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Keyword: capitalism

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  • Castro freezes Cuban private sector, throws future in doubt

    02/01/2018 6:05:13 AM PST · by Brilliant · 14 replies
    AP ^ | Feb 1, 2018 | ANDREA RODRIGUEZ
    Two years after taking office, President Raul Castro widened the niche for private enterprise in Cuba's state-dominated economy. Capitalism came pouring in. Slowly at first, then gaining speed, spare rooms for rent became rental homes, which became boutique hotels. Backyard cafes became elegant restaurants and bustling nightclubs, backed with millions in capital from the prosperous Cuban diaspora in Miami, Latin America and Spain. English tutors started citywide private after-school programs. And the booming private economy reached into the Communist-led bureaucracy - paying off inspectors, buying stolen state goods and recruiting talented employees with salaries dwarfing those in the public sector....
  • Campus watchdog issues list of outrageous college courses

    12/19/2017 6:03:52 PM PST · by EdnaMode · 9 replies
    Washington Examiner ^ | December 19, 2017 | Lauren Cooley
    Young America’s Foundation has published a catalog of the most outrageous college courses nationwide and the results may indicate why millennials are so far left leaning. Trends include the blurring of gender lines, the demonization of whiteness, and the evils of capitalism. YAF notes that “intersectionality” or as Webster’s Dictionary describes it, “the complex, cumulative way in which the effects of multiple forms of discrimination (such as racism, sexism, and classism) combine, overlap, or intersect especially in the experiences of marginalized individuals or groups” has permeated most curriculums and aids professors and administrators in teaching identity politics and victim mentality...
  • 'Christ' Purged from Christmas and the Left Rejoices

    12/15/2017 10:00:48 PM PST · by Oshkalaboomboom · 19 replies ^ | Dec 16, 2017 | Douglas MacKinnon
    Newsflash: The War on Christmas is over. Those who rightfully believe that Christ needs to be a part of Christmas and those rebelling against the politically correct tyranny looking to strip all spirituality from the holiday have lost. You have lost. We…have lost. According to the latest results from the Pew Research Center – and already being gleefully shouted from the rooftops of certain left-leaning media sites orchestrating the campaign against faith-based Christmas – while 90 percent of Americans still celebrate Christmas in one way or another, a majority find that the religious elements of Christmas are emphasized less and...
  • All main stock indexes close at records ahead of GOP tax bill draft [TRUMP EFFECT]

    12/15/2017 1:43:58 PM PST · by Enchante · 59 replies
    Morningstar ^ | December 15, 2017 | Sue Chang
    All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final version of the tax bill. Stocks have been sensitive to developments from Capitol Hill on the tax bill and any news that is viewed as a step closer to enacting tax cuts tend to buoy market sentiment. The Dow rose 140 points, or 0.6%, to close at 24,648. The S&P 500 climbed 23 points, or 0.9%, to end at 2,675 while the Nasdaq Composite Index gained 80...
  • How Thanksgiving Celebrates The Birth Of American Free Enterprise

    11/23/2017 9:09:43 AM PST · by sloop3
    This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.
  • Give thanks: You’re better off than a billionaire

    11/22/2017 11:19:01 AM PST · by VegasVictor · 42 replies
    Las Vegas Review-Journal ^ | November 22, 2017 | Victor Joecks
    Looking for something to be thankful for? Try this. You have it better than billionaire John Rockefeller (1839-1937) ever did. Rockefeller founded the Standard Oil Co. and became one of the richest men in American history. When he died, he had a fortune worth around $1.4 billion, or $25 billion in today’s dollars. He had more money. You have better stuff. How many lights did you turn on today? Thomas Edison didn’t patent the incandescent light bulb until Rockefeller was in his 40s. There wasn’t an electrical grid, so small generators powered the first light bulbs. Today, electricity is an...
  • Socialist Students Reject Food Drive Challenge [semi-satire]

    11/20/2017 10:28:00 AM PST · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 19 Nov 2017 | John Semmens
    At Kent State University in Ohio, two left-wing student clubs—the Young Democratic Socialists of America (YDSA) and the Socialist Collective (SC)–rejected a challenge from Young Americans for Liberty (YAL) and Turning Point USA (TPUSA) to see which organization could gather the most food for poor people in a campus-wide canned food drive. YDSA chapter co-chair, Ethan Comeriato, explained “While in the short run the food drive would benefit the public our participation would detract from our long-term goal of helping the poor through socialism. The flaw in all charitable giving is that the giver has the option to refuse. In...
  • Reagan Reborn: Emmanuel Macron Set to Lead a French Economic Revolution

