Economics

Is Capitalism All About Greed?

You’re in a conversation and someone says, “Capitalism is all about rewarding greed.” What would you say? When many people think about business people in a market economy, they think of characters in movies – like Ebenezer Scrooge, or the bankers in “Mary Poppins,” or Gordon Gekko in the movie “Wall Street.” These stereotypes reinforce

Should We Try to Erase Economic Inequality?

You’re in a conversation and someone says, “In America, the richest 1% have 40% of all the wealth. This kind of inequality shouldn’t be tolerated.” What would you say? The wealth gap between the upper class and everyone else is almost always framed in terms of inequality and fairness. But that doesn’t present the whole

Capitalism Only Benefits the Rich?

You’re in a conversation and someone says, “Capitalism only benefits the rich, not the middle or lower classes. And when the rich get richer, the poor get poorer.” What would you say? Though people have different ideas of what capitalism means, Merriam-Webster’s dictionary defines it as “an economic system characterized by private or corporate ownership

Socialism is the Answer

You’re in a conversation and someone says, “Socialism ensures a just and equal society. The only way to guarantee a basic standard of living for everyone is by adopting a socialist system.” What would you say? At some point, we all look around at the problems in our society and wonder if there’s a better

Jesus Was a Socialist

You’re in a conversation and someone says, “Jesus was all about helping the poor and needy. That means Jesus was a socialist!” What would you say? It’s true that during his earthly ministry Jesus cared for the poor, the sick, and the marginalized. It’s also true that some proponents of socialism also care about the

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