Keyword: capitalism

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  • People’s Climate Summit Finds Culprit in Capitalism

    12/12/2014 1:18:20 PM PST · by Oldeconomybuyer · 23 replies
    Wall Street Journal ^ | December 12, 2014 | By RYAN DUBE
    LIMA, Peru — Wilfredo Saavedra, a former Marxist rebel, led a convoy of some 300 activists from Peru’s northern sierra, wearing an anti-mining T-shirt and Cuban baseball cap. Jim Chomicz, 70, from Birmingham, Alabama, flew here with a church group to learn more about melting glaciers. But for many of their Latin American counterparts, it is all about toppling capitalism, which they blame for the environmental degradation. “Capitalism is the creator of all of these changes to the climate,” said Mr. Saavedra. At a march this week, Ibis Fernández, a Peruvian union leader and organizer of the People’s Climate Summit,...
  • MSNBC Guests on 'Can't Breathe': Capitalism a Key Problem

    12/10/2014 4:02:40 PM PST · by governsleastgovernsbest · 58 replies
    NewsBusters ^ | Mark Finkelstein
    A segment on today's Ed Show was very instructive as to what lies not far beneath the surface for many in the current protest movement. Two guests, discussing Ferguson and Staten Island, agreed that a key problem in America is . . . capitalism. First up was Rosa Clemente, a "hip hop activist" and 2008 Green Party VP candidate: "Capitalism, I think that is the institution all over this country. It is really the oppressive force." Next, Georgetown Prof. Marcia Chatelain, who said that the current moment has revealed "an incredible critique of capitalism that it isn't just police brutality...
  • 20 Signs You Are Living in a Progressive Utopia

    12/04/2014 8:56:01 AM PST · by fredericbastiat1 · 11 replies
    TheBlaze ^ | 2014-12-14 | TheBlaze
    1) When the executive branch has effectively become the legislative branch 2) When the notions of secure borders and national sovereignty are considered thinly-veiled euphemisms for racial hatred 3) When justice means determining a person is guilty before seeing any evidence, then rioting, looting and destroying property when said person does not even make it to trial 4) When those who riot, loot and destroy property are considered freedom-fighters, and those who peacefully assemble are considered radical extremists ... 10) When countries like Egypt and the United Arab Emirates designate the Muslim Brotherhood as a terrorist organization, but yours does...
  • BREAKING: Meet The Rich White Guy Who Is Running the Black Boycott of Capitalism # Ferguson

    11/30/2014 3:54:57 PM PST · by george76 · 33 replies
    Got News ^ | November 30, 2014 | November 30, 2014 by Charles C. Johnson Shannon Knutsen
    There’s a white, rich dude running the black boycott capitalism movement known as United Blackout. His name is Michael Latt and he is the marketing director of United Blackout. “Control how Black money is spent and you win the game,” says United Blackout’s campaign video. And Latt seeks to deliver. ... Latt’s clearly following United Blackout’s advice. He lives the lifestyles of the rich and fabulous on his Facebook page. ... Latt developed the branding and marketing strategy and is the brains behind the website for the BlackOut for Human Rights campaign intended to encourage African Americans to boycott capitalism.
  • Marijuana Dispensaries Are Celebrating Black Friday, Too

    11/28/2014 2:08:30 PM PST · by 2ndDivisionVet · 17 replies
    Slate's Moneybox Blog ^ | November 28, 2014 | Laura Bradley, intern
    For shoppers of age in Colorado and Washington state, the most novel deal this Black Friday isn’t a gadget like the iPhone 6. If what they’re looking for is relaxation, they’re in luck: For their first Black Friday ever, recreational marijuana dispensaries in those states are offering some great deals on weed. “This is one of the first times in the nation that we’re going to be able to do such crazy discounts and specials on marijuana products, and have people 21 years or older be able to come in and join the festivities,” says John Satterfield, a distribution worker...
  • Economic and Religious Freedom: Mutually Reinforcing

