Introducing the In Depth series on the actual workings of capitalism. Commentary on economic theories.
Video Post – Introduction to In Depth Capitalism Series
free-market ideology
Recently Noted – free-market capitalism
PDF 📄Companies must externalize as many costs as possible in free-market capitalism. Without adequate government protections you will end up with this kind of environment. from the New York Times: Nearly 14,000 Companies in China —>> read more –>>
economy
Recently Noted: World Inequality Report 2018 – findings and policies
Inequality in wealth and income is a continuing global crisis. The World Inequality Report 2018 defines the problem based on wealth ownership and the transfer of public wealth into private hands. Their are solutions but they require political organization and will. —>> read more –>>
environment
Dumping Concrete: a law of capitalism In action – a local example
Every company seeks to get someone else to pay for as many of its costs of doing business as possible. The laws of capitalism require this. If all of Stickles’ competitors are similarly avoiding the costs of disposing of their waste concrete they must do likewise. Otherwise their cost of doing business would be higher. In the short term their profits will be lower. In the longer term they will be forced out of business because they will have to charge higher prices. This is so regardless of the moral values or sense of community of the owners of F.H.Stickles. This how capitalism works. —>> read more –>>