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Capitalism At Work ~ Paul Craig Roberts

By Dr. Paul Craig Roberts Paul Craig November 30, 2015   Capitalism At Work   Zero Hedge reports a story from “Keep Talking Greece” that first appeared in The Times According to the story, the plummeting living standards forced on the Greek people by German chancellor Merkel and the European banks have forced […]

There’s No Such Thing as Excessive Profits

By Robert P. Murphy Foundation for Economic Education October 23, 2015   There’s No Such Thing as Excessive Profits Problems with a “Fair Rate of Return”     If you want to do business in Venezuela, you will have to let the government do your bookkeeping to make sure you aren’t making too much. Venezuelan president Nicolás […]


Whither The Economy?

By Dr. Paul Craig Roberts Paul Craig September 5, 2015   Whither The Economy?   The great problem with corporate capitalism is that publicly owned companies have short time horizons. Unlike a privately owned business, the top executives of a publicly owned corporation generally come to their positions late in life. Consequently, they have […]

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World’s Poor: “We Want Capitalism”

By Iain Murray Foundation for Economic Education September 2, 2015   World’s Poor: “We Want Capitalism” Post-Colonial Capitalism at the Bottom of the Pyramid       In the forests of India, something exciting is going on. Villagers are regaining property taken from them when the British colonial authorities nationalized their forests. Just as exciting, in […]

Beijing Bingo

By Eric Margolis August 30, 2015   Beijing Bingo     My father, a New York financier, used to call dubious stocks or bonds,  “Chinese paper.”   Last week, we saw a blizzard of  Chinese paper, both in China and around the world. As manager of a sizeable investment portfolio (an unwelcome second job from […]

Not a Good Year (according to the Chinese Calendar)


Capitalists Have a Better Plan

By ROBERT P. MURPHY Foundation for Economic Education August 19, 2015   Capitalists Have a Better Plan Why Decentralized Planning Is Superior to Bureaucracy and Socialism   (Image from Shutterstock)   To early 20th-century intellectuals, capitalism looked like anarchy. Why, they wondered, would we trust deliberative, conscious guidance when building a house but not when building […]

The Social Cost of Capitalism

By Dr. Paul Craig Roberts Paul Craig August 13, 2015   The Social Cost of Capitalism — Paul Craig Roberts   Few, if any, corporations absorb the full cost of their operations. Corporations shove many of their costs onto the environment, the public sector, and distant third parties. For example, currently 3 million gallons […]

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Who Is Building the Private, Peer-to-Peer Marketplace?

By The Freeman Foundation for Economic Education July 28, 2015   Who Is Building the Private, Peer-to-Peer Marketplace? An Interview with Sam Patterson     Sam Patterson ( is an author and technology enthusiast from Virginia. He has written about decentralized technologies such as bitcoin and OpenBazaar. Sam recently cofounded a company called OB1 to […]

What’s Really Killing Capitalism

By Bill Bonner Bonner & Partners July 27, 2015   What’s Really Killing Capitalism     Somewhere in British Columbia – “Do Not Hump” says the sign on the side of the boxcar. We had no idea why the Canadian Pacific Railway is putting its nose into our private lives. But the authorities are always […]


Dr. Paul Craig Roberts

Greece’s Lesson For Russia

By Dr. Paul Craig Roberts Paul Craig July 18, 2015   Greece’s Lesson For Russia   “Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far.” — International Monetary Fund Greece’s lesson for Russia, and for China and Iran, […]