    11/27/2014 2:49:24 AM PST · by Cincinatus' Wife · 5 replies
    American Thinker ^ | November 27, 2014 | Samuel Gregg
    If there is one thing we have learned over the past 6 years in the United States, it is the mutually reinforcing nature of different expressions of freedom. No form of freedom--religious, civil, political, or economic--is of course absolute. But unjust infringements (intentional or otherwise) on one freedom can easily result in damage being inflicted upon other spheres of freedom.This is indisputably true, for instance, of religious and political freedom. All totalitarian and most authoritarian regimes usually end up seeking to severely restrict religious liberty. Sometimes this is for ideological or religious reasons. Some religions, for instance, embody very weak...
  • CUNY Professor: Darren Wilson Symbolizes "Racist, Repressive Capitalism"

    11/26/2014 5:29:07 PM PST · by rightistight · 28 replies
    Pundit Press ^ | 11/26/14 | Aurelius
    Deirdre Cooper Owens, a "Queens College, CUNY" professor of History, has taken to twitter to voice her opinions on the decision of a grand jury not to indict officer Darren Wilson in the shooting death of Michael Brown. Dr. Owens states that Darren Wilson represents "racist, repressive capitalism" and that it is impossible for African Americans to receive justice in the United States. Professor Owens oddly does not mention any specifics of the case, or the mountain of evidence that shows that Brown was, in fact, the aggressor in his confrontation with Wilson. Instead, Owens denounces the United States and...
  • Happy Trails (Seavey Bids Adieu; Libertarian-Conservative Entertainment Podcast Continues)

    11/26/2014 11:13:29 AM PST · by OddLane · 3 replies
    American Rattlesnake ^ | November 26, 2014 | Gerard Perry
    All (good) things must come to an end, as the omnipotent, yet enigmatic, interstellar character Q pointed out to the crew of the USS Enterprise during a particularly harrowing flight. As in Gene Roddenberry-created science-fiction epics, so it is in the world of pop cultural podcasting, which is why this month marks the conclusion of my nearly year-long professional collaboration with my good friend Todd Seavey. Even though Todd is leaving for bigger-and hopefully more lucrative-endeavors, the Perry portion of Seavey and Perry on Culture will persist, as I cycle through a diverse cast of witty anarcho-capitalists willing to plumb...
  • Atheist Confession: “I like Pope Francis.”

    11/23/2014 5:16:06 PM PST · by 2ndDivisionVet · 26 replies
    Filipino Freethinkers ^ | November 23, 2014 | Dustin Celestino.
    I’m going to say something many of my fellow secularism advocates would probably not appreciate: I like Pope Francis. Why? I like Pope Francis because, in my opinion, he is more liberal than many liberals. American conservatives already hate him for his seemingly liberal position on many issues. He’s so liberal that Sarah Palin is actually taken aback by what she calls his “liberal agenda.” The Pope is so liberal that writer Damian Thompson, in an article he wrote for “The Spectator,” had to ask if we were in the early stages of a Catholic civil war. Apparently, even Catholics...
  • Capitalism Cataclysm

    11/22/2014 12:25:18 PM PST · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 11/22/14 | Dr. Brad Lyles
    Freedom Economics “Capitalism” is the cataclysmically inappropriate word we use to describe the most successful economic system in the history of the world. We must cease its use at once and forevermore. “Capitalism,” the word, maligns capitalism, the economic system. We must understand and accept this. No longer can we conservatives, we capitalists, remain purists about this term. The Left has won, and handily. They have contorted the word capitalism into a grotesque mockery of its true nature. Worse, having sullied the term, they have also sullied the concept. If the economic system of capitalism were termed something different than...
  • JetBlue to add fees, reduce legroom

    11/20/2014 9:55:24 AM PST · by SoFloFreeper · 31 replies
    wral.com ^ | 11/20/14 | David Koenig
    JetBlue will add bag fees and squeeze seats a bit closer together as it tries to boost profit. The airline said Wednesday that it will create three ticket classes beginning in the first half of 2015, and only the top two include at least one free checked bag. Other big airlines have added fees on checked bags since 2008, when they needed money to cover rising fuel costs. In the first six months of this year, U.S. airlines raised $1.7 billion from bag fees. JetBlue's decision will leave Southwest as the only major U.S. airline to let all passengers check...
  • A Strategy for Rich Countries: Absorb More Immigrants

