This Is a Managed Economy – Note Smuggled from Chinese Labor Camp in Decorations Pleads for Help

An American woman unwrapping Halloween decorations bought from K-Mart earlier this year found a note which appears to have been written by someone working in a Chinese forced labor camp. It desperately asks the world to pay attention.

Read More

The USA Should Shun, Not Embrace China’s Crony Capitalist Economic Policies

How can America compete with China’s subsidized industries in the 21st Century? Surely we will be left behind and the Red Dragon will come back to swallow us into its state-capitalism fed belly.

Read More

Skidelsky’s Latest Keynesian Fantasies

This piece was originally posted at The Circle Bastiat.

In his current Bloomberg piece (link below). Keynes’s biographer Robert Skidelsky tells us that the famous economist’s “notion of satiety” has been buried by the “Darwinian capitalism” unleashed by Thatcher and Reagan in the 1980′s, with its “ideological faith in the market system” and glorification of “untrammeled self-interest” as expressed through the “profit motive.” He further tells us that Keynes and other sensible earlier economists believed that “people would,

Read More

China: The Ultimate Crony Capitalist State

It is now official, China is in the midst of a “sharp downturn in the economy.” This according to a Chinese cabinet official in Beijing quoted in this article from the New York Times. 

Also in the article the author says; “China’s unexpected economic difficulties are starting to unnerve investors in world markets, especially commodity markets, as China is the world’s largest consumer of most raw materials and the second-largest consumer of oil.”


Read More

Is This the End of Market Democracy?

This is classic New York Times stuff right here.

In the attached op-ed Thomas Edsall addresses what he sees as the challenges structurally to “market democracy.”

The first sentence of his essay shows how completely out of touch some “opinion makers” are. He says, “The 2012 election will offer voters a stark choice between right and left alternatives.”

What election is this guy watching? He is under the false impression that the Republicans are free marketeers.

Read More