capitalism

If this past week presents any single lesson, it’s the social costs of greed. Capitalism is premised on greed but also on guardrails – laws and norms – that prevent greed from becoming so excessive that it threatens the system as a…

Photo: f11photo (Shutterstock)Following the stock market can feel like whiplash: It’s down and depressing, and then up and exciting, and back down again. But if you’ve been paying attention even a little bit over the last year or so, you…

If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent lack of class conflict would probably make the revolutionaries think they’d won. They would see a society split on all…

By Frank Shostak* Writing in the Investment Monitor on March 18, 2021, Klaus Schwab, the founder of the World Economic Forum, was urging the replacement of the present economic system. According to Schwab, the present system is…

Boris Johnson’s latest wheeze is classical political economy. Faced with the chaos of petrol shortages, empty supermarket shelves and surging gas prices, Johnson offered an audacious response this week: this was all part of the plan.…