    11/10/2014 3:20:03 AM PST · by Oldeconomybuyer · 35 replies
    New York Times ^ | November 8, 2014 | By TYLER COWEN
    Economic debate since the financial crisis and Great Recession has often focused on issues like monetary policy, fiscal stimulus, unemployment and financial regulation. Yes, these are all important, but in the future we will need to pay much more attention to a relatively neglected field: population economics. Developed countries that can absorb new immigrants at a modest cost should have relatively bright futures. They will help enable a rebalancing of population that will help the entire planet. In contrast, developed countries with relatively inflexible notions of national identity, and thus with strict immigration policies, may shrink in population and lose...
  • 'Thanks Joni'

    11/09/2014 6:20:58 AM PST · by IwaCornDogs · 18 replies
    Twitchy.com ^ | 11/9/14 | Twitchy
    'Thanks Joni': Hardee's CEO congratulates Senator-elect Ernst with new full page ad
  • Brilliant: Versions of capitalism in each country perfectly explained by using cows

    11/01/2014 6:17:43 PM PDT · by Beave Meister · 6 replies
    The Young Conservatives ^ | 11/1/2014 | Hannah Bleau
    I've seen other versions, but this version is pretty funny.
  • U.S. education department gets tougher on for-profit colleges

    10/30/2014 1:39:17 AM PDT · by SoFloFreeper · 21 replies
    Reuters ^ | 10/30/14 | Ankit Ajmera and Sagarika Jaisinghani
    The U.S. Department of Education will introduce stricter regulations next year in its latest attempt to improve the job prospects of those graduating from for-profit colleges and universities. Under new regulations unveiled on Thursday and effective July 1, for-profit colleges will be at risk of losing federal aid should a typical graduate's annual loan repayments exceed 20 percent of discretionary income or 8 percent of total earnings.
  • Who Mines The Dilithium?

    10/22/2014 10:26:03 PM PDT · by 2ndDivisionVet · 43 replies
    Hot Air ^ | May 15, 2009 | Doctor Zero
    One of my favorite little moments in the very entertaining new “Star Trek” movie comes when the young James T. Kirk activates the computer system of a car he swiped for a joyride, and the Nokia logo comes up. It’s nice to see Nokia’s still in business in the twenty-third century. Such simple touches help to humanize the Star Trek universe, which had drifted a bit too far from recognizable human experience for audiences to fully engage with its characters. The presence of a good old-fashioned corporate logo in the new movie put me in mind of a long-ago, free-wheeling,...
  • Sleepless Socialists in Seattle!

    10/19/2014 5:17:17 PM PDT · by xuberalles · 32 replies
    Self | 10/19/14 | Me
    Apparently asking $15 an hour for fast food workers isn’t enough so unappreciated socialists in Seattle are demanding the minimum wage be raised to a “paltry” $20 an hour. There are skilled and educated professionals who don’t command such a wage, not to mention soldiers facing death daily on the front lines of tyranny, but these hypocrites who religiously shell out $5 for a cup of Joe are demanding social justice because they feel slighted by more accomplished Americans? If radical leftists ever succeed in enacting such a law, and I believe it’s only a matter of time before they...
  • Ebola: Politics, Failure, And Opportunism

    10/19/2014 4:21:31 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | October 19, 2014 | Derek Hunter
    The Ebola outbreak has been a disaster in politics, but a boom for capitalism. Weird how that works, but it is how many things work. President Obama’s handling of the Ebola outbreak has been an unmitigated disaster. At first, he dismissed it. Then, he panicked and started canceling campaign and fundraising events to engage in the “optics” of being in charge. It was too late. With his indifference toward beheadings and terrorists attacks that killed ambassadors in the past, the president altering his heretofore unalterable schedule signaled a panic message to the American people. If there’s nothing to worry about,...
  • Hysteria over Ebola fuels racism, while the real disease is capitalism

    10/18/2014 2:20:57 PM PDT · by 2ndDivisionVet · 34 replies
    Press TV ^ | October 17, 2014 | Sonali Kolhatkar, TruthDig
    The Ebola crisis has gripped the American media, and by extension the imagination of the public, punctuated by breathless pronouncements from TV news reporters of the medical status of actual and potential victims of the disease; hysteria-inducing magazine covers, like this issue of Bloomberg Businessweek sporting the message “Ebola Is Coming” in blood- smeared letters; and Facebook feeds dominated by click-bait images of microscopic photos of the virus with eerie back-lit tangles of fat worms symbolizing the foreign bodies that could invade us all. But the foreign bodies of the Liberian man, Thomas Eric Duncan, the first person to have...
  • Poll: Americans are still individualists who love capitalism — but they think the future is dark

