Let People Prosper

Vance Ginn, Ph.D.

What works best to let people prosper? Join leading free-market economist Vance Ginn, Ph.D. as he works to understand this question through weekly interviews with interesting people on Tuesdays and weekly economic updates on Fridays. His insights build on past lessons, being president of Ginn Economic Consulting, and contributing to more than 15 think tanks while formerly teaching economics in academia and serving as chief economist of the White House's OMB. Dr. Ginn is a Christian, husband, father of three kids, classical liberal, and rock drummer who resides near Austin, Texas.

  1. Why Capitalism is Still the Greatest Moral Engine for Human Progress | TWE 155

    3D AGO

    Why Capitalism is Still the Greatest Moral Engine for Human Progress | TWE 155

    Free-market capitalism remains the best system ever discovered for human flourishing. Yet political support for it is wavering — and that should alarm anyone who cares about prosperity and freedom. A recent Gallup poll on Americans’ views of capitalism and socialism found that just 54% of Americans now view capitalism favorably — the lowest level Gallup has ever recorded. The partisan breakdown is striking: Republicans remain strongly pro-capitalist, though support has softened. Independents now only narrowly favor capitalism. Among Democrats, fewer than half view capitalism positively, while nearly two-thirds view socialism favorably. The data reveal a hard truth: those of us who defend free-market capitalism are unlikely to persuade most Democrats anytime soon. Many Democrats appreciate the outcomes of capitalism — jobs, innovation, rising living standards — yet reject the label itself, often associating it with inequality, corporate favoritism, or cronyism. That means the task before us is bigger than winning a policy argument. It’s about reclaiming the moral case for capitalism. In today’s episode of This Week’s Economy, I lay out that moral case, explore why criticisms of capitalism are gaining traction, and discuss how we can renew support for the system that has lifted more people out of poverty than any other in history. Tune in to the full episode on YouTube, Apple Podcast, or Spotify, and visit my website for more information about Ginn Economic Consulting and show notes.

    16 min
5
out of 5
32 Ratings

About

What works best to let people prosper? Join leading free-market economist Vance Ginn, Ph.D. as he works to understand this question through weekly interviews with interesting people on Tuesdays and weekly economic updates on Fridays. His insights build on past lessons, being president of Ginn Economic Consulting, and contributing to more than 15 think tanks while formerly teaching economics in academia and serving as chief economist of the White House's OMB. Dr. Ginn is a Christian, husband, father of three kids, classical liberal, and rock drummer who resides near Austin, Texas.

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