Short-selling and the Self-fulfilling Prophecy
The lesson of GameStop brought home
Category: capitalism
How to Understand Capitalism and Socialism
A burning topic, figuratively and literally.
Socialism as a Rival of Organized Christianity
BY THE REV. THOMAS C. HALL, D.D., PROFESSOR OF THEOLOGY IN UNION THEOLOGICAL SEMINARY. Modern Protestantism is woefully ignorant of its most formidable rival. The Catholic Church has been painfully awakened in France, Belgium and Italy. Protestantism awaits its awakening. There is now no country of economic importance without a growing party raising the banner of … Continue reading “Socialism as a Rival of Organized Christianity”
Consumers of the World, Unite!
There is something different, something new and unprecedented, about the generations of the 20th and 21st centuries as compared with all those that went before them. This was already noted in 1930 by the great Spanish journalist and philosopher José Ortega y Gasset, when he unveiled[1] the phenomenon of el hombre-masa, the mass-man, otherwise known … Continue reading “Consumers of the World, Unite!”
On the Road to Elysium
The 2013 movie Elysium depicts a dystopian future of unremitting, jarring poverty juxtaposed with serene, detached wealth. Literally detached: wealth resides in a lavishly equipped, lebensraum-furnished space station, high above an impoverished, exhausted Earth. The planet is only useful as a source of provision and maintenance for the space station; its fruits have been extracted … Continue reading “On the Road to Elysium”
Carrying the Water
I am struck with disbelief with the apparently unlimited extent of their smug arrogance. It is these very men (and yes, they are mostly men!) who are singularly responsible for the mess we are in. Blair and Clinton in particular presided over the massive accumulation of debt, reckless deregulation and disproportionate and unbalanced boom in … Continue reading “Carrying the Water”
The Mystery of Capital in Context
Given the rancorous debate unleashed by the UK electorate’s decision to depart the European Union – in particular, regarding the damage to the UK economy that independence might bring – it seems wise to re-examine the foundations of economic prosperity and its relationship to political and legal factors. I do so by examining Hernando de … Continue reading “The Mystery of Capital in Context”