Capitalism

Orthodox Christianity And Capitalism: Are They Compatible?


AFR – The Illumined Heart | Kevin Allen | Apr 17, 2009

Writer, attorney, and university professor Chris Banescu discusses the economic, moral and spiritual issues surrounding the “capitalist” economic model and whether it serves the best interests of Christians living the life of the Beatitudes, in this interview with Kevin Allen host of The Illumined Heart podcast on Ancient Faith Radio.

Orthodox Christianity And Capitalism: Are They Compatible? – 4/17/09 http://audio.ancientfaith.com/illuminedheart/ih_2009-04-17_pc.mp3|titles=Orthodox

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Is Socialism Overtaking Capitalism In The Way Schumpeter Foresaw?

Investor’s Business Daily | John Tamny | March 19, 2009

In his 1942 book, “Capitalism, Socialism and Democracy,” Joseph Schumpeter asked the essential question: “Can capitalism survive?” His unsettling answer was, “No. I do not think it can.”

Schumpeter’s words were in no way meant to denigrate capitalism. Instead, he felt “its very success undermines the social institutions which protect it.” History in many ways proved his views prophetic.

The success of capitalism means that many are allowed to do things that have nothing to do with productivity. And from government and academic elites that frequently seek to undermine the very system that enabled their cushy jobs, to foundations created by capitalist profits that often dismiss same, the commercial success wrought by the pursuit of profit has created an unproductive elite that lives off the very business profits that it regularly casts a skeptical eye on. [Read more…]

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‘Atlas Shrugged’: From Fiction to Fact in 52 Years

The Wall Street Journal | by Stephen Moore| January 9, 2009

Some years ago when I worked at the libertarian Cato Institute, we used to label any new hire who had not yet read “Atlas Shrugged” a “virgin.” Being conversant in Ayn Rand’s classic novel about the economic carnage caused by big government run amok was practically a job requirement. If only “Atlas” were required reading for every member of Congress and political appointee in the Obama administration. I’m confident that we’d get out of the current financial mess a lot faster. [Read more…]

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The End of Capitalism?

Acton.org | Michael Miller | Jan. 21, 2009

Who would have imagined 20 years ago — when the Berlin Wall fell and we celebrated the death of socialism — that capitalism would begin 2009 under heavy fire. The Cardinal of Westminster, Cormack Murphy O’Connor, reportedly went so far as to say that, as 1989 marked the end communism, 2008 was the year when “capitalism had died.”

What are we to make of capitalism in light of all the crises, fraud, and government intervention, when even some traditional supporters of markets are supporting bailouts and seem to have lost faith in the market order? Is capitalism no longer credible? Is capitalism really to blame for the financial woes we now face? [Read more…]

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Lee Iacocca: Where’s the Outrage?

Jim Sinclair’s MineSet | Lee Iacocca | Dec. 20, 2008

Lee Iacocca writes: Am I the only guy in this country who’s fed up with what’s happening? Where the hell is our outrage? We should be screaming bloody murder. We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car. But instead of getting mad, everyone sits around and nods their heads when the politicians say, “Stay the course.”

Stay the course? You’ve got to be kidding. This is America, not the damned Titanic. I’ll give you a sound bite: Throw the bums out! [Read more…]

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Postponing Reality

Townhall.com | Thomas Sowell | Dec. 17, 2008

The current bailout extravaganza is applying the postponement of reality democratically– to the rich as well as the poor, to the irresponsible as well as to the responsible, to the inefficient as well as to the efficient. It is a triumph of the non-judgmental philosophy that we have heard so much about in high-toned circles. […]

Some of us were raised to believe that reality is inescapable. But that just shows how far behind the times we are. Today, reality is optional. At the very least, it can be postponed. [Read more…]

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Blame me for job losses

American Thinker | C. Edmund Wright | Dec. 11, 2008

When the jobs report for November came out last week, many so-called “experts” were shocked at the massive loss of an estimated 533,000 jobs. Even a Time /CNN organization called “The Curious Capitalists” were at a loss to explain it.

Let me attempt to help out these “curious capitalists” (though I am still skeptical that anyone working for CNN or Time is either curious or a capitalist). I caused part of this job loss and I know precisely why; the election. The results portend big trouble for small business. [Read more…]

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Mini nuclear plants to power 20,000 homes

Guardian UK | John Vidal and Nick Rosen | Nov. 9, 2008

Nuclear power plants smaller than a garden shed and able to power 20,000 homes will be on sale within five years, say scientists at Los Alamos, the US government laboratory which developed the first atomic bomb.

The miniature reactors will be factory-sealed, contain no weapons-grade material, have no moving parts and will be nearly impossible to steal because they will be encased in concrete and buried underground. [Read more…]

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