charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, OCTOBER 04, 2016
Philanthro-crony-capitalist corruption in the U.S. has reached levels that put Lower Slobovia to shame. Granted, the fantasy of philanthrocapitalism is appealing: take a bunch of fabulously successful entrepreneurial billionaires, grant their foundations tax-free status, and then unleash them on the world as philanthropists who […]
gainspainscapital.com / Graham Summers / September 12, 2016
The biggest issue in financial political power structure today is the End of Centralization.
In the post 2008 era, the Globalists made a major push to hold the system together. The multi-billionaire class, particularly those who made fortunes from crony capitalism and bubble economics joined forces […]
mises.org / David Gordon / September 8, 2016
Critics of capitalism from Marx to Bernie Sanders claim that the free market exploits the working class for the benefit of the rich; and even some “classical liberals” of recent vintage argue that capitalism needs to be supplemented by a guaranteed basic income or the like.
zerohedge.com / by Thad Beversdorf via FirstRebuttal.com / Sep 6, 2016 1:08 PM
I define corporatism as an economic model (such as our existing) that prioritizes short term profit maximization above everything else even consuming all other aspects of society to attain that goal. Now I try not to simply opine on matters I discuss […]
mishtalk.com / Mike “Mish” Shedlock / September 6, 2016
Is it time to “civilize capitalism”?
That’s what Malcolm Turnbull, Australia’s prime minister says.
Turnbull was chairman and managing director of Goldman Sachs Australia (1997–2001) and a partner with Goldman Sachs and Co (1998–2001).
Please consider G20 Leaders Urged to ‘Civilize Capitalism’.
Leaders of […]
mises.ca / LUDWIG VON MISES via The Anti-Capitalistic Mentality (1954) / SEPTEMBER 2, 2016
On the market not hampered by the interference of external forces, the process which tends to convey control of the factors of production into the hands of the most efficient people never stops. As soon as a man or a firm […]
gata.org / By Jeff Cox via CNBC, New York / August 31, 2016
The Federal Reserve, with its bargain-basement interest rates and money printer always on standby, is manipulating financial markets and crushing capitalism, bond king Bill Gross said in his latest broadside against the U.S. central bank.
In a letter to clients, Gross addresses […]
zerohedge.com / by Tyler Durden / Aug 31, 2016 10:17 AM
One day after Stanley Fischer provided a bizarre justification for why “negative rates seem to work”, saying that “clearly there are different responses to negative rates. If you’re a saver, they’re very difficult to deal with and to accept, although typically they go along […]
mises.org / Brittany Hunter / Aug 24, 2016
In a recent Reason-Rupe Survey, 58 percent of Americans ages 18–24 said they viewed socialism favorably. However, when asked if they favored a free market economy or a government-managed economy, 64 percent of Millennials said they favored the free market. How is it possible for Millennials to […]
davidstockmanscontracorner.com / By The Economist / August 25, 2016
THE most dramatic moment of the global financial crisis of the late 2000s was the collapse of Lehman Brothers on September 15th 2008. The point at which the drama became inevitable, though—the crossroads on the way to Thebes—came two years earlier, in the summer of […]
mises.org / Tho Bishop / Aug 24, 2016
We are in the midst of the NFL preseason, which means its fantasy football draft-time for the tens of millions who play fantasy footballevery year. The growth of the game is truly extraordinary, not only has it become a major device for growing public interest in professional […]
jessescrossroadscafe.blogspot.com / BY JESSE / 13 AUGUST 2016
“There is a lack of critical assessment of the past. But you have to understand that the current ruling elite is actually the old ruling elite. So they are incapable of a self-critical approach to the past.”
But they maintain a firm grasp on […]
wallstreetexaminer.com / by Doug Noland via Credit Bubble Bulletin / August 6, 2016
I found my thoughts this week returning to Hyman Minsky, financial evolution and Capitalism. Updating my 2013 Government Finance Quasi-Capitalism thesis seemed overdue.
