In a provocative piece,“Government-backed monopolies, an essential part of capitalism,” from Oct. 24, Cal Abbo responded to arguments from both of us about the source of problems in the healthcare industry. We blamed poor government policy; he ultimately blames profit-seeking and, and as a remedy, seems to advocate replacing capitalism. Widening in scope beyond the...
The failures of the American healthcare system aren’t a symptom of government intervention or imperfect competition. They are a necessary feature of the capitalist system and profit-seeking in the private economy. On Oct. 17, the Collegian published an Op-Ed by junior Trevor Vogel and a letter to the editor by Christopher Martin, associate professor of...
During the Catholic Church’s 40 days of Lenten sacrifice, I broke all the rules. I gained weight, ate out more, and indulged in a new guilty pleasure as I went on a quest to find the fast food industry’s best fish sandwich. According to a survey by Christianity Today, fast food placed ninth on a...
For Fred Smith, economic freedom requires dollars and sense. In a presentation hosted by PRAXIS, Hillsdale’s economic club, Friday, Smith, founder of the Competitive Enterprise Institute, explained that intellectuals and businessmen should cooperate to cause change in a political environment that is often hostile to free market principles. “We can’t expect capitalism to survive if...