November 13, 2020

Economics

We don’t need to reinvent capitalism. We just need to practice it.

We don’t need to reinvent capitalism. We just need to practice it.

"To practice capitalism means that corporations that embrace market mechanisms and decry government intervention in the good times should not change the rules when times turn tough. Privatizing profits while socializing risks isn’t capitalism: it’s rigged roulette. Equally important, practicing capitalism does not mean insisting on special treatment from government that benefits shareholders at the expense of other stakeholders. And it means treating government as the vital partner to business, one that supports the physical and social infrastructure, and the political stability, that make business possible."

The coolest thing abut this article is that it wasn't published in Mother Jones magazine. It was published in the Harvard Business Review.

Article: It's Time to End Slash-and-Burn-Capitalism

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Economics

We don’t need to reinvent capitalism. We just need to practice it.

Article: It's Time to End Slash-and-Burn-Capitalism

Economics

Discrimination hurts just about everyone, not only its direct victims.

Economics

A just society wouldn’t reward different professions so unequally.

Economics

What would it take to go from proposals to a new economic system? Let's start with three assumptions.