What paradigm might come next? If you were Joe Biden, what might you propose?

A MAN FOR ALL SEASONS

Stan Brewer watched over Ogden’s Dinner Horn Market, as its proprietor.  He also served as a community leader, not unlike Mitt Romney, during his sojourn in Boston, as its Mormon Stake President, and later as the Massachusetts Governor. Mostly, Buss and his parents loathed Mormon dignitaries, describing them as power-hungry authoritarians.  Brewer and a few […]

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WHAT WOULD KEYNES DO? PART I

America’s at a tipping point. Populists vent anger borne of economic humiliation, even as they fall further behind the mainstream.  It’s an economic and political crisis without parallel since the Great Depression, almost a century ago.  Cambridge economist JM Keynes was the intellectual architect of the 1930’s rescue of capitalism.  His insights, advanced through the […]

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Cry More Lib, Financial Humiliation driving politics

CRY MORE, LIB

The mainspring of Donald Trump’s base is anger.  It is fueled by humiliation. America’s Great Recession defined the tipping point, politically and economically. In the ten-year period following the Recession’s onset, economic performance of congressional districts labeled Blue diverged at a breathtaking pace from those labeled Red. GDP grew a full one-third in Blue districts, […]

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FRAUD!

Capitalism and Fraud Fraud’s on the rise in American capitalism, politics and culture.  It occurs when a “sucker” is tricked, duped or hustled into acting against their best interest.  Deception always plays a part. Here’s four alleged frauds, drawn from the news on a single day, the last day of Summer, 2020: National Institutes of […]

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A Second American Depression | Capitalism in Crisis with Jim Sawyer

A SECOND AMERICAN DEPRESSION? JUST AROUND THE CORNER?

There’s no official definition for economic depression. Intuitively it means protracted recession when expectations sink and malaise sets in, to become the new norm. Breaking out would be daunting due not only to economic realities but also to political intransigence heightened by continuing culture warfare. Sound all too possible? Could America be verging on getting […]

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WOULD ADAM SMITH WEAR A COVID-19 MASK?

Absolutely. Adam Smith would wear a mask to protect others. He would respect and hold others’ needs on par with his own. He would expect them to do likewise. Smith did not endorse the pursuit of unbridled self-interest. Instead, he embraced self-interest, rightly understood. He was a moral philosopher; an ethicist. Smithian capitalism works when […]

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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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