Capitalism Is a Blessing

"Editors and academic scholars took part in a debate focusing on the ideologies of capitalism and socialism. Reason.com editor in chief Nick Gillespie and Reason Magazine editor in chief Katherine Mangu-Ward argued in favor of capitalism. In contrast, Jacobin Magazine editor Bhaskar Sunkara and New York University sociology professor Vivek Chibber, argued in favor of socialism. New York Times columnist Michelle Goldberg moderated the event held at Cooper Union Great Hall in New York City."

The World Bank's overview and fact page on poverty, including The World Bank's poverty eradication goals leading up to 2030.

"Socialism’s critics say it weakens work ethic; those with positive views say it fosters equality"

"There is a near totalitarian “progressive” dogmatism on some campuses that, like its Marxian ancestor, views everyone to their political “right” as agents or apologists for exploitation and oppression. These new ideologues believe that individualism, capitalism, and an impartial rule of law based on equal rights (not privileges) are a smoke screen to delude the masses into accepting abuse by businessmen and the privileged."

"Capitalism has been blamed for the bad behaviour of the banks – which is akin to blaming democracy for voter fraud"

Employers and economists dicuss the slowing down of job creation in February 2019, the unemployment rate, the need for more employees across the country, and what that means for job seekers with or without experience in the field.

"Ingenuity, not capital accumulation or exploitation, made cotton a little king."

"The countries with the most freedom are those with the highest environmental quality. There does not seem to be a trade-off between environmental quality and economic development — rather, it shows the opposite."

"Politicians and reporters often rail about 'the rich getting richer and the poor getting poorer.' But John Stossel explains it's not true."

"It is widely believed that China’s success is based on a uniquely Chinese “third way,” a political and economic model that occupies the ground between capitalism and socialism. According to this interpretation, China is successful because the state continues to play an important role in the Chinese economy. But this interpretation is wrong."

"A growing number of academics are claiming that economic growth must stop because the planet is crossing environmental boundaries, and inequality between humans is increasing. They are wrong on both counts, and their agenda is a recipe for keeping poor people poor."

"'Today, the top one-tenth of 1 percent of the population’s net worth is equal to the bottom 90 percent combined. In other words, a big giant wealth gap.'" Billionaires Ray Dalio and Warren Buffett discuss the wealth inequality gap in the United States.

Extracted from his monologue on "Tucker Carlson Tonight" in January, Carlson criticizes Mitt Romney's political views, practices, and the economy at large.

"A new report from Oxfam puts Walmart above Amazon-owned Whole Foods on workers' rights issues throughout the supply chain."

"The New York Times is right that slavery made a major contribution to capitalist development in the United States — just not in the way they imagine."

Reeves breaks down capitalism's recent history, defines late capitalism, and the effect that late capitalism has on workers.

"The world's billionaires became 12 percent more wealthy last year, while wealth for the poor half of the world's population declined by 11 percent, according to a new Oxfam study. Paul O'Brien, vice president of campaigns at Oxfam, joins CBSN's Tanya Rivero with more details."

"The Soviet Union disintegrated, Xi Jinping said when he became the leader of the Chinese Communist Party seven years ago, because its leaders changed their ideals and beliefs too quickly and too radically."

"Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale."

"Our flawed measures of inflation understate wealth and improvements in consumer well-being."

"The countries with the most freedom are those with the highest environmental quality. There does not seem to be a trade-off between environmental quality and economic development — rather, it shows the opposite."

Andy Puzder of Fox News argues the benefits of a capitalist market without the restrictions and regulations put in place by the Obama administration.

"His policies coddle fellow oligarchs while leaving ordinary people at the mercy of the free market."

"The senator from Massachusetts’s strong primary campaign suggests that ideas still matter"

"Maybe Trump and Warren should team up for their 2020 run to make room on the ballot for better ideas."

"More than 157 million Americans are part of the U.S. workforce, and many of them (but not all) will spend the Labor Day holiday weekend away from their desks, assembly lines and checkout counters. As we mark the day, here’s what we know about who American workers are, what they do and the U.S. working environment in general."

"Chicken is the most popular meat in America, and the poultry industry is booming. But workers on the processing line do not share in the bounty. Poultry workers 1) earn low wages of diminishing value, 2) suffer elevated rates of injury and illness, and 3) often experience a climate of fear in the workplace."

"A lack of wellness in the labour force is estimated to cost the global economy between 10 to 15% of global GDP. In the US alone, work-related injuries, illnesses and stress, and workers’ disengagement are estimated to cost the economy more than $2.2 trillion a year."

"Job-hopping increases, in possible boon to wage growth and productivity"

"Capitalism is improving workers’ lot faster than it has in years, as tight labour markets enhance their bargaining power. The zeitgeist has lost touch with the data."