The promise of laissez-faire performs the same function for the Right as the promise of unlimited abundance under communism did for Stalin: the promise of a future utopia to make current sacrifices worthwhile. ... Read the full post ... Read more

After the financial collapse of 2008, there was plenty of finger pointing. Yet by far the most blamed agent was unregulated, laissez-faire, liberal capitalism. It is the word on the street; it is in the media; politicians constantly talk about it. And it is an especially favored subject of leftist i ... Read more

FINTAG COMMENT A man of the Union. Capitalists can only prosper if the State encourages them, doesn't imprison them or as in many communist countries just turns a blind eye. The UK government is contributing to over 60% of the GDP. This is more than Cuba, one of the last rampantly communist cou ... Read more

The original leftists wanted to abolish government controls over industry, trade, and the professions. They wanted wages, prices, and profits to be determined by competition in a free market, and not by government decree. They were pledged to free their economy from government planning, and to r ... Read more

When the rest of the market panics and a wild sell-off ensues, value investors calmly increase their market holdings. As the unemployment rate increases and more investors panic, value investors become giddy as they swallow up stocks at even more attractive prices. Is it blind faith? ... Read th ... Read more

Monitoring financial and political news has become a very depressing task recently. While the USA enjoyed a short fairy tale period between president Obama Barack's election and his inauguration, the staccato of catastrophic news has accelerated into a crescendo of crisis since January . Financial ... Read more