It is midday early in the week and I am caught in a sudden and emotional macroeconomic conversation with a New York City cab driver from a former Soviet satellite nation. The issue is the credit card acceptance machinery that has been fitted to his taxi and that I have engaged, having already tapped through […]
U.S. Bail out further demonstrates capitalism as being about capital, and not people
The American people and the rest of the world continues to be deceived in the face of the prevailing economic crisis. What America needs towards its economic rejuvenation is not a bailout, but instead a total breakaway from capitalism. That is not to say that America and the rest of the work should in any […]
A Note to Capitalism’s Economists: It’s all About the Consumer — Period
It’s not as if we don’t get our fair share of warnings — as in, these Billy Joel lyrics from last century: “… Every child had a pretty good shot … to get at least as far as their old man got… Something happened on the way to that place: they threw an American flag […]
Is America Ready to Shift From Capitalism to Socialism?
Maybe only Obama could answer the question whether he is ready to banish capitalism and inject his socialist ideals to the American people. Surely, though Obama might give it a try once elected especially that he is popular in America and in other parts of the world. And because Obama and supporters already smells victory, […]
Capitalism Feeds Into Easy Credit
<p>By 1:22 pm Eastern, the Dow is up slightly by 0.14 percent, the tech-heavy NASDAQ was up 0.16 percent, while the S and P 500 added close to a third of a percent (<a title="Yahoo Finance" href="http://finance.yahoo.com/"><font color="#92b211">Yahoo Finance</font></a>).</p> <p>Asian stocks closed deep into the red, between 2-3 percent, while most major European indexes closed in […]
Senator Hillary Clinton Triumphs and Sen. Sanders conceded in the Debate
Senator Hillary Clinton has finally gained back the elusive Big Mo; Yes! The Big momentum and the thrill are back again in her camp. The last night CNN Democratic Party presidential debate was a gift to her and stellar was her performance. Unlike the wary Senator Clinton of the past, she looked happy and joyful […]
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