Economics in Less than One Lesson
From the good folks who give us M&Ms: “Freedom allows us to shape our future; we need profits to remain free.”
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capitalism
Hooray for Rich People!
It’s well-known that The Free Agent is catholic in her affections and radical in her opinions, so in celebration of the end of the Awful Aughts decade, she offers her Top Ten Reasons to Love Rich People: 10) They’re recession-proof. The New Yorker reports that someone in this world ordered an $87,000 custom-made purse last
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No Free Market on Pandora
“Avatar”, James Cameron’s triumph of 3D visuals over 2D story and characters, has been described as a searing sci-fi indictment of capitalism. So much so, that the Free Agent’s friends and family have been turning cyber-eyes her way for an expected dissection and rebuttal. Well, I finally saw it a week ago, and all I
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How to save capitalism
Credit is a double edged sword. For millions, it is the very reason why they have a roof over their head. It has allowed businesses to prosper and come to life in the first place. When used responsibly, it helps create countless jobs, products and services. Credit is actually a right. But when exploited, it can charge a highly usurious interest on our freedom.
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Savage neo-liberal capitalism
Will anyone other than the financial papers bother reporting about Raine’s and Fannie Mae’s shoddy accounting practices that involved overstating profits by $6.3 billion, making the infamous Ken Lay and Enron’s $567 million overstatement look like a conceivable mistake? Where is the outrage in the mainstream media now?
As usual, it will be misplaced by journalists who find it much easier to report unfounded drivel. Such as the current chorus of “intellectuals” who don’t understand actual, inevitable economic realities such as price elasticity and budget constraints but are quick to coin misleading, albeit catchy phrases such as “savage neoliberal capitalism”.
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