Tag: capitalism

Recommended by Ricochet Members Created with Sketch. Capitalism vs. Socialism: Facts vs. Opinion

 

Opinion: Capitalism is a corrupt system, where the rich get richer and the poor get poorer.
Fact: Capitalism has created more wealth for more people, than ever in the history of the world.
Fact: The poor in America are still richer than about 70% of the rest of the world.
My opinion: Capitalism in itself is not a corrupt system; people are easily corrupted and the system need not be replaced.

Opinion: Democratic Socialism is a better economic system for the US than capitalism.
Fact: Socialism is defined as “[a system] in which the means of production are owned and controlled by the [government],” and “[a system] in which there is no private property.”
Fact: This is what happened in the USSR, Cuba, and Venezuela, and it resulted in extreme poverty for all, except those in power.
Fact: The Nazis were the National Socialist German Workers’ Party.

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Stian Westlake joins City Journal editor Brian Anderson to discuss the future of productivity and how institutions and policymakers can adapt to the new “intangible” economy. Throughout history, as documented in the book Capitalism Without Capital by Westlake and coauthor Jonathan Haskel, firms have invested in physical goods like machines and computers. As society has grown richer, companies have invested increasingly […]

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Chad Benson, host of “The Chad Benson Show,” and Greg Corombos of Radio America serve up your Columbus Day martinis while Jim is away basking in a New York Jets victory. They start by getting a kick out of Bernie Sanders once again trying to drag Democrats to the left by telling ABC News the […]

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Recommended by Ricochet Members Created with Sketch. Socialist Senator Sanders Gets a Taste of Capitalism

 

But does he recognize it? I’m guessing probably not. This situation is the epitome of a capitalist tradeoff. His campaign staff is unionized. He went along with it because he has to as a “democratic socialist.” He is also highly in favor of a minimum wage of $15 per hour. His campaign has a budget, with a certain amount of dollars. So, Mr. Sanders has discovered that, with his current campaign budget, he cannot afford to pay everyone $15 per hour. He has stated, therefore, that he will reduce some staff hours in order to pay everyone that vaunted $15.

Yes, Bernie, when your cost of doing business rises (with little to no productivity improvement), you are forced into tough choices. Do you lay-off an employee? Do you reduce everyone’s hours? Do you reduce only some staffers’ hours? If you want to maintain a viable campaign organization, you will need to make some hard decisions.

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At least this candidate has a unique idea for a change although I suspect he wants a government takeover/solution. But, interesting that he has singled them out and maybe some need a little guidance and creative thinking nobody has mobilized. There are other philosophic (liberal) articles roasting Malls as relics of over-optimistic captalism, etc. I […]

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Contributor Post Created with Sketch. Even as the US Economy Produces More Jobs and Higher Wages, Somehow Capitalism Stays Broken. Weird.

 

Today’s populists overindulge in unwarranted economic nostalgia. For them, the immediate postwar decades were when America was really great. But maybe it’s a more recent period that they should be pining for. If you’re trying to make the case that “capitalism is broken,” then the Great Recession of 2007-2009 was your big moment. Capitalism seemed shattered, not just broken. It looked like this sucker was going down, to paraphrase President George W. Bush.

But then the economy started to recover, slowly but steadily. Indeed, the US expansion hit the 10-year mark this month and is on the verge of its longest-run on record if things stay on track through July. An economy that’s producing gobs of jobs every month — a total of 20 million since 2010 — as it grows year after year is a dodgy example of broken capitalism.