    11/18/2017 9:54:45 AM PST · by GoldenState_Rose · 22 replies
    Forbes ^ | July 2017 | Thomas Landstreet
    We took a look at Macron’s character; does he mean what he says?... What kind of a leader will he be? We analyzed many of his speeches, including his recent 2-hour address to the parliament on opening day, and we’ve found his rhetoric to be similar to that of U.S. President Ronald Reagan. Now, all politicians give great speeches. What’s notable about Macron’s is his brazen criticism of the state and its socialist policies; his gentle admonitions to his countrymen about the poor state of affairs that they’ve allowed their country to end up in. Here’s a sample of his...
  • Commentary: Why social democrats have become irrelevant

    11/17/2017 10:35:10 AM PST · by Oldeconomybuyer · 12 replies
    Reuters ^ | November 17, 2017 | by John Lloyd
    In almost every country in Europe, parties of the center-left struggle to remain competitive in the political arena. Yet social democracy - though it can claim success in creating and developing public services which have improved the lives and health of citizens - can now rarely convince its former supporters that it’s still worth their votes. Since the war (WW II), social democratic parties offered capitalism a deal. The state would be largely responsible for public welfare and education, and organized labor would – in varying degrees – be granted strong bargaining rights, even co-determination in enterprises. Capitalism would be...
  • Surprisingly, support for capitalism in Latin America on rise despite leftist leaders

    10/30/2017 9:06:16 AM PDT · by MtnClimber · 9 replies
    Miami Herald ^ | 27 Oct, 2017 | ANDRÉS OPPENHEIMER
    This may come as a surprise, but support for the free market is reaching record highs in Latin America. And what’s even more amazing, capitalism is most popular in countries where leftist leaders lash out against it on a daily basis. In theory, this could pave the way for a golden era for foreign and domestic investors in the region. The startling information about the rise of pro-capitalist sentiment in Latin America is part of soon-to-be-released figures from Latinobarómetro, an annual regional survey. According to the data, the percentage of people in the region who agree with the premise that...
  • Robots Won't Kill Capitalism, They'll Rev It Up

    10/26/2017 9:34:44 AM PDT · by SeekAndFind · 8 replies
    RCM ^ | 10/26/2017 | Allan Golombek
    Yanis Varoufakis resigned as finance minister of Greece after only six months on the job, following what he described as his own “complete failure” to negotiate a resolution of his country’s debts. A little over two years later, he has restored sufficient confidence in his views to predict the end of capitalism. Varoufakis told an audience at University College London a few days ago that large technology corporations and artificial intelligence will cause capitalism to undermine itself, with technology eliminating more jobs than it creates. As an example, he cited Google, the search engine giant that after less than 20...
  • A Lifetime of Taxes Is Enough

    10/24/2017 4:26:52 AM PDT · by Kaslin · 23 replies ^ | October 24, 2017 | Stephen Moore
    My father built a small business from scratch with years of sweat equity and many weeks and months away from home. He employed about 100 people, and by the end of his working years, the business was highly successful. He became a millionaire. He lived the American dream. He sold a product that people wanted, provided a solid income for many families and gave lots of money to our church and numerous other charities. And every year he paid his taxes. Over the course of his lifetime, he paid millions of dollars in income taxes, sales taxes, payroll taxes, property...
  • Fortune 500 firms 1955 v. 2017: Only 12% remain, thanks to the creative destruction

    10/21/2017 6:59:28 PM PDT · by SeekAndFind · 24 replies
    AEI ^ | 10/21/2017 | Mark J. Perry
    What do the companies in these three groups have in common?Group A: American Motors, Brown Shoe, Studebaker, Collins Radio, Detroit Steel, Zenith Electronics and National Sugar Refining.Group B: Boeing, Campbell Soup, Colgate-Palmolive, Deere, General Motors, IBM, Kellogg, Procter and Gamble, and Whirlpool.Group C: Amazon, Facebook, eBay, Home Depot, Microsoft, Google, Netflix, Office Depot and Target.All of the companies in Group A were in the Fortune 500 in 1955, but not in 2017.All of the companies in Group B were in the Fortune 500 in both 1955 and 2017.All of the companies in Group C were in the Fortune 500 in...
  • The Intellectual Roots of the War against Columbus

