Economic Policy

Sun, 11 Oct 2026 20:59:14 -0400

Markets do useful things. They let people try ideas, discover demand, build businesses, and challenge the established way of doing something. Competition can reward better products and make failure less permanent. None of that requires believing that whatever makes the most money must be good for society.

The “greed is good” version of capitalism turns morality on its head. It says extracting more value for an owner is sufficient justification for a business decision, even when the costs land on workers, customers, communities, or the environment. Greed is instead a deadly sin, but you needn’t delve into Judeo-Christian ethics to discover how harmful it is. Competition drives people to do better for themselves and for society, but unregulated capitalism actually distorts competition and rewards rent-seeking behavior.

Capitalism on The Solutions Are Known

Economic Policy