    10/12/2014 9:56:12 AM PDT · by george76 · 32 replies
    American Enterprise Institute ^ | October 10, 2014 | James Pethokoukis
    <p>Finally, just 40% think success is determined by forces outside out control vs. 51% for the average advanced economy.</p> <p>So Americans still have a great faith in the power of individual effort to make one’s own breaks and climb the ladder of success. At the same time, though, they are worried about what the future holds with just 30% confident that the next generation will be better off than the current one.</p>
  • Poverty

    10/11/2014 8:18:14 PM PDT · by Abakumov · 9 replies
    Creators.com ^ | October 11, 2014 | John Stossel
    Fifty years ago, President Lyndon Johnson declared “War on Poverty.” It sounded great to me. I was taught at Princeton, “We’re a rich country. All we have to do is tax the rich, and then use that money to create programs that will lift the poor out of poverty.” Government created job-training programs for the strong and expanded social security for the weak.... Johnson’s War brought further progress, but progress then stopped. It stopped because government is not good at making a distinction between needy and lazy. It taught moms not to marry the father of their kids because that...
  • Oil & Capitalism Will Stop Ebola

    10/01/2014 8:36:16 PM PDT · by PingPongChampion · 3 replies
    Poletical ^ | October 1st, 2014 | R. Rados
    The rising threat of Ebola has brought two things into perspective: capitalism and oil. Money and fossil fuels have reminded us that Ebola would have spread beyond Africa decades ago without them. As the virus spreads further than it ever has because of sociological and economic changes in Africa, we're quickly learning to appreciate the advancements that wouldn't have been possible without oil and capitalism. West Africa is more densely populated now than it was during the first Ebola outbreak in 1976. Roads, economic advancements and sprawling communities have changed the region significantly and contributed to the spread of Ebola....
  • Capitalism Is Clean(er) (Seattle's socialist Kshama Sawant married into Microsoft money)

    09/28/2014 3:55:58 PM PDT · by Libloather · 23 replies
    National Review ^ | 9/28/14 | Kevin D. Williamson
    Strange thing about Flood Wall Street, the financial-district protest that followed the People’s Climate March: Nobody had much to say about the climate — what they came to talk about was capitalism. “Stop Capitalism,” “End Capitalism,” “Capitalism Kills,” the placards read. Kshama Sawant, the socialist Seattle city-council member who funds her crusade against capitalism by being married to a man with Microsoft money, called for a “radical, militant” movement linking environmental concerns to such traditional socialist enterprises as heavy government intervention into targeted industries, including energy and transportation. Question: What happened to the environment the last time people with radically...
  • Bill Whittle: Socialism - The Loch Ness Monster of Politics

    09/26/2014 7:38:16 PM PDT · by servo1969 · 4 replies
    truthrevolt.org ^ | 9-26-2014 | Bill Whittle
    Hi everybody. I’m Bill Whittle and this is the Firewall. Ah, Progressives! You really have to – well, not admire them exactly – but if not admire them then at least grant them a grudging respect for the tenacity of their beliefs. Unfortunately for them, the Socialist utopia is a Cryptid, which, according to Wikipedia’s serviceable definition, is “a creature whose existence has been suggested but has not been discovered or documented by the scientific community.” Here’s another example of a cryptid: it’s called the Loch Ness Monster. Like the socialist utopia, the Loch Ness Monster requires a lot of...
  • Climate Movement Drops Mask, Admits Communist Agenda

    09/24/2014 6:36:11 AM PDT · by afraidfortherepublic · 23 replies
    PJ Media ^ | 9-23-14 | zombie
    Communists along with a few environmental groups staged a “People’s Climate Rally” in Oakland, California on Sunday, September 21, in conjunction with the larger “People’s Climate March” in New York City on the same day. Wait — did I say communists? Isn’t that a bit of an exaggeration? Well…no. At the New York event, many people noticed that gee, there sure are a lot of communists at this march. But in Oakland — always on the cutting edge — the entire “climate change” movement at last fully, irrevocably and overtly embraced communism as its stated goal. Any concerns about “optics”...
  • US Cracks Down on Companies Moving Overseas

