UPDATE 5: NEWSFLASH: RTC/RFC proposal, also new FDIC for MMFs
This just in, Treasury Secretary Paulson now confirming that the government is pursuing a plan similar to what happened to the savings and loan. While the exact details haven't been released. I will be...
View ArticleAmerican Capitalism Has Failed: A New Manifesto - Part 1
We need a new economic system because the old has failed. American Capitalism has failed so many people in so many ways. We need to transform our economy to one that works for the most people possible....
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The Way the World Works
By NumerianChances are if you are a typical American consumer you have purchased something made by Foxconn Technology Group. This giant Taiwanese-owned company is under contract to make Sony’s...
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Egypt and the False Dilemma - Decline and Fall (Maybe) Jan 31
By Michael CollinsCongress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the...
View ArticleWhy Atlas Shrugged
Ayn Rand’s Objectivism glorified wealth-creators over moochers, but Wall Street traders might surprise surprised to learn which category they’re in....
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World-Market State vs. Democracy: Why We Should Go Over the Fiscal Cliff
International corporations use “free market” capitalism ideology to justify globalization and create a “world-market-state.” Supposedly, “free market” capitalism makes America’s economy efficient and,...
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Free Markets are Fraudulent Markets
How the Financial Elite Con Us into Wanting the Wrong Thing Competitive or self-regulating market economies promote dynamic creative destruction and rebirth—led by people’s needs, wants and desires,...
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Global Capitalism Has Written Off The Human Race
Economic theory teaches that free price and profit movements ensure that capitalism produces the greatest welfare for the greatest number. Losses indicate economic activities where costs exceed the...
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This Is No Economy For Americans
This article was originally published on the Paul Craig Roberts websiteThe Dow Jones stock average closed early September Friday at 17,137, despite the fact that the payroll jobs report was a measly...
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The Looting Machine Called Capitalism
I have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment....
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