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The word capitalism has no stable definition and should probably be permanently retired. That won’t happen, however, because too many people are invested in its use and abuse.
I’m long over trying to push my definition over someone else’s understanding, …
Years ago as an intern in D.C., and long before the agencies all locked their doors to visitors, I had the occasion to putter around the Department of Transportation and the Department of Housing and Urban Development.
These were obviously …
Here is the result of the Fed’s misbegotten pro-inflation policy since it officially adopted its 2.00% target in January 2012. According to our trusty 16% trimmed mean CPI, the price level is up by +41% since then, and was still …
The US’s serious bout of inflation – mirrored in many countries in the world – was set in motion in the first week of March 2020, like much of the rest of our ongoing emergency. This was a fortnight before …
Imagine a world where ownership is a distant memory, replaced by an eerie semblance of joy in dispossession. In 2016, Klaus Schwab, the enigmatic architect of the World Economic Forum, foretold a future whereby, in 2024, humanity would be stripped …
Here we go again. The Fed has spent the last 16 years fueling the mother of all financial bubbles on Wall Street. And by way of spillover effects on the mortgage market, it has also fostered parallel bubbles in commercial …
Poorly formed expectations are premeditated resentments.
This piece of wisdom occurred to me recently while reflecting on the beginning of the sixth chapter of John’s Gospel. Our Lord performs the miracle of the multiplication of the loaves and fish as …
In the five-year political cycle of the Chinese Communist Party, the Central Committee’s Third Plenum is often considered the most important for the setting out of transformational and strategic economic goals. In reality, there have only been a couple of …
“For what shall it profit a man, if he shall gain the whole world, and lose his own soul?”
Mark 8:36, New King James Bible
Under the New World Order of Stakeholder Capitalism, Business Models Drive Economics, Economics Drives Politics,…Surveillance capitalism is a novel economic system that has emerged in the digital era. It is characterized by the unilateral claim of private human experience as free raw material for translation into behavioral data. In this version of capitalism, predicting and influencing …
The recent British election was, by most accounts, a “service-delivery” vote. Appalled at the state of their public services, Britons opted for new management. And while they need no reminding of how bad things have become, the facts are still …
Canada’s standard of living is on track for its worst decline in 40 years, according to a new study by Canada’s Fraser Institute.
The study compared the three worst periods of decline in Canada in the last 40 years – the …
The sudden economic lockdown of March 2020, the world over, was one of the more shocking moments in history. The very core of the economic problem from the beginning of recorded time was getting more of what people needed to …
The sudden economic lockdown of March 2020, the world over, was one of the more shocking moments in history. The very core of the economic problem from the beginning of recorded time was getting more of what people needed to …
Will Debt Sink the American Empire?
So asks the Wall Street Journal, in an uncharacteristically gloomy article for the bull market’s paper of record.
They kick off with the problem: America is “cruising” into an uncharted sea of federal debt, …