No equality in capitalism, except for the freedom of pursuit
Capitalism is all about earning as much as one can in capital gain at the expense of someone else. The assumption is that the playing field is fair. Everyone knows that the starting position is most unfair. Some people have a head start way down the track; others are weighted by anchors, others run a much longer route, while others have a short one.
So really, capitalism isn’t about fairness or equality, and it truly is out of step with democracy and the pursuit of life, liberty, and happiness by most.
“Academy on Capitalism still has strong ties to UI campus
Sun, 07/18/2010 - 10:00am | Julie Wurth
URBANA – Almost two years after it publicly parted ways with the University of Illinois, the Academy on Capitalism and Limited Government fund retains strong ties to campus.
Now a nonprofit corporation, the academy nonetheless remains a "donor-directed fund" of the UI Foundation, sponsors activities on campus and uses the UI's name in its fundraising.
This "hybrid" status, as faculty critics put it, has revived lingering concerns about university autonomy and research integrity that date back to the academy's launch in July 2006 under then-Chancellor Richard Herman.
In one of his last official acts as interim president, Stanley Ikenberry issued guidelines clarifying how grant proposals could be funded through the academy – essentially requiring them to go through a standard campus review.
"There was a simultaneous representation of the academy as being independent of the university and affiliated with the university," said Professor Joyce Tolliver, chair of the campus Senate Executive Committee, which had asked Ikenberry to address the issue. "We have no problem with a supporting organization existing in order to support the university, as long as it responds only to initiatives from the University of Illinois. They wanted it both ways, it seems to us."
Backed by conservative donors, the academy was created to support the research and teaching of free market capitalism, limited government, entrepreneurship, and individual rights and responsibilities. Its first official event was a fall symposium with speakers such as Steve Forbes and Robert Novak.
The academy was set up as a fund within the UI foundation, rather than a UI college or department, raising faculty questions about academic freedom and shared governance.
Faculty leaders argued that the academy's initiatives should go through the same process as other grant proposals on campus, which involve faculty and administrative review, to ensure academic integrity. Some feared the academy would go from sponsoring research or classes to dictating research and offering classes.
As originally constituted, the academy posed a danger to "institutional neutrality" and "institutional autonomy" – the ideas that a public institution should have the freedom to make academic decisions and "should not be propagating the views of its donors," Tolliver said.
Herman appointed an advisory committee to address those concerns and work with donors. But after months of negotiations the two sides were unable to agree on the issue of faculty-vs.-donor control, so the original agreement creating the academy was terminated in October 2008.
The idea was that the academy would dissociate itself from the university so it could "do whatever it wants," said Tolliver, a member of the advisory committee.”