Political radicals are in the news, especially in Greece and now Spain. In the midst of tragic suffering, people are being seduced by the curse of easy answers. State socialism has always aimed at a spectacular improvement in the average person’s standard of living. It is a noble intention which […]
Read MorePost Tagged with: "Capitalism"
In Defence of Capitali$m | a Christian perspective for BMS World Mission
[BMS World Mission asked me to write a defence of capitalism from a Christian perspective for their magazine Mission Catalyst. It appears in Issue 4 2014, alongside a defence of socialism. The article is online here and reproduced below. The entire issue is available to read as published here. I may […]
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Of course shareholders should control executive pay
Via the BBC: Swiss voters have overwhelmingly backed proposals to impose some of the world’s strictest controls on executive pay, final referendum results show. The measure has two important strands: shareholders will have a veto on executive remuneration and golden hellos and goodbyes will be banned. The former is a […]
Read MoreEnding crony capitalism – how markets work
Crony capitalism — businesses capturing the state for commercial advantage, serving politicians and officials instead of the public — ought to be brought to an end. A prerequisite to that is a good understanding of how social cooperation in the market works. Israel Kirzner’s, How Markets Work: Disequilibrium, Entrepreneurship and […]
Read MoreWhole Foods CEO John Mackey on the Moral Case for Capitalism
Via, The 15 Best Videos on Commerce and Entrepreneurship, Whole Foods CEO John Mackey on the Moral Case for Capitalism: You have empathy and care and sympathy for others and you have the foundation for a great economic system. But intellectuals and economists ignored that ethical foundation for capitalism and […]
Read MoreWho Exploits You More: Capitalists or Cronies?
Via Learn Liberty, Who Exploits You More: Capitalists or Cronies? See also this short book on how political decisions come to be made: Public Choice – a Primer by Dr Eamonn Butler. Or watch Yes, Minister.
Read MoreIs Capitalism “Pro-Business?”
Via Learn Liberty, Is Capitalism “Pro-Business?”
Read MoreLuigi Zingales – Capitalism for the People: Recapturing the Lost Genius of American Prosperity
This morning, I had breakfast with the engaging and insightful Luigi Zingales, Professor of Entrepreneurship and Finance at Chicago Booth and author of Capitalism for the People: Recapturing the Lost Genius of American Prosperity. Via Amazon: A rising star in economics takes a forceful and sometimes personal look at how […]
Read MoreCrony capitalism is so entrenched, we scarcely even spot it
The Transport Committee met today for an evidence session on low carbon vehicles. It illustrated that crony capitalism is now not merely entrenched and passed over, but borne out of the good intentions of a global regulatory elite. In the first session, we learned that “consumer demand is lagging policy”, […]
Read MoreOn double-dip recession, Tullett Prebon rightly ask “What’s the big idea?”
The latest strategy note from Tullet Prebon asks, “What’s the big idea?” with the subtitle “the imperative need for a new ideology”, writing: Effective government is not simply a matter of management. Even in good times, competence is barely enough. In bad times, ideological clarity is imperative, and the lack of […]
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