This crisis has proved that capitalism works

By Nick Sorrentino on June 16, 2013

che for sale cc

Where capitalism has been allowed to thrive it has pulled the world along. We are in the midst of a micro-entrepreneurial revolution facilitated in large part by technology which is cheap and powerful. Please notice how technology is one of the least regulated sectors of the world economy. At least it is right now.

More people think like producers these days than probably ever before. They think more like owners than as employees. This is a very good thing for the economy if we allow the revolution to bloom.

The Moral Crisis of Crony Capitalism

By Editor on June 12, 2013

Peter Schweizer

An interview with friend of ACC Peter Schweizer on how crony capitalism infects a society and mutates the economy.

Carnival Against Capitalism in London, Should be against “crony capitalism.”

By Nick Sorrentino on June 11, 2013

People are chaining themselves to barricades and waving red flags in the streets of London in protest of the G8 talks. The protest has been called a “carnival against capitalism.” Sadly these folks do not understand the vital difference between “capitalism” which is voluntary and provides opportunity for those not blessed with access to the modern aristocracy, and “crony capitalism” where the state is hijacked by the powerful to line their pockets and consolidate power.

Washington DC is Awash in Money, Welcome to Your Shining Crony Capitalist Capital City

By Nick Sorrentino on May 28, 2013

DC cc

Washington DC is indeed booming. Over the past 5 years billions and billions of tax dollars have been poured into the local economy. Contractors of all sorts fill the mirrored buildings surrounding DC. The roads are choked with commuters, many of whom are new transplants from the less prosperous regions of the country. The wealth of a nation has been aggregated in and around the Beltway. Money is here and millions are being “made.” (Really, being redistributed.)

Political intelligence firms set up meetings for investment firms (looking for information) at White House

By Nick Sorrentino on May 27, 2013

White_House_DC-CC

As the great George Carlin once said, “It’s a big club. And you ain’t in it.”

Uh oh, the whisper campaign for Larry Summers as head of the Fed has begun.

By Nick Sorrentino on May 27, 2013

Larry Summers cc

First of all, end the Fed. Just had to say that. End it tomorrow. It is the source of the modern boom and bust cycle, extended the Great Depression, inflated the tech and housing bubbles, and has extended the Great Recession. (Some of its crimes.) Now “Mr. let’s end Glass-Steagall and blow up the world with derivatives” is unofficially throwing his hat in the ring for Fed Chairman. People of the world rejoice, a new dawn is breaking!

Politico Reports: IRS Asked For Print Outs of Facebook Comments, What Books People Were Reading

By Nick Sorrentino on May 15, 2013

IRS building cc

A couple of readers have complained that we are being partisan in our coverage of the IRS enemies list scandal. For those who feel this way, we do not mean to be and we have plenty of disdain for both of the major parties. Keep reading and you will see this to be true.

Luigi Zingales: “There Is a Huge Potential in the U.S. Today For a Populist, Pro-Market Movement”

By Nick Sorrentino on May 9, 2013

Commit

I had the opportunity to moderate a panel with Mr. Zingales. We discussed crony capitalism and its effects on the economy primarily since the 2008 Crash. And we did it literally on Wall Street in the old mercantile exchange which was a bit of a kick. It was a very good time and I was very impressed with the professor. I am happy to recommend his book A Capitalism for the People.

Rev. Sirico: Fighting Poverty through the Free Market

By Nick Sorrentino on May 8, 2013

poverty cc

Nothing, absolutely nothing, has raised more people out of abject poverty than free market capitalism. And I don’t mean a mixed system with some socialism and somewhat free markets here and there. I am talking about the real deal, where prices are free to move, free market CAPITALISM. This stands in direct conflict with what many of us have been taught of course.

Some people (even some smart people) actually believe this, Article: Capitalism is killing our morals, our future

By Nick Sorrentino on April 29, 2013

Free market cc

This is one of the worst pieces written by Paul B. Farrell at Marketwatch.com, and he’s written some pretty bad pieces.

In the attached article, Mr. Farrell examines the thinking of professor Michael Sandel at Harvard who laments that markets have run amuck, and that “everything is for sale.”