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Capitalism is an Information and Learning System

Many free market advocates view capitalism as a system as dominated by incentives, with economic agents treated as inhabitants of a Skinner box driven by rewards and punishments. But, in fact, capitalism is an information and learning system governed by information as entrepreneurial surprise. Wealth is knowledge; growth is learning; money is real and reflects the abiding scarcity of time. The source of all progress is human creativity, which always comes as a surprise to us, joining information and enterprise. For a complete list of speakers, topics, and dates of the Free Markets: The Ethical Economic Choice speaker series visit heritage.org/free-markets.

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7/31/2020

Re-Designing the Marine Corps for Future War: Necessity or Madness?

General David H. Berger, Marine Corps Commandant, is aggressively pushing a dramatic redesign of the Corps for future war incorporating new missiles, advanced sensors, unmanned platforms, and hypervelocity weapons. HisForce Design 2030effort has drawn enthusiastic support from those who agree that the Corps must change to remain relevant on a more lethal battlefield. But it has generated an equally fervent amount of criticism from others who think the effort is overly focused on China—rendering the Corps irrelevant across a range of other potentially more likely scenarios. To achieve its vision, the Corps is doing away with tanks, reducing conventional artillery, shrinking units, and placing new demands on the Navy, already struggling to modernize its fleet. But it is adding anti-ship missiles, doubling-down on unmanned systems, and reenergizing a profound discussion about the importance of naval power.Will a redesigned Corps make it irrelevant for land operations against conventional militaries of larger state powers or irregular forces like terrorist groups? Or are General Berger’s designs essential to America’s future ability to conduct nearly any military operation in any theater against a host of potential enemies?Join us for an in-depth conversation about all of this with nationally recognized experts who hold informed opinions on both sides of this issue: Dr. Frank G. Hoffman, Lt. Col. USMCR (Ret.), Distinguished Research Fellow at the National Defense University, and Mark F. Cancian, Colonel, USMCR (Ret.), Senior Advisor, International Security Program, Center for Strategic and International Studies.