Free Republic

He has not only been feted recently by White House advisors. He is all the rage at the Council on Foreign Relations, the International Monetary Fund, and the United Nations as well. This 42 year economist from French academe has written a hot new book: Capital in the Twenty-First Century. A recent review describes him as the man “who exposed capitalism’s fatal flaw.”

the poor turnaround that Ron Johnson has engineered at JCPenney Co. Inc. (NYSE: JCP). Our take is that this is the beginning of the end and is a prelude to Ron Johnson's termination. Shares have gone from $60 five years ago to under $25 again, and the 52-week range is $19.06 to $43.18. Johnson has been on the job now for just under a year ... Perhaps chimpanzees could have done as well. Howard Davidowitz, of the retail consulting firm Davidowitz & Associates, said on Bloomberg TV that Ron Johnson will "be a goner" in another nine months if this...

What is the breaking point? Where will the resistance form? Heavy questions, but unavoidable in the current political climate. The productive members of society can only be pushed so far, some say. What they envision is not defiance of law or a reversal of the election. It is people's growing disengagement from a new economic order that punishes effort and rewards envy — the creepy future that Bill Ritter and Barack Obama intend for us. Columnist Michelle Malkin calls that withdrawal "going Galt." Malkin was the first speaker last weekend when several hundred Coloradans gathered for a free-market leadership conference...