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Ep. 586 Why Capitalism Is Morally Superior to Socialism

tomwoods.com / Tom Woods / 4th February 2016

Defenders of capitalism often wind up making arguments that implicitly concede the moral superiority of socialism — sure, socialism is a fine system, but we can’t live up to it. What kind of defense of capitalism is that? Jason Brennan makes a powerful moral case for capitalism […]

Did Goldman Sachs Just Admit the System is Rigged?

wallstreetexaminer.com / by Devin Smith via New Economic Perspectives / February 5, 2016

Bill Black explains why one of world’s largest investment firms Goldman Sachs is questioning the “efficacy of capitalism” and why its CEO is terrified of a Sanders presidency.

You can view it here on the Real News (include transcript).

SOURCE

[…]

Dirty Pool

mauldineconomics.com / BY JARED DILLIAN / FEBRUARY 4, 2016

I am a longtime Amazon bear. I was even short for a time. I lost a decent amount of money, but it could have been worse. I was short when it was in the 200s.

Principally, I object to Amazon not making any money, or at […]

Pollution Control and Biblical Justice

garynorth.com / Gary North / January 19, 2016

If a man shall cause a field or vineyard to be eaten, and shall put in his beast, and shall feed in another man’s field; of the best of his own field, and of the best of his own vineyard, shall he make restitution. If fire break […]

Ep. 560 Does Capitalism Destroy Culture? Literature and the Market

tomwoods.com / Tom Woods / 23 December 2015

Doesn’t the market lead to vulgar outcomes, and undermine high culture? Paul Cantor, a member of Ludwig von Mises’ NYU seminar, joins us to discuss this and more — including topics in popular culture, including The X Files and Breaking Bad.

PLEASE CLICK HERE TO LISTEN

[…]

21st Century Banking: A World Run By Parasites

bullionbullscanada.com / by Jeff Nielson / 19 November 2015

Banks are parasites. Big Banks are very large parasites. It is the fundamental equation of human commerce in the 21st century.

Bankers are the quintessential middle-men: contributing nothing to our economies, while blood-sucking us for assorted “fees”, and (most importantly) interest payments. Many readers will object […]

The GM Cesspool Of Crony Capitalism——How Its Taxpayer Bailout Became China’s Bonanza

davidstockmanscontracorner.com / by Bloomberg Business / November 14, 2015

During the 2012 election, President Barack Obama held up his bailout of General Motors as a model in the fight against China’s growing manufacturing dominance, telling voters that the auto rescue would reverse the industry’s multi-decade trend of outsourcing.

A single election cycle later, the question […]

Business as Usual – Paul Ryan Pushes Through Multiple Wall Street Giveaways in the Highway Bill

libertyblitzkrieg.com / Michael Krieger / Nov 6, 2015

It was always going to be a seamless transition from John Boehner to Paul Ryan. These men are cut from the exact same cloth, which is worshipping at the altar of crony capitalism. They talk a good game about about “free markets” and “entrepreneurship,” but at the […]

Keen vs. Keen: Will the Real Steve Keen Please Stand Up?

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, October 27, 2015 3:31 AM

Economists Prove That Capitalism Is Unnecessary

Several readers sent me a link to Economists Prove That Capitalism Is Unnecessary.

The title was hardly surprising, given that is what many economic illiterates think. However, I was startled to find out it was written […]

Reflections on Venezuela’s “Economic Miracle”

mises.org / Andrew Syrios / OCTOBER 23, 2015

Back in 2013, Salon took a quick break from criticizing a caricature of libertarianism to let David Sirota write an embarrassing article praising socialism in what turns out to be a fantastic case study in both the dangers of socialist economics and of course, speaking to […]

Employment Is Nothing Like Slavery

mises.org / Julian Adorney / OCTOBER 21, 2015

What is necessary to take away a man’s freedom? For many progressives, nothing more then a bad workplace. Amazon takes ongoing heat for its work environment, with opponents like Business Insider calling it a “slave camp.”

But this comparison mistakes the fundamental nature of coercion.

Many […]

Socialist Finds 14 Flaws in Capitalism and Seeks Help to Fix Them; Mish 14 Point Rebuttal

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, October 20, 2015 1:26 AM

Those looking for a big laugh can find one in Philip Kotler’s Huffington Post article entitled Fix Capitalism – Join Us!

Kotler says “The economic system is failing to deliver rising living standards for most Americans. Most of the gains from higher […]

Capitalism explained in 2015: “You have two cows…”

sovereignman.com / Simon Black / October 16, 2015

When I was a kid, I used to proudly wear around a T-shirt explaining different economic systems using ‘two cows’ as a metaphor.

