Although the American economic system has undergone significant change since colonial times, there are identifiable threads running through the centuries-long narrative. Chief among these are the ...

Forbes contributors publish independent expert analyses and insights. Adam writes about state and local policy and urban economic issues. MIAMI, FL - NOVEMBER 24: Jaime Vado fixes a display in the ...

Forbes contributors publish independent expert analyses and insights. Author, professor and founder. Deeply curious about leadership. Churchill once quipped that democracy was “the worst form of ...

To Thomas Carlyle, it was “one of the shabbiest gospels ever preached”. Adam Smith was an early fan, but was still suspicious of those who practised it. Rosa Luxemburg thought it fuelled imperialism ...

The following is an excerpt from “Socialism and the Democratic Party: The Case for a Return to Moderated Capitalism,” published by RealClear Publishing/Amplify Publishing Group, April 2026. At this ...

The reading public now has available a large number of books on the ills of our society and economy. Most of them use, as a focal point, something called “capitalism.” The term began life as an ...

If capitalism had been overthrown as quickly as Karl Marx and Friedrich Engels had at first expected, John Cassidy’s sprawling “Capitalism and Its Critics” would have been shorter and easier to write, ...

The term “late capitalism” seems to be everywhere as a trending meme – often used as a kind of shorthand to illustrate the absurdities of certain free market economies. On Twitter, you will find the ...

Though admirable as a humanist ideal, study after study has shown that in the real world socialism doesn’t work very well. Sadly, it leaves the work force insufficiently motivated to put forth its ...

Watching the Sunday morning talk shows last week, I found myself sympathizing with Henry Paulson. It's not that the Treasury secretary needs me to feel his pain, though he did look completely ...