    09/22/2014 4:15:26 PM PDT · by Oldeconomybuyer · 98 replies
    ABC News ^ | September 22, 2014 | By JOSH LEDERMAN and JIM KUHNHENN
    The Obama administration cracked down Monday on so-called tax inversions, aiming to curb a spate of American companies shifting overseas in an attempt to shirk paying U.S. taxes. New regulations from the Treasury Department will make inversions less lucrative by barring creative techniques that companies use to lower their tax bill. Additionally, the U.S. will make it harder for companies to move overseas in the first place by tightening the ownership requirements they must meet. "This action will significantly diminish the ability of inverted companies to escape U.S. taxation," Treasury Secretary Jacob Lew said. He added that for some companies...
  • BOOK: USA SPENDING 30 TIMES MORE PER CAPITA THAN CHINA ON SOCIAL PROGRAMS

    09/22/2014 11:21:46 AM PDT · by Jim Robinson · 11 replies
    Breitbart ^ | September 22, 2014 | By Robert Wilde
    Financial expert and author, Joe Hoft, told Breitbart News Executive Chairman, Stephen K. Bannon, that America’s exorbitant spending on social programs is a disaster waiting to happen, on par with or greater than the bank meltdown in 2008. Appearing on Breitbart News Sunday on Sirius XM Patriot to discuss his book , Falling Eagle Rising Tiger, Hoft explained that when the Great Depression paralyzed America in the 1930’s, President Franklin Roosevelt did not let the crisis go to waste and pushed for social change with his New Deal. Joe, the identical twin brother of the controversial purveyor of Gateway Pundit,...
  • Steve Forbes says America’s in a ‘new abnormal’ — here’s why he thinks we’ll ‘emerge strong again’

    09/05/2014 6:17:49 AM PDT · by fredericbastiat1 · 2 replies
    TheBlaze Books ^ | 2014-09-05 | Benjamin Weingarten
    An extensive interview with Steve Forbes on the gold standard, economics and America's future. We touch on topics including among others: *The link between foreign policy/American strength and monetary policy *How currency devaluation helps the financial sector to the detriment of the rest of the American economy [Starting at 3:00] *The significance of a strong currency in enabling trade and thus trust, and social stability/morality *Why the historical record of the gold standard should trump the arguments of its naysayers *Whether politicians will ever be incentivized to truly support a sound dollar *Why quantitative easing was more disastrous than the...
  • An essential lesson for SEIU and all Americans on what happens when you raise the minimum wage

    09/04/2014 10:21:41 AM PDT · by fredericbastiat1 · 16 replies
    TheBlaze Books ^ | 2014-09-04 | Benjamin Weingarten
    "The question is not whether we wish to see everybody as well off as possible. Among men of goodwill such an aim can be taken for granted. The real question concerns the proper means of achieving it. And in trying to answer this we must never lose sight of a few elementary truisms. We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces."
  • At the trough

    09/03/2014 9:14:34 AM PDT · by lifeofgrace · 2 replies
    Charting Course ^ | 9/3/14 | Steve Berman
    “There’s a sucker born every minute” A phrase of unknown origin—usually associated with P.T. Barnum, of Barnum & Bailey Circus fame.  Barnum would never have called his patrons “suckers”, as he always wanted to give them their money’s worth, as long as he made money doing it.  There’s only two levers to pull in making money:  take in more, or spend less.  Since Barnum’s day, this has not changed. The notable exception is government.  At all levels, but especially the federal government, they add weights and counterbalances to the levers of business, and expect business to simply keep pulling the...
  • Warren Buffett Betrays America

    08/28/2014 6:29:59 AM PDT · by Servant of the Cross · 37 replies
    Politico Magazine ^ | 8/27/2014 | Rich Lowry
    It must have been a bitter moment for President Barack Obama when he got the news that his favorite economic guru not only doesn’t like paying taxes but hates America. Warren Buffett, whose eponymous rule was a staple of Obama’s 2012 reelection campaign, is underwriting Burger King’s proposed move to Canada that the left is denouncing as practically the most dastardly plot since the Rosenbergs helped the Soviets get the atomic bomb. Burger King is acquiring the Canadian coffee and doughnuts chain Tim Hortons in what is called a “corporate inversion.” At least that’s the technical term for it. Obama...
  • Michael Moore's lavish property empire is revealed in court documents as he and wife of 22 years div

