Category Archives: The Limits of Capitalism

Good Capitalists

Some of us didn’t get the memo, the one about capitalism being the best thing ever. So we didn’t set out to become rich, only successful – successful at something useful to others, or if not that, something that wasn’t … Continue reading

Posted in Bain Capital, Capitalism's Inherent Flaws, Mitt Romney, The Limits of Capitalism | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Market Fetishists and Moral Hazard

Well, something is in the air. There’s the April 6 issue of Time and that cover story – this recession, or near depression, or whatever it is, will bring an end to the “spirit of excess” that began in the … Continue reading

Posted in After Capitalism, Andrew Sullivan, Consumerism and Values, Economic Theory, For the Common Good, Free-Market Capitalism, Government is the Solution and Not the Problem, Healthcare, Healthcare Reform, Moral Hazard, Pharmaceutical Industry, The Limits of Capitalism | Leave a comment

On Americans Becoming Something Else Entirely

The recent column on healthcare reform suggested that, conceptually, we find ourselves stuck with a market-based healthcare system, where, when you think about it, the objective is to provide the least possible care at the highest possible cost, as we … Continue reading

Posted in America Becoming French, American Socialism, Free-Market Capitalism, Healthcare Reform, The Limits of Capitalism | 1 Comment

The Sphere of Market Capitalism Might Narrow

Sometimes you’re just too close to the problem, and you lose your ability to formulate the conventional response. Some year ago, after managing the business applications department for a chain of hospitals, the services firm decided that most of us … Continue reading

Posted in Amartya Sen, Conservative Thought, David Brooks, Greed is Good, Healthcare Reform, Obama the Socialist, The Limits of Capitalism | 1 Comment

Regarding Free-Market Capitalism

Is it game over? If communism came to an end twenty years ago with the collapse of the Soviet Union, is capitalism coming to an end with the current worldwide economic collapse, with giant banks around the world effectively insolvent … Continue reading

Posted in Free-Market Capitalism, Larry Kudlow, Obama Dangerous, Obama the Socialist, Republican Delusions, The End of Capitalism, The Limits of Capitalism | Leave a comment

The End of the Chicago Cult

Well, back in 1978, Jonestown came to a bad end – Jim Jones, the funky Kool-Aid, all the dead people. In 1993 there was that Waco business – seventy-six people dead in the fire, including twenty-one children and two pregnant … Continue reading

Posted in Chicago School of Economics, Economic Meltdown, Economic Theory, Milton Freidman, Supply-Side Economics Discredited, The Economy, The Limits of Capitalism | Leave a comment

The Inevitable Second Thoughts

Yeah, yeah – suffering builds character. People tell you that to make you feel better. Of course you don’t feel better – just depressed and exhausted. But maybe they’re right – maybe the next time, when you are once again … Continue reading

Posted in A New RTC, Blaming Obama for Everything, Democracy's End, Economic Meltdown, Fannie Mae and Freddie Mac, Financial Meltdown, Fox News, Hedge Funds, Home Ownership, Like the Great Depression, Market Behavior, Nationalizing Financial Firms, Objections to the Bailout, Paulson and Bernanke Fix Everything, Race and America, Racism Lives On, Regulation of the Markets, Resolution Trust Corporation, SEC Regulation, Stock Market Crash, Sub-Prime Crisis, The 700 Billion Bailout, The Financial System, The Limits of Capitalism | 1 Comment