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…

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…

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…

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…

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…

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…

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…

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…

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…

Post-2008 Capitalism: A Guide

From n+1 magazine, After Capitalism: HOW WILL IT END? For centuries even the most sanguine of capitalism’s theorists have thought it not long for this world. Smith, Ricardo, and Mill pointed to a “falling rate of profit” linked to inevitable declines in agricultural productivity. Marx…