A most-worthy Independence Day message

A most-worthy Independence Day message worth repeating, from David Brooks of the New York Times: We Americans enter the July 4 weekend of 2020 humiliated as almost never before. We had one collective project this year and that was to crush Covid-19, and we failed. On Wednesday, we had about 50,000 new positive tests, a […]

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CAPITALISM: CAN IT BE SAVED? AMERICA, RENEWED?

Tragically, the path toward capitalism’s renewal—and America’s renewal—is blocked by Trumpian intransigence. It’s not the only blockage, of course. Adam Smith, moral philosopher and capitalism’s Eighteenth Century architect, held a singular vision, and one compatible with America’s founders: improvement of the common good, especially it’s material aspects. Smith’s prescription? To align self-interest’s pursuit with the […]

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EINSTEIN AND ORDERLINESS

Albert Einstein eulogized Isaac Newton as brilliant even though his contribution was circumscribed by the time in which he lived. Newton’s imagination was unable to propel him beyond the limits of our solar system or beneath the level of the molecule. Similarly, Adam Smith was unable to foresee implications of a looming real-world crash manifested […]

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AMERICA, LOST?

1776 to 2020? Is America as we have known her coming to a point of no return? What’s just around the corner? What comes next? Are we staying up-to-the-moment with what America’s great minds and strong moral compasses are telling us? Here’s some powerful excerpts “screamed” at the American People on June 3, 2020. Some […]

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DO WE LIVE IN AN ORDERLY WORLD?

Adam Smith was absolutely brilliant in his time. Some of his prescriptions continue to inform capitalism’s best practices. Others however do not. Orderliness heads this list. For an enabling world view, Smith borrowed from the great physical scientist Isaac Newton who was enamored with orderliness, for instance in the orderly way planets in our solar […]

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(More on) GOVERNMENT’S ROLE

No longer can contemporary capitalism operate on autopilot as in Adam Smith’s time. Now, extra-market-oriented choices by citizens are becoming essential to circumscribing the market with public priorities for health and welfare, education, environmental stewardship and much more. The “new” capitalism ahead will steer around the false dichotomy of only two choices: laissez-faire or Marxism. […]

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WHAT’S GOVERNMENT’S ROLE?

Barak Obama’s graduation speech seems to call listeners to ask this question: What should be government’s role? So, let’s look at the intricate interface between government and capitalism. How can capitalism be fixed, patched, put back together? It begins with refurbishment of mission. What do we want and what are we willing to sacrifice in […]

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AND NOW, PSEUDO-CAPITALISM

We’ve described a hypothetical scenario in which an 18th Century farmer removes a plow horse from the field, then tethers it near his door solely for the pleasure of his children. Farm output and productivity slip. Then we linked the scenario to contemporary American capitalism. We call this pseudo-capitalism. It has evolved to include all […]

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