Tag Archives: Capitalism

The Changing Face of Labor in China

Posted on July 13, 2010 | Leave a comment

Slave wages in putrid working conditions.  That’s China.  Right?

If you think so, your opinion is shared by many American’s.  And it’s wrong.

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Posted in Economics, Liberty, Politics: International

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Going Green: Free Market Style

Posted on June 6, 2010 | Leave a comment

Imagine a combination of Green Peace and Ayn Rand. A sort of free market approach to protest the free market.

Got it?  Great.  Cause it makes MY head hurt.

But it would seem that’s exactly what’s going on in a restaurant in Sydney.

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Posted in Economics, Fun, Global Warming, Liberty

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Power Hungry Leftists

Posted on May 21, 2010 | Leave a comment

At some point, the results have to implicate the system.  At some point, we have to push back from the table and see what it is that we have caused to occur.

Has the rhetoric of our elections brought about that things that we have promised?  ProtestsOr have we caused the exact opposite to occur?  In our quest to provide food for the masses, have we, in fact, brought about the opposite?  In an effort to set to work the poor, have we taken from them the opportunities that bring about job creation?  In short, is what we are doing working?

Or, perhaps, as citizens, we have to step back and begin to wonder if it’s really the aim of the government to provide in the first place?

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Posted in Economics, Economy, Liberty, Politics: International

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Corporations: Too Big to Stop

Posted on May 17, 2010 | Leave a comment

All we here from Obama and the Left these days is that corporations are evil.  They are too big to fail.  They are only craven beasts intent on profit.  They must be stopped.  And failing that, they must be limited.

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Posted in Economics, Technology

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The Power of the Free Market

Posted on January 4, 2010 | 2 comments

Creative Destruction

The new reigning champion?  The cell phone.

The devices left in its wake:

  1. Digital assistant
  2. Telephone
  3. Digital camera
  4. iPod
  5. Watch
  6. Alarm clock
  7. Radio
  8. Radar detector
  9. GPS device
  10. Video game
  11. Answering machine
  12. Computer

These are just a few.  Many many more are being “destroyed” everyday.

The impact?

Investors should heed the mobile phone’s Schumpeterian powers. When the century began, bankers ‘beamed’ each other information via the now-quaint infrared technology of the Palm Pilot, whose maker boasted a $92 billion market value. Palm shifted into mobile phones but lost 97 percent of its value along the way. This should provide a cautionary tale to other industries standing in the cell phone’s path.

But is this a good thing?  With all of these “industries” going the way of the dinosaur, aren’t we all worse off?

There will certainly be winners from the cell phone’s creative destructive properties. New companies will spring up to innovate. Each wave of technological innovation creates more market cap than the one it replaces, Morgan Stanley notes.

Indeed.  Rage on.

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Posted in Economics

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