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Being a bipolar psychologist must be quite an experience: “Huh. Here I am, entering a manic state, and even thinking about my disordered thinking. I could give a lengthy disquisition on the neurochemical causes of bipolar disorder. Yet I can’t seem to do anything about it. How very ‘meta’ (as the kids say). Consciousness is strange.” […]

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 Our old friend, Claire Berlinski, has a very good piece in the City Journal about a communist festival she attended last Fall. In classic Berlinski style, she captures the fist in the air punch with all its Marxist glory, using her funny/serious, tongue-in-cheek writing style. It’s a snapshot of the mindset of current zombie European […]

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Jim Geraghty of National Review and Greg Corombos of Radio America argue that Beto O’Rourke running for president is actually a good thing because it will either show media infatuation can get you elected or burst O’Rourke’s hype bubble. They are also concerned by the alarming rise in mental health disorders in teens that is […]

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Hello podcast fans, young and old, big and small and welcome to this edition of the Harvard Lunch Club Political podcast, number 215(!!!) the Irredeemable AOC edition of the show with your lost-soul hosts, east coast radio guy Todd Feinburg and west coast AI guy Mike Stopa. Each week we bring to you the meat, […]

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You see these guys almost every day standing on the sidewalks with their garish slogan-covered signs, doing their part for a cause greater than themselves. Not content to sit at home and do nothing, these sign holders, walkers, wavers, and twirlers advertise businesses large and small with no every thought of payment. These are the […]

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Free-market advocates must not be beguiled that technological change and disruption mean the end of capitalism. Conservatives and classical liberals face a challenge today similar to that faced by William F. Buckley Jr. at the founding of National Review as he stood athwart history yelling, “Stop!” Socialists of Buckley’s day spoke of dialectical history inevitably […]

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Carol Roth is a recovering investment banker, entrepreneur and author of The Entrepreneur Equation, the anti-motivational, motivational book about entrepreneurship and a realistic take on starting a small business. She and Bridget discuss the factor that jealousy plays in the tragic loss of the American Dream, being spoiled and ungrateful in a capitalist society, the […]

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A retake on a Christmas classic, A Capitalist Christmas Carol tells the tale of a socialist curmudgeon named Bernie Sanders. Bernie is a Democratic senator from Vermont, whose whole governing philosophy is to gut the rich and resist the free market. Through the visits of three Spirits, he evolves into a kind, liberty-loving free-marketer. https://anchor.fm/statesponsoredprogramming/episodes/A-Capitalist-Christmas-Carol–Ep–10-e2rmbm […]

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There is a daily blogger who appears in my medium.com feed almost every day, because many months ago I made the mistake of commenting on something he’d written. It was a mistake because his daily columns are easily some of the worst examples of “economics” in existence. Occasionally I tweet out this trash with a […]

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Recommended by Ricochet Members Created with Sketch. Providing a Service People Want Isn’t “Exploitation”

 

A Harvard survey last month found that a slim majority of millennials reject capitalism, and with the quality of media reporting about business and the economy, it’s not hard to guess why. (Not to mention the pitiful state of economics education in public high schools.) The Washington Post published a story today that perfectly illustrates the extent of the problem in a single sentence.

The story is about single women in China who have passed their early 20s without a husband, which they say brings shame to their families and have turned to “love markets” as a last resort. Turns out that some entrepreneurs have started companies to help these women find husbands. These are more than dating websites. The companies train the women in man-finding techniques and search cities to help them locate eligible men.

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Edward L. Glaeser addresses the challenges of convincing skeptical millennials and younger Americans about the merits of capitalism in the Manhattan Institute’s 2018 James Q. Wilson lecture. Young people in the United States are moving steadily to the left. A recent Harvard University poll found that 51 percent of Americans between ages 18 and 29 don’t support capitalism. The trend is visible on the ground, […]

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The recent Helsinki Summit between Putin and Trump, on the heels of meeting with NATO, is upsetting the usual people. What isn’t being talked about is the full-on, deliberate import of socialism, and the denigration of capitalism across all parts of society. Claire Berlinski writes in The Daily Beast, “The United States built the modern […]

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Catching Formerly Fatal Cancers in Time, Curing the Incurable, All on a Budget?

 

We live in an amazing time. Despite all the disputes and anxiety about the health care delivery system, research still brings new miraculous cures. So, can we get the goose to keep laying golden eggs at something more like chicken feed, rather than kale, prices?

Recent news points towards early detection of cancers which usually are not detected until it is too late, and techniques to get a patient’s body to effectively recognize, attack and destroy cancer.

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