Middle Class Economics

admin on May 15th, 2011

A recent headline in the New York Times, “Health Insurers Making Record Profits as Many Postpone Care,” reveals the failings of a corporate capitalist economy.  Let me first add the caveats that what we have in this country would be more accurately dubbed corporate socialism than corporate capitalism, and as with anything “failing” depends on […]

Continue reading about The Failed Corporate Capitalism Model

admin on December 24th, 2010

Covered in the previous post was the concept that since capitalism involves production then the normative goal of profits should be to perpetuate production.  Using profit for capital improvements or simply to buy stuff encourages production; so, too, does investment into research and development.  Using profits to invest into futures trading or even into companies […]

Continue reading about Capitalism and the Farmer

admin on December 21st, 2010

Capitalism in its pure, unadulterated form, its operational definition before laissez faire economists and free market libertarians make adjustments and excuses to fit actual practice to the meaning, is private production that generates profits.  I have covered the problems with “private” and “production” in a laissez faire, corporate economy.  Now let’s examine profit, the capital […]

Continue reading about Capitalism and Profit

admin on December 19th, 2010

Sorry for the lag time in posts.  I’m involved in a very ambitious project which I will share with you shortly.  To recap this series on capitalism:  capitalism is private production that generates profits.  Capitalism has existed at a small scale, but not at a large scale, despite the adjustments/excuses that grand economic scholars make […]

Continue reading about Capitalism and Trade

admin on December 8th, 2010

This is the second part of the “Why Capitalism Has Yet to Succeed” series.  I added the caveat “at a large scale” because, in truth, capitalism can and has succeeded at a small scale.  An example of that is where they use BerkShares, close by to where I live.  BerkShares are local currency for the […]

Continue reading about Capitalism and BerkShares

admin on November 16th, 2010

For the annotations of a You Tube channel I came across the following equations:  Corporations – Government = Capitalism; Corporations + Government = Fascism; Corporations / Government = Democracy.  The video was condemning corporatism and I suspected we were on the same page, given the last of the three equations.  I still do, but I […]

Continue reading about Corporations – Government = Nothing

admin on October 5th, 2010

A recent New York Time article featured one of the many ways that government commands the economy to favor large corporations over small businesses.  The article uncovers a new twist in the old “trickle-down economics” made popular in the Reagan era.  Large corporations can borrow money at low rates, but they are saving it for […]

Continue reading about Our Triple Redistributive Economic System

admin on September 14th, 2010

We interrupt the scheduled “programming” to address the latest headlines.  Congress is debating whether to extend the portion of the Bush tax cuts that benefited the wealthiest segment of society.  Warning:  this opinion will not be about the tax cuts per se, but rather something that now enters my head every time the prospects of […]

Continue reading about Extending the Tax Cuts

admin on March 25th, 2010

Perhaps I should not be commenting on health care reform at this point, since I do not dissect the various proposals, including the current legislation.  Here’s the problem:  no health care reform will be close to ideal at this point.  Like most things in our increasing paternalistic society the ideal to my mind would involve […]

Continue reading about Health Care Reform

I sent along some final thoughts to the editor of the business magazine for the American Chamber of Commerce in Georgia, Molly Curso.  Here they are. Final Thoughts First, I would like to qualify my previous answer to question #2.  I said markets were necessary for the middle class.  I would add that free markets […]

Continue reading about Middle Class Questions from Investor.ge – Final Thoughts