It started off like this:

Socialism: You have two cows. Give one to your neighbor.

Then

Communism: You have two cows. The government […]

Sanders and His Followers Are Not Outliers

mises.org / Jeff Deist / OCTOBER 15, 2015

Depending on one’s point of view, Bernie Sanders either held his own or boosted his chances against perceived front-runner Hillary Clinton in Tuesday night’s Democratic presidential primary debate. His message clearly resonated with the live audience, particularly his statements about raising the minimum wage to $15 […]

The Debate: Can a Democratic Socialist Save Capitalism?

Senator Bernie Sanders and Hillary Clinton at First Democratic Debate, October 13, 2015

wallstreetonparade.com / By Pam Martens and Russ Martens / October 14, 2015

In the minds of millions of viewers, Hillary Clinton came across in last night’s Democratic debate on CNN as polished, articulate and knowledgeable about the issues. But for those […]

Should we be “Scared of Capitalism?”

acting-man.com / Pater Tenebrarum / October 9, 2015

Physicists Should Stick to Physics

We know already since Einstein that renowned physicists would do better to avoid straying into the field of economics. In 1949 Einstein published an essay on economics and education that is brimming with ignorance. According to Einstein, “The economic anarchy of capitalist […]

The United Nations’ Green Economy Isn’t Sustainable Or Green!

thecommonsenseshow.com / BY PATRICK WOOD / 04 Oct, 2015

The United Nations intends to replace Capitalism and Free Enterprise with its Green Economy, or Sustainable Development. However, its concepts of development and economy are deeply flawed and reminiscent of fringe ideas from the Great Depression era. (For a full discussion of Technocracy in the 1930s, […]

Why Lovers of the State Hate Uber

teapartyeconomist.com / by Gary North / October 3, 2015

The regulation by the state of the streets of London goes back to 1635. It began under King Charles I, who was a full-time tyrant, and whose life ended on the scaffold in 1649.

Charles decided that the streets were too crowded in London, and what […]

The Reality Behind the Numbers in China’s Boom-Bust Economy

mises.org / Yonathan Amselem / OCTOBER 2, 2015

Last year, the world was stunned by an IMF report which found the Chinese economy larger and more productive than that of the United States, both in terms of raw GDP and purchasing power parity (PPP). The Chinese people created more goods and had more purchasing […]

You Can’t Separate Empire, the State, Financialization and Crony Capitalism: It’s One Indivisible System

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, SEPTEMBER 30, 2015

The great irony is what’s unsustainable melts into thin air no matter how many people want it to keep going. Disagreement is part of discourse, and pursuing differing views of the best way forward is the heart of democracy. Disagreement is abundant, democracy is […]

Austrian Economics, Monetary Freedom, & America’s Economic Roller-Coaster

zerohedge.com / by Richard Ebeling via EpicTimes.com on 09/18/2015 20:05

For over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery starting in 2009 up to the present.

Before […]

David Stockman Interview On Yahoo——The Fed Painted Itself Into A Corner, Confidence In The Casino Is Headed For A Fall

davidstockmanscontracorner.com / by Yahoo / September 17, 2015

David Stockman is not a fan of the Fed. In fact he claims that the Fed is on a “jihad” against retirees and savers.

The former Reagan budget director and author of “The Great Deformation: The Corruption of Capitalism in America” visited Yahoo Finance ahead of […]

Bloomberg: Capitalism = Gross Inequality and Planetary Neglect

bullionbullscanada.com / by Jeff Nielson / 14 September 2015

It was a day of surprises. First we had a report on the Pope, a pimp for the Status Quo (of our ruling plutocracy). The news was that Pope Francis was planning to speak out, in his visit to the U.S., against economic victimization/oppression as well […]

Capitalism vs. American Health Care

tomwoods.com / Tom Woods / 7th September 2015

For episode 481 of my show I talked to Dr. Josh Umbehr, whose practice in Wichita, Kansas, will knock your socks off, for reasons you’ll see below. The cost savings he and his patients enjoy because they stay away from insurance and government are absolutely staggering.

Today […]

From The Investor Who Called The China Fiasco ——-5 Things Jim Chanos Says You Need To Understand About Red Capitalism

davidstockmanscontracorner.com / By Linette Lopez at Business Insider / September 1, 2015

Jim Chanos, the founder of the short-biased hedge fund Kynikos Associates, has been questioning China’s growth numbers since 2010.

Now — with a recent currency devaluation, flailing stock market indexes, debt at 280% of gross domestic product, and manufacturing data flashing 2009 numbers […]