Markets – free markets – are meant to be unstable. They are meant to crack-up from time to time. And thank God they do. Otherwise, we’d be stuck forever with zombie industries and dead end investments.
February 7th, 2012 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "capitalism"
Confusion in Capitalism
The Financial Times has continued its series on ‘Capitalism in Crisis’ much longer than we expected. Longer than seems decent, actually. The crisis will be over before the series ends.
February 6th, 2012 | Bill Bonner | 0 comments | Continued
Persistent Questions About the Future of the US Economy
The US economy entered a period of debt destruction – a Great Correction, we called it. The question then was how long the Great Correction would last…which depended on what it was correcting.
February 2nd, 2012 | Bill Bonner | 3 comments | Continued
The State of the Union Address and Obama’s Fairness Doctrine
We had been invited to watch President Obama give the State of the Union address with a group of dinosaurs…a group approaching extinction with dignity and intelligence. You might call them ‘thinking conservatives,’ ‘paleo- conservatives’ or ‘constitutionalists.’
January 30th, 2012 | Bill Bonner | 0 comments | Continued
How a Deficit in Capitalism Helped Engender the Financial Crisis
Instead of allowing capitalism to fix the problem, the feds made it worse. They gave more money to the very institutions and managers who had proved they couldn’t be trusted with it.
We don’t want to rehearse the whole sequence of events that got us to where we are. But it’s important to understand what happened.
The Debt of Capitalism
More thoughts on debt and the “Crisis in Capitalism“…
January 16th, 2012 | Bill Bonner | 0 comments | Continued
The Real Crisis in Capitalism
The Financial Times led off its series on ‘Capitalism in Crisis’ with a wandering piece that attempted to outline the problem. Unfortunately, the FT writers don’t seem to understand what capitalism is, let alone what is wrong with it. They say they are “rethinking capitalism.” But it doesn’t appear that they ever thought about it the first time.
January 12th, 2012 | Bill Bonner | 1 comment | Continued
Free Trade and The Wisdom of Alien Ferns
I suppose if I had to put it to you philosophically, I’d say that trade forces us to make our lives useful to one another by producing things people actually want and are willing to trade for. That is real capitalism and free trade uncorrupted by unsound money. It only has two basic rules: do what you say you’re going to do and don’t take what’s not yours.
December 7th, 2011 | Dan Denning | 3 comments | Continued
Misunderstanding the Capital Gains of Capitalism
More and more people are coming to the same conclusion. The bull market is a fraud. And the system is corrupt. And they’re right. But not for the reasons they think.
Here is Number One on the “Capitalism as we know it doesn’t work” hit parade. From Forbes: “Top 0.1% of the Nation Earn Half of All Capital Gains”
December 5th, 2011 | Bill Bonner | 2 comments | Continued
Capitalism the Washington Way
Survivors of concentration camps report that the secret to staying alive was often simple: those who were near the kitchen made it; those who were not didn’t.
In our modern, degenerate form of capitalism the secret is the same: you want to be near the kitchen…the place where the food is handed out. You want to be near the government. That’s why there are so many lobbyists in Washington.
November 17th, 2011 | Bill Bonner | 0 comments | Continued
Insider Capitalism – for richer or poorer…
Few people really like capitalism — even people who call themselves capitalists. The feds could probably round them all up and gun them down in an afternoon. Capitalism is too chancy…too unpredictable…and too uncontrollable. No wonder so few people are fond of it.
November 2nd, 2011 | Bill Bonner | 0 comments | Continued
State Managed Capitalism
When the financial crisis of 2008 hit, we saw how state-managed capitalism works. Favoured companies are allowed to make as much money as they can. But they are protected from going broke.
October 31st, 2011 | Bill Bonner | 1 comment | Continued
The SKI Principle
A trip home to the Sunny Coast revealed several things. One of them was the SKI principle. This sophisticated philosophy allows people to retire in comfort…
April 10th, 2010 | Nickolai Hubble | 2 comments | Continued
Goldman Stole the Money Fair and Square
But Goldman Sachs is as cool as a cucumber. Goldman released its annual report earlier this week. The firm said it hadn’t done anything wrong.
April 9th, 2010 | Bill Bonner | 2 comments | Continued
Gorbachev and the Most Complete Test in Economic History
Readers may know Mikhail Gorbachev as a fellow who advertises Louis Vuitton luggage. But before he made it big as a mannequin, he was the top man in the Soviet Union. It was not an easy job.
November 16th, 2009 | Bill Bonner | 6 comments | Continued


