Tag Archives: capitalism

Papal Populism

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

At the height of the Guilded Age in America and the Industrial Revolution elsewhere, Pope Leo the XIII issued a papal proclamation on the plight of the working classes in the new economy.

Rerum Novarum (Latin for “Of Revolutionary”) ironically was more evolutionary in its approach than revolutionary. It rejected communism as it affirmed the right of citizens to have private property. But it also said that laborers had a right to organize while rejecting unbridled capitalism. Continue reading →

Can Government ‘Fix’ the Economy?

BY FRANK HILL
Reprinted from TelemachusLeaps.com

There’s several great scenes in the classic ‘A Fish Called Wanda’ where Kevin Kline as the dim-witted narcissistic con-man gets riled up when someone calls him ‘stupid.’

Generally, we have found in life that we won’t follow the lead of someone who calls us ‘stupid’. On the other hand, we have also found that it is very difficult to get people to follow our lead or to even like us when we call them ‘stupid’.

Life just doesn’t lend itself to calling people ‘stupid’ and getting away with it.

Unless you are Nobel Prize-winning Paul Krugman who somehow has kept his job writing for the New York Times and his Nobel Prize despite having none of Continue reading →

Did Obama Ever Run a Lemonade Stand?

BY FRANK HILL
Reprinted from Telemachus.com

This presidential election is going to be about 1 thing and one thing only: ‘Do you believe that America is built on the notion that free people engaging in free enterprise is the BEST thing we can do as a nation…or that everything flows from the federal government?’

That is pretty much it, ladies and gentlemen. We have always had the debate in our national elections over more or less ‘control’ from a centralized authority in Washington starting with the debates in the Constitutional Convention in Philadelphia in 1787. Continue reading →

Hating Business Not Good Business

BY GARY JOHNSON
Reprinted from Loose Change (TCBMag.com)

“Therefore I hated life; because the work that is wrought under the sun is grievous to me, for all is vanity and vexation of the spirit.”—Ecclesiastes 2:17

“Corporations: an ingenious device for obtaining profit without individual responsibility.” Though Ambrose Bierce, a sensationalist writer working for William Randolph Hearst, said it a century ago, it could easily have shown up on any number of signs at rallies across the United States and Europe this year. If 2011 was the year of the Rabbit, 2012 is the year of Business Haters.

Jack Welch, outspoken and legendary former CEO of General Electric, is touring the country with his wife, which is nice. She’s Suzy, an author and former Harvard Business Review editor. Though General Electric has mostly abandoned Welch’s Continue reading →