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Higher Taxes Don’t Make Capitalism “Work Better”

mises.ca / by James E. Miller / April 11th, 2014

“Would Capitalism Work Better With Higher Taxes?”

That’s the title of a new Globe and Mail editorialwritten by Doug Saunders. The question is innocent enough. The article treads lightly on the topic without ideological moralizing. The dilemma of how to make capitalism “work [...]

How the U.S. Changed the Nature of Money

dailyreckoning.com / by Nick Hubble / Apr 3, 2014

The Occupy Wall Street movement and most of academia love to wail about the evils of capitalism. Economist Richard Duncan reckons it’s a bit late for that. About 100 years too late.

Capitalism died a grisly death in 1914 and 1939. What makes Duncan’s take [...]

The Co-Op Movement – A Decentralized Solution to Solving Inequality and Avoiding Serfdom?

libertyblitzkrieg.com / Michael Krieger / March 29, 2014

Or take the right to vote. In principle, it is a great privilege. In practice, as recent history has repeatedly shown, the right to vote, by itself, is no guarantee of liberty. Therefore, if you wish to avoid dictatorship by referendum, break up modern society’s merely functional [...]

Think Big, Think Bold

yanisvaroufakis.eu / By Yanis Varoufakis, / March 25, 2014

Why the Left in Britain and in the Eurozone must aim for a radical Pan-European Green New Deal

European capitalism was always going to become unhinged once the post-war global system, known as Bretton Woods, had run out of steam. And so it did.

After [...]

Walmart Admits in its Annual Report that its Profits Depend Heavily on Corporate Welfare

libertyblitzkrieg.com / By Michael Krieger / March 26, 2014

Following up from my post earlier today, A First Look at a New Report on Crony Capitalism – Trillions in Corporate Welfare, some really juicy additional corporate welfare queen news has now come across my screen. It appears that Walmart has admitted the potentially severe adverse [...]

A First Look at a New Report on Crony Capitalism – Trillions in Corporate Welfare

libertyblitzkrieg.com / By Michael Krieger / March 26, 2014

One of the primary topics on this website since it was launched has been the extremely destructive and explosive rise of crony capitalism throughout the USA. It is crony capitalism, as opposed to free markets, that has led to the gross inequality in American society we [...]

We Do Not Live in a Post-Scarcity World

mises.org / by William L. Anderson / Wednesday, March 26, 2014

Jeremy Rifkin long has perfected the art of adding two and two and getting five. In the 1980s, he claimed that entropy made it impossible for a free economy to exist, and therefore Rifkin concluded the state needed to plan and run things. [...]

BARACK OBAMA’S USA IS STARTING TO LOOK LIKE EARLY DAYS OF MAO’S COMMUNIST CHINA

dollarvigilante.com / Jeff Berwick / March 18th, 2014

Many like to watch movies or read fiction novels as a way to relax and get away from work and other stresses of day-to-day life. I, on the other hand, find non-fiction to be much more interesting than almost anything dreamed up by a fiction [...]

From Capitalism To Creditism

economicnoise.com / MONTY PELERIN / MARCH 15, 2014

A good portion of reported economic growth over the last several decades can be attributed to a liquidity explosion reflected by enormous increases in debt. The graph of the money supply since the removal of the gold constraint in 1971 looks like that proverbial hockey stick.

The [...]

FEEDBACK FRIDAY – MARCH 14, 2014

dollarvigilante.com / MARCH 14, 2014

SMART METERS ETC.

Like always about evil energy companies, there is a lot of BS.

1. May-be you can refuse the smart meter on the outside of your home, but how is it your business to tell the power company what device they may or may not have installed [...]

How This Monetary Experiment Will End

goldsilverworlds.com / Darryl Schoon / March 12, 2014

Capitalism, the bankers’ three hundred year-old ponzi-scheme, is a balancing act between the bankers’ credit and everyone else’s debt. In its optimal state, credit creates sufficient growth to pay society’s constantly compounding debts. When unable to do so, debt is paid by borrowing against future growth [...]

Marxism is a Dead Idea But Capitalism (Freedom) has Never Truly Existed

armstrongeconomics.com / Martin Armstrong / March 11, 2014

The Socialists argue that we actually have a free market economy called capitalism and that is the reason for the economic downturns. They assume we can create an economic flat-line they call socialism/communism. Anything that booms and busts they call capitalism. The real question is when [...]

Can the Internet democratise capitalism?

yanisvaroufakis.eu / yanisv / February 21, 2014

Technological fixes to time-honoured problems are all the rage these days. Bitcoin is meant to fix money, social media are seen as an antidote to Rupert Murdoch and assorted tyrants, networked robots are to help countries like Japan deal with demographic declines etc. Perhaps the largest claim is [...]

Global Capitalism Has Written Off The Human Race

paulcraigroberts.org / By Paul Craig Roberts / February 18, 2014

Economic theory teaches that free price and profit movements ensure that capitalism produces the greatest welfare for the greatest number. Losses indicate economic activities where costs exceed the value of production, thus investment in these activities is curtailed. Profits indicate economic activities where the value [...]

Capitalism and Fast Food: Delicious Bedfellows

mises.ca / by Logan Albright / February 18th, 2014

The World Health Organization has released a lovely little report on the effects of economic deregulation on the consumption of fast food and the average Body Mass Index (BMI) of citizens. To the surprise of no one, the nutrition police are celebrating the findings that [...]

The “Impossible” But Inevitable Solution: Decentralization

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SATURDAY, FEBRUARY 01, 2014

What lies beyond the current failing, unsustainable versions of Capitalism and Socialism? Decentralization. Correspondent John D. recently sent in a link to an interview with energy expert and author Jeremy Leggett. The title, “Make no mistake, this is an energy civil war” is a bit [...]

