At the beginning of the Cold War, George Kennan introduced the idea of “containing” an unfriendly state as part of his work on U.S. policy toward the Soviet Union. Later the idea of containment was implemented in part through the use of economic sanctions. It was based on two assumptions: For both ideological and geopolitical…
“Khufu2” by _Khufu.JPG: byderivative work: Gospodar svemira (talk) – _Khufu.JPG. Licensed under Public Domain via Wikimedia Commons. 1. Pharaoh Khufu of Egypt Khufu was a Pharaoh of Ancient Egypt’s Old Kingdom. He reigned from around 2589 to 2566 BC. Khufu was the second pharaoh of the Fourth Dynasty. He is generally accepted as being the…
Lobbyist are often decried as the reason for most of what is wrong with our country, government, and society as a whole. They are those lowdown scoundrels of big moneyed influence and corporate cronyism who buy congressmen as easily as one orders Chinese takeout, and who have sinister influence on all matters of policy. The…
We hear about it all the time. After a natural disaster, or during times of civil unrest such that transpired recently in Ferguson, businesses price gouge items in high demand. Water or a ride away from a dangerous area become expensive commodities. The instinct is to chastise such actions as immoral and selfish. But a…
The main problem with welfare such as unemployment benefits, or government handouts, is that it de-capitalizes the productive members of society and capitalizes unproductive members. The productive members are the entrepreneurs. Those who predict what goods consumers will demand in the future and produce them in the present. When the government imposes taxes, it takes…
In an era when girls outperform boys at school and outnumber male students at universities, and when women experience no more practical hindrances than men in achieving anything they want in life, it has become harder to paint women as victims. Feminists have been forced to shift their attention to the hazy cultural sphere in…
Coffee’s for closers…….. Here’s the 10 best movies with capitalist themes in no particular order 10. The Pursuit of Happyness Will Smith stars as Chris Gardner in this amazing portrayal of a man dedicated to providing a better life for him and his son. When he invests his savings in bone density scanners to sell…
What is capitalism? According to many it is a system of exploit where the few and powerful will suck the rest of us dry. Or so the fascists, and communists, and all those who’d like to run your life would have you believe. Capitalism is economic freedom. It is the absence of regulation between two…
Congressman David Cicilline (D-RI) has been a vocal proponent of raising the minimum wage. He claims the US’s federal minimum wage is “the third-lowest minimum wage of the countries in the OECD.” At first look, he appears correct, but there is more to it. When adjusting for purchasing power parity, the United States federal minimum…
The liberal blogosphere erupted in delight last month at a story that was first covered by Addicting Info. The story reports on 30 individuals arrested for food stamp fraud in New York. The piece is titled “30 People Arrested For Food Stamp Fraud; Guess How Many Were Black.” The answer is none. None of the…
Photo by Tuuur 1. Henry Ford 1863-1947 “If I had asked my customers what they wanted, they would have told me a faster horse.” Founder of the Ford Motor Company, Ford transformed the modern world when his company’s Model T made automobiles affordable for the average man. By revolutionizing the production line, Ford was able…
South Park is known for pushing buttons and offending people as much as it is known for its hilarious social commentary. Often the show makes astute observations about social behavior or turns political or economics issues into comedic gold. Here are ten episodes that provide funny and insightful economic insight with links to where you…