Capitalism hasnt had much good press lately, and when it comes to the movies capitalism never seems to get a fair shake. In the movies, capitalists are almost invariably cast as villains. Has someone been murdered? Are the residents of a small town dying of cancer? Is an environment being despoiled? Look no further than the CEO of some large corporation. Quick, name as many movies as you can that feature capitalists as heroes. Batman Forever and Iron Man do not count. There are a few (The Edge, Youve Got Mail), but its a short list. Now name as many movies as you can that feature mass-murdering corporations and corporate villains? That one is easy: The Fugitive, Syriana, Mission Impossible II, Erin Brockovich, The China Syndrome and Avatar, to name only a few.
|Alexander Tabarrok is Senior Fellow at the Independent Institute, Assistant Editor of The Independent Review, and Associate Professor of Economics at George Mason University. He received his Ph.D. in economics from George Mason University, and he has taught at the University of Virginia and Ball State University. Dr. Tabarrok is the editor of the Independent Institute books, Entrepreneurial Economics (Oxford University Press), The Voluntary City, and Changing the Guard.|
The fear of litigation reduces innovation, drive physicians and manufacturers out of lawsuit-prone specialties, and increase manufacturing and consumer costs. In the courts, data from thousands of cases all over the country demonstrate that tort system awards are driven by political factors such as judicial elections, jury compositions, and the location of courts themselves.