Liberal Capitalism Around the Web

It's been a while since I Googled "liberal capitalism," so today I did a few searches and found some interesting tidbits around the web. First up is an unfinished, undated site by one Fred Zimmerman, who uses premises based in game theory to argue that the combination of American political egalitarianism and free markets are responsible for America's success:

America’s egalitarian economic policies have encouraged the distribution of wealth and the rise of the middle class as much as the Industrial Revolution. In modern times this policy has been further optimized using the mathematical modeling of game theory. Game theory views economic activity as a game with players in categories defined as consumers, labor, investor and business. Each player takes on individual strategies to optimize their game performance. Game theory modeling proves the principle that equal economic players operating on a level playing field have the highest long term economic growth. Liberal Capitalism is the philosophy that government must be proactively involved to keep the playing field level, to act as an impartial referee if you will. Government’s goal is to keep the minority of players from pursuing predatory strategies with minimum interference with the majority of players’ normal competitive strategies.

Although Fred proposes some policies which I believe to be wrong-headed, such as higher minimum wages imposed by government, he's definitely on the right track. I hope he reads some Hayek and finishes his site.

Next is a shiny new blog by a fellow named Matt, The Liberal Capitalist. Although he's only been blogging since the end of February, he has some informative posts up regarding inflation and oil prices:

Oil in terms US dollars has increased in price by 275% since March 21, 2003. Oil in terms of Euros has increased only 166%. Therefore, at least 34% in the increase in the price of oil in the United States can be explained by the dollar losing value relative to other currencies.

So far it seems that Matt's liberal capitalism is very nearly what we're pursuing here at LiberalCapitalist.com, so we're looking forward to seeing more from Matt.

And finally I found an excellent article from last summer in what very well may be Australia's version of Reason Magazine, Policy:

In earlier ages, the struggle between liberal capitalism and competing ideologies revolved around the question of which could best provide for the prosperity and economic growth of society.

History has delivered an unequivocal verdict on this question. Over the last two hundred years, the societies that have surged ahead in economic development have been those adopting liberal capitalist systems and open trade. The argument that central planning and government intervention are needed to promote growth has been comprehensively defeated—so comprehensively, in fact, that stubborn proponents of competing ideologies have been forced into an embarrassing U-turn. It is perhaps the ultimate testament to the success of liberal capitalism that the only way its opponents can now muster an objection is to spurn and condemn prosperity itself.

Definitely read the rest; this document may well belong in our Canon. And speaking of which, if you're a liberal capitalist and you've written about something you think is important or helpful to the liberal capitalist cause, email it to admin (atsymbol) liberalcapitalist.com and we'll consider publishing it on this site.