist order has failed us,” declared Sarah Leonard, a senior editor at The Nation. Leonard recently wrote of “today’s under-35s,” pronouncing this demographic as economically distraught, and thus now “more in need of a robust leftist...
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Faith and Public Life
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Authoritarian Capitalism: Here to Stay?

| September 1, 2015 | Economics

Authoritarian Capitalism: Here to Stay?
In 1962, Milton Friedman questioned whether “democratic socialism” could exist. His answer was no—at least not in a sustainable way. Today, with the economic rise of countries like China and India that embrace capitalism but remain politically autocratic, we might ask...
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Tyler Castle
Tyler Castle is the director of AEI's Initiative on Faith & Public Life. He is a graduate of Westmont College and a former John Jay Institute Fellow.

These People Are Turning Waste into a Precious Resource

| August 7, 2014 | Economics

These People Are Turning Waste into a Precious Resource
In the debate over economic systems, a fundamental question exists: Is economics a zero-sum game? Generally, proponents of socialism tend to say yes. There is a fixed pie of wealth, so we should make sure that it is split evenly. Proponents of capitalism disagree....
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Tyler Castle
Tyler Castle is the director of AEI's Initiative on Faith & Public Life. He is a graduate of Westmont College and a former John Jay Institute Fellow.