Capitalism

Cotton and the Miracle of the Self-Regulating Market

Cotton and the Miracle of the Self-Regulating Market

December 19, 2017

The miracle of the automatic self-regulating market in action. During the 1930s over-production of cotton chronically ran over by 50% and more. Since cotton is a durable product all of these years of over production just swelled the mountains of cotton sitting in warehouse waiting for demand. In 1933 the cotton stored in warehouses equaled the entire world demand.


Briefly Noted

Recently Noted: World Inequality Report 2018 – findings and policies

Recently Noted: World Inequality Report 2018 – findings and policies

December 14, 2017

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.


Books

An American Sickness by Elisabeth Rosenthal – book review/critique

An American Sickness by Elisabeth Rosenthal – book review/critique

August 2, 2017

An American Sickness by Elisabeth Rosenthal is important and disappointing. Despite all of the information about the failings of our market-based healthcare system Rosenthal abandons her analysis when it comes to treatment.


Briefly Noted

Recently Noted – about healthcare

Recently Noted – about healthcare

July 30, 2017

Recent NYTimes article broadly acknowledges what every other developed country has recognized for decades, healthcare is not a good candidate for market control.


Briefly Noted

2017 ASCE Infrastructure Report Card

2017 ASCE Infrastructure Report Card

July 26, 2017

The American Society of Civil Engineers has released another of their series of infrastructure report cards. The 2017 report card shows a “D+”…….


Briefly Noted

Recently Noted – about free market capitalism – is capitalism the real problem?

Recently Noted – about free market capitalism – is capitalism the real problem?

July 14, 2017

Capitalism is driven by a single internal logic that requires the transformation of people and nature into commodities to produce profits. This logic is amoral and the system, excepting for external controls by government and social institutions, just churns on.


Capitalism

Capitalism and Innovation

Capitalism and Innovation

July 5, 2017

For all of the chest beating about the bold risks taken by capitalists, the capitalist time horizon is very short when compared to the many years of work that have gone into almost every significant scientific and technological advance. Without extensive government investment in activities that deliver longer term success, the capitalist system will simply eat its seed corn until it is gone.