Fall 2019 · Issue 16
The Case for Capitalism
Making the system work for all

Making the system work for all
In this issue
The Debate Over Capitalism

Capitalism vs. Socialism is the Wrong Way to Frame Today's Economic Debate
Richard Reeves, Ryan Streeter
Ryan Streeter and Richard Reeves start from different points on the philosophical spectrum, but they share a common belief: The debate between capitalism and socialism is a false choice. They feel that Americans instead are searching for ways to express their frustration with the workings of capitalism today, not their support for socialism.

Millennials Want an Economy That Works Better and More Fairly — No Matter What You Call It
Carroll Doherty
The Pew Research Center asked Americans how they feel about and define “socialism” and “capitalism” — with insightful results.

Growing the Economy — Inclusively
Christie Myers, Maggie Parker
The nature of capitalism is competition — but not everyone begins at the same starting line. A focus on neighborhoods and community revitalization can provide solutions for economic growth.

Young Creatives Are Driving the Rise of the New Innovation Economy
S. Craig Watkins
Young people are coming of age during of significant change and transition — and are leading the way by bringing about new models of work, career, and entrepreneurship.

An Economy Where All Can Flourish
Abby M. McCloskey
While the current debate is primarily focused on capitalism and socialism, we should start with something we all agree on: human flourishing.
Capitalism and the World

Five Questions to Ask — and Answers to Know — About the U.S.-China Relationship
Henry M. Paulson, Jr.
An adversarial relationship with China, rather than a strategically competitive one, could have ripple effects throughout the U.S. economy.

Addressing U.S. Border Security through Economic Partnership with Central America
Matthew Rooney
Central America faces numerous challenges, but we should continue to partner with the region as leaders find solutions for long-term growth.

Capitalism is (Slowly) Winning Around the World
Robert A. Lawson
Liberalism — the view that places individual citizens at the center of power by combining democracy, human rights, and economic freedom — has delivered prosperity in every place it has been allowed to exist. Recent challenges from the far left (socialism) and the far right (nationalism) have slowed liberalism’s expansion, but reason for optimism remains.
Business Leadership

Capitalism and Social Good Can Co-Exist
Ken Hersh
Business models are adapting to include more than just monetary profit as a part of the bottom line. Effective leaders are needed to lead the charge in considering the needs of all stakeholders — including communities, employees, suppliers, customers, and shareholders.

Listening to Adam Smith, Gordon Gekko, and Dilbert: A Human Approach to Capitalism
Alexander McCobin
While capitalism faces criticism for failing to serve the people, the concept of conscious capitalism recognizes the benefits a system of free exchange has brought humanity over the last 200 years.
Creating Pathways

Immigrant Entrepreneurs Drive Main Street's Growth
Laura Collins
In cities and towns in all reaches of America, businesses started by immigrants are critical pieces of the fabric of our economy and communities.

Fast Times at Capitalism High: What Young People Need to Thrive
Anne Wicks
Critical to the American system are citizens that actively participate in its democracy. What do young Americans need to be prepared for our fast-moving capitalist democracy?

Why America’s Free Market Economy Works Better in Some Places than Others
J.H. Cullum Clark
Is America’s free market system working as advertised? Mostly yes, but it depends to a surprising degree on where you live.
