Monthly Archives: August 2011

What Ended the Great Depression?

globe

Few historical events are more convuluted and filled with complete myths than the Great Depression, and the eventual recovery. Most high school students are told that capitalism caused the depression, FDR saved the economy, and eventually us getting involved in World War 2 ended the depression. Every one of these “facts” are completely false. In this short article series, we’ll take a quick, simple approach to each event and see what really happened in America during and after the great

Corporations Don’t Pay Taxes, People Pay Taxes

walmart

Capitalism Institute accepts articles written by anyone with an understanding of the topic they’re writing, regardless of whether they’re considered “experts” by society at large. We offer a platform to anyone with something to say about property and liberty. The following was written by Christopher Hill, a 16-year-old high-school debate student. If you’d like to write something for this website, click here. Taxation is one of the most misunderstood concepts in all of economics. Few people want to feel the

The Simple Reason Socialism Always Fails

Karl Marx Picture

Modern sociology is essentially based on the teachings of Karl Marx. Few people mention the man with such reverence as a professor teaching how societies interact, evolve, and function. In a typical sociology classroom, the students and professor will learn about class warfare, economics, the survival of the fittest, as well as plenty of examples where the rich are “exploiting” the poor. Karl Marx is considered the intellectual godfather of hundreds of thousands of professors, intellectuals, elitists, and anti-capitalists. He

6 Reasons Why I’m a Capitalist

tea party

A couple of months ago, I was with a group of radical anti-capitalists. They thought that government was the answer to life, the universe and everything. They thought that businessmen secretly cheat on their wives and beat their children, whereas the poor starving individual was heroically beaten down by the brutal financial leaders. Capitalists are tyrants and the poor are victims. This was their childishly oversimplified view. When I announced to them that I was a capitalist, they just gave

Why Warren Buffett Wants Higher Taxes

Barack Obama

Warren Buffett recently made another public claim that his secretary pays a higher tax rate than he does, and argued that capital gains and dividend taxes should be greatly increased. His main point was that he pays a lower tax rate than his secretary, and because of that we need to increase taxes. Warren Buffett doesn’t pay hardly any taxes from his personal portfolio for two reasons: he only owns only a handful of long-term value stocks, and almost never

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