Human and Other Types of Capital What makes America wealthy? Some would argue that America is rich ” and it is the richest country in history, by far ” because of its people. Specifically, their ingenuity, drive, skills, diversity, etc. Call that the nation’s “human capital.” Some would say America’s wealth lies in its bountiful natural...Read More
Or at Least, New York and London It’s quite a paragraph — make that sentence — but it’s worth the effort: “Autocratic hyper-capitalism without Western checks and balances produces new elites whose dream is an American or British lifestyle and education for their children, and whose other goal, knowing how their own capricious systems really function,...Read More
“The Wealth of Nations,” Updated — Repairing and Renewing America’s “Social Capital” “Our problems are man-made, therefore they may be solved by man.” –President John Kennedy * * * * * “Tens of millions of ordinary Americans will never recover from the financial collapse of 2007-09, a tragedy that spread misery around the world and cost U.S. households...Read More
Side Effects & Symptoms What’s going on with the haywire stock market? No one can say for sure — and it’s likely multiple causes, anyway. But here’s a (rather roundabout) theory. What’s happening now with the stock market — indeed, the entire economy — is a symptom, a side effect. Zero percent interest rates, high...Read More