The Real State of the Union: The Erosion of Community

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, JANUARY 29, 2014

The Central State and its core directives, central planning and ever-widening control of every aspect of life, is eroding the human essential: community. Rather than the rah-rah phoniness of the President’s State of the Union speech,which was predictably filled with Soaring Rhetoric ™ and [...]

Stranger Than Fiction: Papal Peace Dove Pounced On By Capitalist Crow & Swooping Seagull

zerohedge.com / by Tyler Durden / 01/26/2014 23:12 -0500

Amid calls to spread the wealth (among the elites in Davos) and for an end to violence in Ukraine, the Pope released his “peace” doves today to send a message of hope to the world. However, the callous claws of capitalism (in the form of a [...]

GLOBAL WARMING FRAUD EXPOSED – UNDER OATH ! !

turnerradionetwork.com / Wednesday, 22 January 2014 20:18

January 22, 2014 — (TRN http://www.TurnerRadioNetwork.com ) — In stunning testimony, under Oath, before the U.S. House of Representatives, House Oversight and Government Reform Committee, a former executive of the U.S. Environmental Protection Agency (EPA) revealed the EPA’s goal is to “modify the DNA of Capitalism.” Put [...]

The biggest export from America? The middle class. The tradeoff for cheap goods and financial cronyism is coming back in a big way.

mybudget360.com / by mybudget360 / January 18, 2014

There is always a tradeoff in economics. The adage about a free lunch comes to mind to the rise of low wage capitalism in America. It is a complicated web driven by financial cronyism and a system largely driven by ignoring the plight of the working class. [...]

Low wage capitalism with a dab of cronyism: Of job sectors with the highest growing raw number of positions 9 out of 10 will pay $35,000 a year or less with little to non-existent benefits.

mybudget360.com / by mybudget360 / January 11, 2014

There was a big miss with the latest employment report. The addition of 74,000 jobs produced the weakest employment report going back to January of 2011. Yet part of this is not a surprise given the weak retail sales over the holidays at the expense of cash [...]

Saxo Bank CEO Fears The Broad Relevance Of Ayn Rand In Today’s Society

zerohedge.com / by Tyler Durden / 01/07/2014 19:00 -0500

One of the biggest mistakes we can make, Saxo Bank’s CEO warns, is to assume that rationality will prevail, that just through superior economic performance, freedom will capture enough peoples’ hearts in a democracy to win the day. In the last of his three-part series [...]

Are Pope Francis and Barack Obama Right About Capitalism?

dailyreckoning.com.au / By Bill Bonner / January 7th, 2014

Pope Francis in the Eternal City…Bill De Blasio in the Big Apple…President Obama in the White House…

From the pulpit to the Oval Office to City Hall – capitalism is coming under attack in 2014.

Obama has made income inequality a central bugaboo for the [...]

Standpoint Research Discovers Capitalism, Downgrades Apple For “Moral Reasons”

zerohedge.com / by Tyler Durden / 01/06/2014 07:51 -0500

Looks like Standpoint Research, whoever they are, threw in the towel on waiting for the “soft dollar” tsunami to wash over its hard-hitting operations, and decided to make headlines the old-fashioned way – with what is an early contender in the category for “dumbest research [...]

What’s Wrong With the Capitalist System?

dailyreckoning.com.au / By Bill Bonner / January 6th, 2014

Is capitalism wrong in some fundamental way?

New Year’s Day found your editor up a tree. He was pruning pear trees. The trees had gotten some sort of blight. They’re half-dead…and probably should be cut down and burned.

Nevertheless, we went out into the cold [...]

Steve Keen (Briefly) Explains Why Janet Yellen Won’t See The Next Big One Coming

zerohedge.com / by Tyler Durden / 12/29/2013 13:11

“Conventional economic theory says ‘crisis don’t happen’ unless they are hit by an [outside] shock” exclaims Steve Keen, adding that numerous Nobel Prize winning economists have suggested that “capitalism is stable…” and “the problem of avoiding depressions has been solved for many decades.”

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Capitalism and Lying to Amazon

mises.ca / James E. Miller / Saturday, December 21st, 2013

Economic blogger Matthew Yglesias recently caused a stir when he authored a piece detailing how anyone can fool online retailer Amazon.com by claiming to have a fake baby. The program, Amazon Baby, is designed specifically to help young families afford necessities when raising their child. [...]

CRONY CAPITALISM DRIVES AIRPORT SECURITY

dollarvigilante.com / By Wendy McElroy / December 2nd, 2013

There is yet another reason not to fly into or within the US. “Nazi-style detention pods” – that’s what opponents of the Transportation Security Administration (TSA) have called the new “exit pods” being tested at the Syracuse (NY) airport. But the pods are [...]

China Opens Largest Private Gold Vault With Capacity For $82 Billion Worth Of Precious Metal

zerohedge.com / Tyler Durden / 11/12/2013 18:56 -0500

It was not enough for China to buy JPM’s landmark former downtown Manhattan headquarters, once the stomping grounds of David Rockefeller and the current location of the firm’s massive, and arguably largest in the world, gold vault (which, as Zero Hedge first demonstrated, is located just next [...]

The Economy’s Screwed – To The Pub! (Part II)

dailyreckoning.com.au / By Bill Bonner / November 13th, 2013

Not much action in the markets. So let’s go back to our story…

At the Kilkenomics economics festival in Kilkenny, Ireland…

We had just taken the first hit. It was an informal debate, in front of a crowd of drunken Irishmen. And our opponent was [...]