A Discussion of Thomas D. Simpson’s Capitalism versus Socialism “Preface” Some years ago the author of the next book I am going to discuss, Thomas D. Simpson, was asked to give a talk about the different economic systems and which were most compatible with biblical teaching. Out of the research for that talk,…
Tag: Marxism
Why We Bite the Invisible Hand
The Deep, Dark Roots of Politics: Using Others to Help Ourselves
A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 13 “The Chimpanzee in the Room: Darwinian Politics” In an earlier chapter, Foster has discussed the origins of the instinct to trade. While trading seems natural to people, the disconnected and abstract modern economic system today challenges our…
Why We Bite the Invisible Hand
Rand’s Front Row Seat to the Russian Revolution Created her Commitment to Individualism
Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 5 “The Passion of Ayn Rand” I am not sure how I ended up reading, We the Living, but I am really glad I did. It was the first novel Ayn Rand wrote but it was not…
Why We Bite the Invisible Hand
When Privilege met Narcissism, Marxism was Born
Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 4 “Dark Satanic Minds” Last blog, we learned about one of the Utopians, Robert Owen, that rose up to challenge capitalism because of all the social upheaval wrought by industrialization. A more famous challenge, and one that persists…
Why We Bite the Invisible Hand
The Authoritarianism Inherent to Owen’s Utopia
Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 4 “Dark Satanic Minds” Soon after capitalism was born a couple of hundred years ago, the anti-capitalist movement begins. Specifically, Foster discusses in this chapter Karl Marx and Friedrich Engels’ call for communism and lesser-known Robert Owen’s call for a…
Why We Bite the Invisible Hand
Grave Inequality: Smith’s Final Resting Place Lost to Government Run Obscurity While Marx Generates Profits
Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 2 “The Sage of Kirkcaldy” In the first part of my discussion of this chapter, we looked at what Peter Foster told us about Adam Smith’s life and the developoment of his ideas that we know today…
Why We Bite the Invisible Hand
Adam Smith Would Be Surprised to Learn People Think He Supports Greed
Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 2 “The Sage of Kirkcaldy” In this chapter, Peter Foster follows Adam Smith through the years as he developed his ideas that were enshrined in his two books, The Theory of Moral Sentiments in 1759 and The Wealth of Nations in…
Why We Bite the Invisible Hand
Why is Our Culture Hostile to Capitalism?
Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 1 “Cardboard Cut-out Capitalism” The title of journalist Peter Foster’s book definitely captured my attention: Why We Bite the Invisible Hand. The invisible hand is a metaphor from Adam Smith that we use in economics to describe how the economy…