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…
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…
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…
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…
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 (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…
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…
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…
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…
‘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…