    10/09/2017 9:37:56 AM PDT · by EveningStar · 15 replies
    National Review ^ | October 9, 2017 | Jennifer C. Braceras
    Bashing Christopher Columbus has long been de rigueur among the liberal elite. Today, it has infiltrated our nation’s classrooms and poisons our public discourse. You know the mantra: Columbus was a greedy and egomaniacal villain who brought slavery, disease, “genocide,” and ecological ruin to a previously undisturbed land. Rather than honor this legacy of “hate,” the argument goes, Americans should celebrate the peaceful indigenous peoples who populated this hemisphere long before their lands were stolen by European explorers. The war against Columbus is cloaked in the lexicon of “diversity” and the rhetoric of “inclusion.” But what many of its foot...
  • Why the world needs capitalism

    09/25/2017 7:14:56 PM PDT · by SJackson · 7 replies
    September/October, 2017 ^ | 9-25-17 | John Silveira
    Our friend, O.E. MacDougal, came to visit us at Backwoods Home Magazine and to fish the rivers and the coast of southwestern Oregon. It was going to be a long, relaxing Fourth of July weekend for him. Mac, as we call him, is Dave Duffy’s poker-playing friend from Southern California, and Dave, of course, is the publisher of this magazine. Whether or not communism, socialism, and fascism have any success depends on how they deal with capitalism. I was at my desk thinking about some things while half listening to them as they sat at the editorial table in the...
  • Confederate Statues and Capitalism

    09/21/2017 6:16:04 PM PDT · by MosesKnows · 6 replies
    Sept 21, 2017 | MosesKnows
    Confederate Statues and Capitalism Someone in a famous Paltalk political chat room I favor offered a link from a local morning radio show pair who borrowed the “A Place for Mom” theme. Finding a home for Confederate Statues. They titled their segment, “A Place for Bob”, with Bob for Robert E. Lee. It was entertaining but I found it thought provoking. The issue of Confederate Statues is simply whether the removal is legal. Assuming the majority of the removals is legally accomplished I wonder where they will go. This is where Capitalism enters the scene. I believe a display of...
  • Mississippi inmates break out jail, burglarize nearby store, then sneak back into jail

    09/21/2017 3:37:03 PM PDT · by ColdOne · 26 replies ^ | 9/20/17 | nbcnews
    (NBC News) - Four Mississippi inmates are facing more charges after allegedly breaking out of jail, burglarizing a nearby Dollar General store, and then sneaking back into jail without being noticed by guards. snip "They stole cigarettes, cigarette lighters, phones and just items they felt they could sell in jail," said Lexington Police Chief Robert Kirklin. After grabbing the items in the store, the chief says instead of making a run for it, the men sneaked back into jail unnoticed. Williams even bonded out for another charge before authorities figured out what happened.
  • Millennial Pander: M&Ms Promotes Wind Power

    09/12/2017 2:27:14 PM PDT · by Kaslin · 13 replies
    Rush ^ | September 12, 2017 | Rush Limbaugh
    RUSH: Now, this stuff, you know, I have been concerned. I love America! I want it to continue to be the greatest place on earth. I want everybody in this country to be able to maximize the opportunity that liberty and freedom give them. And it’s liberty and freedom that are under assault by these people that are demanding conformity, in speech, in behavior, demanding conformity in acceptance. And we see it manifesting itself. I don’t know how old Sergio is. He’s probably in his twenties, maybe early thirties, but he’s part of Millennial generation, and iGen is what follows...
  • Cut government rules, like building codes, and private sector will solve society’s problems

    09/06/2017 2:41:31 PM PDT · by Oldeconomybuyer · 38 replies
    San Jose Mercury-News ^ | September 6, 2017 | by Tim Draper
    Most governments compete for the innovators of the world. In the United States, however, every great innovation leads to more government departments and more regulation, lessening the incentive to innovate. So companies innovating around drones, Bitcoin and initial coin offerings, driverless cars, and many new drugs are moving their operations overseas. What if policymakers instead adopted an entrepreneurial mindset? Delegating responsibility for our poor, our criminals, our sick, and our uneducated to the government may seem easier. But in practice, if incentives are aligned, it is far more effective to keep responsibility with the people, who can innovate and provide...
  • Evans’ 5 Simple Rules for a Vibrant Economy

    07/26/2017 1:25:45 PM PDT · by Academiadotorg · 12 replies
    Accuracy in Academia ^ | July 26, 2017 | Malcolm A. Kline
    Last week, a dear friend of Accuracy in Academia, author M. Stanton Evans (1934-2015), would have turned 83. Although he focused most of his energies in his later years on researching and writing about the history of espionage and internal security in the United States, he had quite a background in economics as well, much to the benefit of his readers over the course of his career. Indeed, he studied under the noted Austrian economist Ludwig von Mises. On at least half a dozen occasions, I heard him outline what he saw as five essentials for a functioning economy. They...