“Pure” Capitalism is Bad for Business

The critical error that many supporters of capitalism make is to assume that unfettered capitalism produces the “best” results. Capitalism is an amazing tool for allocating capital and creating wealth, but a wildly imperfect tool for distributing that wealth. I’ll put it in terms that might resonate with ardent capitalists: Pure capitalism is like a … Continue reading “Pure” Capitalism is Bad for Business

The Zero-sum Fallacy Of Socialism

This paragraph from Warren over at Coyote Blog may well be the best paragraph I read all week: “For socialists, wealth is not created by man’s mind and his effort — it is a spring in the desert with a fixed flow rate. It just exists to be taken or fought over. The wealthy, by … Continue reading The Zero-sum Fallacy Of Socialism