    07/25/2014 2:17:54 AM PDT · by dennisw · 18 replies
    Daily Mail ^ | 24 July 2014 | By Daily Mail Reporter
    Michael Moore's lavish property empire is revealed in court documents as he and wife of 22 years divorce The filmmaker and his producer ex-wife Kathy Glynn called it quits after 22 years, with the divorce finalized on Tuesday at Antrim County Circuit Court in Bellaire, Michigan The pair own nine properties, with Moore splitting his time between Detroit and New York And he seems to be aware of how he's perceived. In legal proceedings, he listed six media reports from 2011, which poked fun at the defender-of-the-poor's lavish life with headlines like 'Mansion Begs The Question: Is Michael Moore A...
  • New Report on Tax Cronyism in the States

    07/24/2014 1:34:16 PM PDT · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 7-24-14 | Jacob Kohlhepp
    As the quest for tax reform sweeps the nation, policymakers are faced with the dilemma of how to best build a tax code that promotes fairness, removes roadblocks to economic growth and maintains enough revenue to provide the proper amount of public services. As ALEC has pointed out Rich States, Poor States and other publications, low tax rates and smart tax choices are the path to prosperity because they increase a state’s competitiveness and are the least hurtful to productivity. However, in the effort to lower rates and make the tax code less of a burden, there is another impediment...
  • The Pitfalls of Modern Capitalism

    07/24/2014 3:25:34 AM PDT · by matthewrobertolson · 27 replies
    Catholic Analysis ^ | 24 July 2014 | James Kohn
    When Adam Smith put to paper the principles of market systems that Marx would later dismiss as capitalism, people were still dedicated to their religious faiths. Smith -- who was not in Washington at the time (ba-dum-tssshhh) -- knew this, and, even prior to releasing this monumental work, he laid the foundation of what his market system would be based on: “moral sentiments”. Smith was not a relativist, but he believed that morals were commonly held -- after all, Christendom was still holding on, albeit just barely and for dear life. True, enlightened capitalism, while inferior to distributism, is at...
  • 130 Environmental Groups Call For An End To Capitalism

    07/23/2014 12:31:16 PM PDT · by Cincinatus' Wife · 62 replies
    The Daily Caller ^ | July 23, 2014 | Mitchel Bastasch
    Environmentalists have declared that global warming can’t be stopped without ending the “hegemonic capitalist system,” saying that cap-and-trade systems and conservation efforts are “false solutions.” “The structural causes of climate change are linked to the current capitalist hegemonic system,” reads the final draft of the Margarita Declaration, presented at a conference including about 130 environmental groups. “To combat climate change it is necessary to change the system,” the declaration adds. Environmental activists met in the oil producing, socialist country of Venezuela as part of a United Nations-backed event to increase civil engagement in the lead up to a major climate...
  • "Crapitalism!"

    07/02/2014 6:12:31 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | July 2, 2014 | John Stossel
    "Crapitalism!" There's capitalism, and then there's "crapitalism" -- crony capitalism. Capitalism is great because it lets entrepreneurs raise money so they can scale up and get their products and services to more people. If there is free competition, innovators with the best ideas raise the most money, and the best and cheapest products spread far and wide. But it's crapitalism when politicians give your tax money and other special privileges to businesses that are "most deserving of help." Often those businesses turn out to be run by politicians' cronies. Many government agencies feed this crony capitalism. When there is...
  • Is Inequality Caused by Capitalism or Statism?

    06/15/2014 4:56:04 PM PDT · by Kaslin · 40 replies
    Townhall.com ^ | June 15, 2014 | John Browne
    The French economist Thomas Piketty has achieved worldwide fame by promoting a thesis that capitalism is the cause of growing economic inequality. Unfortunately, he is partially right. However, the important distinction missed by Piketty and all of his supporters is that state capitalism, not free market capitalism, has reigned supreme in recent decades in the world's leading democracies. It is this misguided attempt to wed the power of the state to the private ownership of capital that has led to the mushrooming of economic inequality. If the public cannot be made aware of the distinction, we risk abandoning the...
  • Catholics Against Capitalism

