capitalism

This tag is associated with 11 posts

Invisible Hand of the Market and Other Turbo Capitalist BS

Turbo capitalists are fond of quoting Adam Smith’s “Wealth of Nations,” while failing to read all of what he said. They cherry pick his “invisible hand” of the marketplace as sort of a transcendent religious doctrine proving that maximum profit at any cost benefits everyone. “Don’t try to regulate business! Don’t mess with the invisible … Continue reading

Ironies of Capitalism

Ironies of Capitalism Communists said capitalism would die due to it’s inherent contradictions. It was inevitable, they said. Yet they weren’t willing to wait for it’s inevitable collapse, because apparently, like many end-timers, they wanted to help the Inevitable get a freakin’ move on. John Maynard Keynes said, “Capitalism is the astounding belief that the most wickedest of … Continue reading

Marijuana Kills Cancer? Is that why you called it Killer Weed?

Oops-it appears that marijuana kills cancer cells and has other health benefits, according to the National Institute on Drug Abuse. By the time such information reaches a government website, it has had to crash through the gates of many Gate Keepers. It takes a long time. Meanwhile, no one’s life has not been touched by cancer, … Continue reading

The Revolutionary Herb Farmers: “We have enough.”

While studying political philosophies, my mind often wanders back to O’Toole’s Herb Farm. They do not consciously espouse any political philosophy, they are too busy working for that. Political theoreticians do not work; not a single one of the original Bolsheviks, claiming to be doing it all for The Workers, ever set foot in a … Continue reading

A banker, a mechanic and a homeless man sit down for breakfast

A banker, a mechanic and a homeless man sit down for breakfast in a crowded diner. The banker is on his way to a meeting and seldom eats in diners. The mechanic eats there every day and the homeless man raked someone’s leaves and got enough money for a meal. They order ten pancakes and … Continue reading

Marx had it wrong, but probably not the way you think

Many people in the west think they know all they need to know about communism. It’s bad, evil and “bloody.” After sixty years of constant anti-communist propaganda, what is left to know? Right-wingy news pundits cut out little tails and pin them on their cartoon donkey labeled “Communism” and the public responds like Pavlov’s dogs: … Continue reading

Adapt or Die-the vital need for reform

John Kennedy once said, “Those who make peaceful revolution impossible will make violent revolution inevitable.” “Revolution” is a word with positive connotations in America, but not in other countries. In fact, most revolutions end with many deaths and a new government installed that is just as bad, if not worse, than the original one. Ask … Continue reading

Phony Choices: Capitalism vs Communism

Many Americans, after sixty years of intense propaganda, react to the words “communism” “socialism” or “leftist” the same way your knee reacts when the doctor taps it with that little rubber hammer. This reflex proves that the sixty years of propaganda has done its job. It is high time to be free of that reflex. … Continue reading

Beyond Capitalism vs Communism: Modern Money Theory

Perhaps you, like I, see problems with both cowboy capitalism and creaky communism. But what is the alternative? As Monty Python used to say, “And now for something completely different.” Modern Money Theory is simply the contention that any nation that has a sovereign currency, that is, ‘prints’ its own money, can never go broke, … Continue reading

Adam Smith on Compassion-What Free Marketeers Don’t Tell You

Adam Smith, is known as the “Father of Modern Economics” because of his 1776 book, The Wealth of Nations. He is quoted as stating that everyone acting in his own self-interest will result in the good of all in the long run. The theory is that in a free market, people will choose what to … Continue reading