Products – The Centre for Independent Studies

The Morality of Capitalism

James Q. Wilson
15 October 1997 | OP62
The Morality of Capitalism

Capitalism is winning the economic battle all over the world. The collapse of socialism has left it without serious challenge as a wealth-creating system. But moral criticism of capitalism continues. Even its defenders often deny that it has any moral foundation, or worry about whether its success puts important moral values in jeopardy. James Q. Wilson believes that the moral concerns about capitalism are unfounded. He argues that capitalism depends upon important moral values for its success, and in its turn helps to reinforce those values. He also explains that one of the virtues of capitalism is the way it empowers its critics. Only capitalism allows institutions to develop by which problems can be identified and corrected. Professor Wilson admits that we may not like all of the things capitalism produces, but he argues that this is just

Human nature revealing itself – capitalism is the system that lets people produce what they want.

Latest Publications

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08 July 2021 | OP182

Addressing the Centre for Independent Studies, Noel Pearson outlines his insights and observations from decades of experience supporting education in remote majority Indigenous communities. He outlines the 6C Education model — Childhood, Class, Club, Culture, Civics, Community — adopted at Good to Great Schools, the organisation he co-Chairs, and the critical role played by teacher-led, direct instruction. Noel argues that…

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Afghanistan on the brink of an abyss
William Maley
01 July 2021 | OP181

Australia’s recent closure of its embassy in Kabul, and the withdrawal of all US forces from Afghanistan after 20 years by 11 September 2021, casts a deep shadow over Afghanistan’s future prospects. In this paper, leading expert on Afghanistan, William Maley, examines the implications of the US withdrawal. He discusses how the ‘peace process’ that was supposed to flow from…

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This paper aims to provide a catalyst for the actions needed to address the crisis of Indigenous suicide. It begins by examining a major barrier to addressing Indigenous suicide—the politicisation not only of Indigenous suicide, but all Indigenous issues—before discussing some of the likely causes of suicide, and factors that make Indigenous suicide qualitatively different from non-Indigenous suicides. It then…

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11 February 2021 | OP179

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The New President: What Biden’s Foreign Policy Agenda Means for Australia
Salvatore Babones
19 January 2021 | OP178

Joe Biden comes to the presidency amid great expectations for a return to normalcy in American foreign policy, but that doesn’t necessarily mean a more benign international environment for Australia. The United States has global priorities and responsibilities, but there are three areas in particular where the Biden administration’s policy choices are most likely to affect Australia: China policy, climate…

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