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Hardcore economists believe the mystique power of the 'invisible hand' in the market, first conceived by Adam Smith, essentially creates a self-equilibrating market. But our columnist Taye Negussie (PhD) argues such characterization of the market,
David Simon, the toast of Hollywood and the cultural elite for creating the inner-city Baltimore crime drama "The Wire" for HBO, unleashed a left-wing jeremiad on the "Two Americas" at a "Festival of Dangerous Ideas" in Sydney, Australia. He also
The cool new pope, "Francis" (not his real name), released his first apostolic exhortation this week, and much of it focused on the grotesque excesses of capitalism...Peggy Noonan, the leading ( shudder ) Catholic Republican voice in America, spends
Pope Francis has been swiftly branded anti-capitalist, Marxist and even Communist, just for pointing out that people should not worship money, corruption should not be tolerated, and that our global economic system should create more jobs for people
Binata Pinata stands on top of a rock holding a fish her husband Kaibakia has just caught off Bikeman islet, located off South Tarawa in the central Pacific island nation of Kiribati. Calif. (MarketWatch) Yes, many capitalists are getting rich off
Pope Francis condemned greed and the worship of money, not democracy and capitalism. MarketWatch) Contrary to an opinion that seems to be popular in certain circles, Pope Francis did not attack global capitalism in his apostolic exhortation last week.
Dec 3, 2013 Forget, for the moment, that he is the pope, and that Holy Father Francis' apostolic exhortation last week was addressed to the bishops, clergy, consecrated persons and the lay faithful. Even if, like me, you don't fall into one of those
A set of assumptions so appealing that one looks at their abstract logic rather than how the world actually works. (See Insanity.) Ignorance: Socrates said that ignorance was the source of evil, because nobody knowingly commits evil.
I also hope that except for an emergency run for whipped cream to top the pumpkin pie, you didn't shop Thursday. Because rampant consumerism is ruining America and the rest of the world...On Tuesday, Pope Francis published his first solo-authored
During the boom times, this kingdom tickled the heavens with building after glassy new building, binged on elephantine jets, and persuaded the French, of all people, that a second Louvre should be built and here. In the roaring 2000s, growth here was