Society and Culture

Anti-capitalists fail to grasp economic reality


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In an op-ed for The Spectator, IEA Director of Communications Annabel Denham wrote about how the political landscape has reduced the economy to a secondary issue, with culture being a primary concern for those on the left.

However, cultural issues such as ‘structural racism’ and environmentalism peddled by those on the left still underpin an anti-capitalist dogma. Annabel argued: “If you listen to culture warriors in the media they have a very particular understanding not just of how the economy works but why our current system must be overthrown“.

Groups like Extinction Rebellion are attempting to bring down the capitalist system, yet fail to understand the good free markets have done for the environment. Annabel said: “The carbon footprint of a company or industry doesn’t depend on whether it is privately or state-owned. Where we have direct comparisons, capitalist economies are superior to socialist economies in terms of their environmental record”.

Read the full article here.



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