Asset prices are high across the board. Is it time to worry? As discussed in Late Stage Capitalism Part 1, perhaps people are becoming weary of the asset-based, winner-take-all system of capitalism we have presently, instead of the build-and-make version of capitalism that was present decades ago. With the exception of apps and other intangibles,… Continue reading Asset-based capitalism
Tag: capitalism
Disturbing New Facts About American Capitalism
From WSJ: Disturbing New Facts About American Capitalism–When winners are taking all, it’s often time to buy the winners “Let your winners run” is one of the oldest adages in investing. One of the newest ideas is that the winners may be running away with everything. Modern capitalism is built on the idea that as… Continue reading Disturbing New Facts About American Capitalism
Why Socialism for the Rich, Capitalism for the Poor?
This article is going viral: Why Socialism for the Rich, Capitalism for the Poor? A small annoyance is how the word ‘socialism’ has come to mean so many things, usually depending on the underlying political or economic motives of whoever is using it, that it’s become hard to define. Socialism can mean: 1. Partial or… Continue reading Why Socialism for the Rich, Capitalism for the Poor?
Debunking Libertarian-Socialist Nonsense
It takes a concerted effort and a persistent willingness to suspend disbelief to be a life-long libertarian-socialist (and its closely-related Marxist variants). Most people outgrow it by their late 20’s upon learning that Marxism is far more violent, ruthless, and just all-around awful than the capitalism it is supposed to replace. Libertarian-socialism is predicated on… Continue reading Debunking Libertarian-Socialist Nonsense
Post-2008 Wealth Creation: A Guide, Part 1
Entrepreneurship is too hard, America’s ‘pioneer spirit’ is gone, and the news is pretty much a waste of time. Blogging, writing, etc. also mostly a waste of time and usually doesn’t make money. In our post-2008 winner-take-all, bigger-is-better economy and society, instead of trying to compete directly with the big and rich, why not piggyback… Continue reading Post-2008 Wealth Creation: A Guide, Part 1
He’s Right Again
He’s right again (Martin Shkreli in response to Senile Sanders): Maybe the kids realize a life of prosperity is marginalized by encroaching socialism and capitulate early? https://t.co/0KpTaLlChz — Martin Shkreli (@MartinShkreli) June 19, 2016 People such as myself and Martin want to create economic environments where the best and the brightest can succeed to their… Continue reading He’s Right Again
NRx and Capitalism
From Reactionary Future: Zizek nails it The very architects of the Cathedral have been “Randian” heroes. The idea that capital will flee the Cathedral is absurd, as is the idea that the elite will shut up shop and walk – they made this mess and they think it is great. Look at all the great… Continue reading NRx and Capitalism
Pencil Pushers and The Miracle of Capitalism
Although I often rail against collectivism, an exception is collectivism in the context of a firm. The miracle of capitalism and comparative advantage is that it gives a high standard of living to otherwise mediocre people. To go somewhat on a tangent, consider the somewhat grim prospects of self-publishing (indie) writing, a topic I have… Continue reading Pencil Pushers and The Miracle of Capitalism
Paul Graham: Economic Inequality and The Refragmentation
Tech VC heavyweight and hugely influential blogger Paul Graham posted two new essays: “Economic Inequality” “The Refragmentation” These essays are almost the same in that they deal with trends and paradigm shifts affecting post-2008 America, specifically about society, capitalism, start-ups, and wealth inequality. The meta-discussion is almost as interesting as the topic itself. These essay… Continue reading Paul Graham: Economic Inequality and The Refragmentation
Wealth Inequality Not a Big Concern
‘Capitalism, Tradition and Traditionalism’ – An Overview . The Reactionary sees no problem with wealth inequality, which reflects differences of aptitude, however the people at large will be prone to complaints of wealth inequality if their entire world is centered around capital, that which they may be unsuccessful at accumulating. Marx himself said that communism… Continue reading Wealth Inequality Not a Big Concern