    06/10/2014 6:36:50 PM PDT · by 2ndDivisionVet · 42 replies
    The National Review ^ | June 10, 2014 | Kevin D. Williamson
    Something strange happened in Washington last week: A panel of Catholic intellectuals and clergy, led by His Eminence Oscar Andrés Maradiaga, was convened to denounce a political philosophy under the headline “Erroneous Autonomy: The Catholic Case against Libertarianism.” The conference was mainly about free-market economics rather than libertarianism per se, and it was an excellent reminder that the hierarchy of the Church has no special grace to pronounce upon matters of specific economic organization. The best that can be said of the clergy’s corporate approach to economic thinking is that it is intellectually incoherent, which is lucky inasmuch as the...
  • The Madness Of Crowds And The Great Insanity (the coming economic collapse)

    06/08/2014 6:42:22 PM PDT · by Perseverando · 139 replies
    Zerohedge ^ | June 8, 2014 | Ty Andros
    Never in my 30+ year career as a market observer have I seen so many out on a limb which is about to be SAWED OFF. Those who live within the matrix are fully loaded for a recovery which is not and will not appear. Nominally the Main stream media can proclaim ECONOMIC recovery has arrived, point to the rising developed world stock markets, seemingly benign bond markets of all categories: sovereign, investment grade and Junk, Private equity, corporate buy backs and more have priced in “Happy Days are here again”. HFT, unrestrained leverage in a financially repressed world and...
  • A history lesson on economic recovery from a little-known 1949 book that Washington never learned

    06/06/2014 2:35:51 PM PDT · by fredericbastiat1 · 6 replies
    "One of the most appalling things about NRA was the sudden multiplication of new rules with which businesses must comply, rules not resting on settled law but on arbitrary decisions of administrative bodies, subject to change almost without notice.The business community was suddenly called upon to rush to Washington to participate in the making of codes, codes which represented bargains among different elements of the industries, bargains with labor, and bargains with an extraordinarily incapable set of Government officials and employees, many of whom were extremely radical, and few of whom knew anything about business"
  • Ayn Rand was not a defender of the rich

    05/14/2014 6:33:32 PM PDT · by OddLane · 59 replies
    Washington Post ^ | May 13, 2014 | Ilya Somin
    Ayn Rand, the famous novelist and free market advocate, is often caricatured as a defender of the rich or big business. But, as Steve Horwitz explains at the Bleeding Heart Libertarian blog, there are more wealthy villains in her books than wealthy heroes. And many of her heroes – including John Galt, whom Rand portrayed as the person best exemplifying her philosophy – are not particularly wealthy. Ultimately, Rand’s work praises producers, not wealthy people as such: One of the other valuable pieces of Rand’s work is also one of the most frequently misunderstood by her critics…. [T]he view [of...
  • Socialism, Seattle Style - Kshama Sawant's $15 per hour job killer

    05/07/2014 5:19:48 AM PDT · by Cincinatus' Wife · 23 replies
    American Spectator ^ | May 7, 2014 | Keli Carender
    "............................Educated, articulate and well versed in the recitation of neo-Marxist agitprop, [Seattle Council Woman Kshama Sawant]clearly has read many books and been taught many things that aren’t so.Such is the case with Sawant’s core mission of raising the minimum wage to $15 an hour because she believes it helps poor people. She is convinced that she can, by decree, override the laws of economics from her perch on Seattle’s city council. “Victory in the fight for $15 an hour will mean a substantial improvement in the standards of living of working people in Seattle,” Sawant...in a recent interview[,]“A real class...
  • Musings on Modernity

    05/06/2014 6:42:52 AM PDT · by Nelson Hultberg · 2 replies
    Americans for a Free Republic ^ | May 5, 2014 | Nelson Hultberg
    It is believed by many on the left today that our Constitution resulted from the Founding Fathers deceitfully conspiring to form a society ruled by aristocrats, and that the seeds for modernity’s corruption lie in the Founders’ elitist Constitution that now plagues us. This is why it is so easy for today’s liberals to ignore the Constitution with no qualms or regrets. They feel it is their duty to do so. Conservatives and libertarians see things differently. It was not the Founders in the beginning who warped the ideal of justice with “elitism.” It was the Progressives of the early...
  • Piketty’s new gilded age which isn’t

    04/27/2014 11:36:10 AM PDT · by 2ndDivisionVet · 6 replies
    Hot Air ^ | April 27, 2014 | Jazz Shaw
    Progressive hearts are all aflutter this week, riding high on the continued coverage of Thomas Piketty and his new book “Capital in the Twenty-First Century” which continues to fly off the virtual shelves at Amazon. To say that Piketty’s basic premise is flawed is probably too much of a compliment. Ed already looked at one of the fundamental assertions last week – that median household income had only risen 3.2% over the past three decades – and found it to be off by a factor of ten. But there are other, deeper problems with the Piketty model. One of them...
  • Who Is Thomas Piketty And Why Has The Obama White House Rolled Out The Red Carpet For Him?