“Minsky saw the evolution Capitalist finance as having developed in four stages: Commercial Capitalism, Finance Capitalism, Managerial Capitalism and […]
davidstockmanscontracorner.com / by David Stockman / August 1, 2016
Trump’s Demagoguery——The Dangers and Digressions of It
Donald Trump’s inchoate views on economics are mainly a virtue because he has not been schooled in the follies of bipartisan fiscal and monetary “stimulus policy”. Essentially, the Beltway’s statist practitioners of the great bipartisan economic policy consensus […]
davidstockmanscontracorner.com / by David Stockman / July 29, 2016
Donald Trump’s Candidacy—–The Good And The Bad Of It
In the next sections we shall document at length why the US is a nation on the brink of financial ruin. Our purpose at this point, however, is to dispel any illusion that Donald Trump—–the man […]
davidstockmanscontracorner.com / By David Dayen / July 28, 2016
To get to the Democratic National Convention, you take the subway to the AT&T Station and walk to the Wells Fargo Center. Along the way, you’ll stroll by the Comcast Xfinity Live complex, where delegates and honored guests can booze it up. You’ll also see […]
21stcenturywire.com / 21Wire + Jamila Assi / JULY 19, 2016
21st Century Wire says…
Many of you will remember the formidable, eloquent and profoundly touching voice of Syrian journalist, Jamila M Assi, when she talked with 21st Century Wire live from Damascus. We are sharing her words today as they are particularly poignant in […]
mises.org / Mises Institute / July 18, 2016
An Open Letter to Donald Trump
We the undersigned urge you, the presumptive Republican nominee for President, to support a rebirth of free-market capitalism in the U.S. You have said repeatedly that you want to make American great again. We agree with you. And we assert […]
davidstockmanscontracorner.com / by Bloomberg Business • July 8, 2016
Chinese President Xi Jinping is putting more of the “state” in “state-owned enterprise.”
Carmaker FAW Car Co., fiber producer Sinoma Science & Technology Co. and miner Tibet Mineral Development Co. have recently modified their bylaws to give Xi’s Communist Party more oversight of management decisions. […]
21stcenturywire.com / Gilbert Mercier / JULY 1, 2016
From the west to the east, and the south to the north of our global horizon, it is the same tableau: the horrendous killing fields of disaster capitalism where its cohorts of 18-wheelers, heavy road machinery and police patrol cars roam the landscape continuously and are […]
zerohedge.com / By Yoon Young-Kwan, originally posted at Project Syndicate, Jul 1, 2016 11:55 AM
Populism, nationalism, and xenophobia all contributed to the victory of the “Leave” campaign in the United Kingdom’s recent referendum on membership in the European Union. But these forces float on the surface of a larger sea change: a fundamental shift […]
charleshughsmith.blogspot.com / by CHARLES HUGH SMITH / JULY 01, 2016
If you collapse these extractive, debt-dependent crony-capitalist cartels, you collapse the entire status quo.
Thousands of commentaries have been issued about Brexit in the past week. I’ve written four myself. Most discuss Brexit as the result of immigration issues, class war, political theater, a reaction […]
zerohedge.com / by Tyler Durden / Jun 24, 2016 8:25 PM
While the blame for today’s historic moment in the collapse of crony capitalism could be laid at many feet – from Brussels totalitarianism to Cameron and Osborne’s scaremongering blowback – one look at the charts and it becomes pretty clear when exactly the […]
zerohedge.com / Originally posted at Time Price Research, Jun 23, 2016 9:00 PM
China has completed its cycle as a high-growth, low-wage country and has entered a new phase that is the new normal.
China will continue to be a major economic force but will not be the dynamic engine of global growth it […]
wallstreetexaminer.com / by Doug Noland via Credit Bubble Bulletin / June 18, 2016
Credit booms are powerfully reinforcing. New Credit provides additional purchasing power that spurs spending, economic output, corporate earnings/cash-flow and income growth. Monetary expansions, as well, fuel inflating asset prices, most notably in securities and real estate. In both the Financial Sphere and […]