    04/27/2014 6:58:17 AM PDT · by Usagi_yo · 31 replies
    Townhall ^ | April 27 2014 | Hunter Lewis
    He has not only been feted recently by White House advisors. He is all the rage at the Council on Foreign Relations, the International Monetary Fund, and the United Nations as well. This 42 year economist from French academe has written a hot new book: Capital in the Twenty-First Century. A recent review describes him as the man “who exposed capitalism’s fatal flaw.”
  • Seattle’s Socialist Councilwoman On Why Capitalism Offers Nothing for Young People

    04/25/2014 4:28:31 PM PDT · by nickcarraway · 18 replies
    PBS ^ | April 23, 2014 | Kshama Sawant
    Editor’s Note: Kshama Sawant is a Seattle councilwoman. And a Socialist. She was elected last fall on a $15-an-hour minimum wage platform. That wage, which is 62 percent higher than this year’s inflation indexed state minimum wage of $9.32, already the highest in the nation, comes from what researchers at the University of Washington have calculated as the wage it takes to be self-sufficient in the area. The Seattle suburb of SeaTac, home of Seattle-Tacoma International Airport, narrowly approved a $15 minimum wage ballot initiative last fall, but as we recently explored, most airport workers have yet to see a...
  • Piketty's charge: How a French economist 'rock star' is 'freaking out' the super rich

    04/25/2014 3:52:51 AM PDT · by SoFloFreeper · 20 replies
    Wicked Local ^ | 4/24/14 | Michael de Groote
    Just looking at the headlines about Thomas Picketty shows that something is up. The Wall Street Journal says he "Revives Marx." The New York Times calls him a "Rock Star." ...What Piketty has done, according to the official book description on Amazon, is look at the growing economic inequality and concentration of wealth. He examines data from the 1700s and forward and finds social and economic patterns that he says show what is at fault....
  • The lost promise of progressive taxes

    04/15/2014 10:25:40 AM PDT · by Oldeconomybuyer · 9 replies
    Reuters - Opinion ^ | April 15, 2014 | By Ajay K. Mehrotra
    By midnight on April 15, roughly 140 million Americans will have filed their federal income tax returns and breathed a sigh of relief. Politicians from both parties, however, will spend most of the day criticizing our current tax system. --snip-- Creating a new tax regime based on the ability to pay had significant consequences. Not only did it provide sorely needed revenue while addressing growing inequality, it also fostered greater social solidarity and bolstered faith in government — a lesson lost on many lawmakers today. Reformers believed progressive taxes could be used to reconfigure the relationship between citizens and the...
  • High Road to Serfdom

    04/15/2014 8:30:30 AM PDT · by Academiadotorg · 23 replies
    Accuracy in Academia ^ | April 15, 2014 | Malcolm A. Kline
    The startling thing about the books academics typically dismiss as relics of the past is the uncanny manner in which they anticipate the present. “Democracy extends the sphere of individual freedom,” Alexis de Tocqueville wrote in 1848. “Democracy attaches all possible value to each man while socialism makes each man a mere agent, a mere number.” “Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.” The de Tocqueville quote was resurrected nearly a century later by Friedrich A. Hayek in The...
  • The Republic of Texas 2022 (Saturbray)

    04/12/2014 6:46:14 AM PDT · by bray · 26 replies
    www.brayincandy.com ^ | 4/12/14 | bray
    What would a country look like with a small government and was guided by God and the maximum freedom of its citizens? That is the country I developed in The Republic of Texas 2022, my new novel being published and now in early release. Our hero is Steven Moses who is the most powerful man in the world, but understands that the free market is where true freedom lies. The United States has collapsed and is still in a depression state as the entire structure has disappeared and is replaced with a servant state of the United Nations. Meanwhile Texas...