free market capitalism

free market capitalism


Critiques of Capitalism (Part 1)

critiques of capitalism January 30th, 2020

This blog is based on a paper entitled: Critiques of Capitalism. It is one of five parts in a series that takes a long, hard look at the economic system we have in modern America. Whether it goes by the descriptor free-market capitalism, laissez-faire capitalism, neoliberalism, classical liberalism, libertarian economic philosophy,  or its illegitimate children – crony capitalism, supply-side economics, or trickle-down economics – the economic theory that America is based on has a long, significant, storied past. Here is the introduction to the paper, Critiques of Capitalism:

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Myths of America’s Capitalistic System

myths of America's capitalistic system November 11th, 2017

Joseph Stiglitz is l professor of economics at Columbia University. He wrote many books, and the one I recently read was The Price of Inequality. Really a tour de force. He has a conscience, is extremely qualified (he was with the World Bank until they fired him, has a Nobel Prize, etc.), and writes in a manner that is easily grasped. Here are some myths he brings up in his powerful and well-researched book on inequality. They are myths of America’s capitalistic system – perhaps a better word is our crony-capitalistic system. If free market capitalism is problematic, crony capitalism downright stinks.

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Critiques of Capitalism (Part 5)

critiques of capitalism November 8th, 2017

Whether it goes by the descriptor free-market capitalism, laissez-faire capitalism, neoliberalism, classical liberalism, libertarian economic philosophy,  or its illegitimate children – crony capitalism, supply-side economics, or trickle-down economics – the economic theory that America is based on has a long, significant, storied past. There are, however, many critiques of capitalism, based both on theory and on actual results. This blog is the conclusion in a series of five entitled Critiques of Capitalism.

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Critiques of Capitalism (Part 4)

critiques of capitalism November 8th, 2017

There are many critiques of capitalism, based both on theory and on actual results. This blog is the fourth in a series of five entitled Critiques of Capitalism, and represents my third argument against laissez-faire capitalism as the ideal economic system. The thrust of the argument is that to combat runaway capitalism, government needs to be made the servant of the people. Many countries have a corporate sector that is more appropriate, regulated, and benign. We must do that here in America, as well.

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Critiques of Capitalism (Part 3)

critiques of capitalism November 8th, 2017

Capitalism is supposedly superior in every way to Socialism, Communism, anarchism, and different types of welfare statist capitalism adopted with much success by social democracies that represent much of Europe. There are many critiques of capitalism, based both on theory and on actual results. This blog is the third in a series of five entitled Critiques of Capitalism, and represents my argument that the system which has naturally evolved is unfair, unsustainable, arbitrary, and cronyistic, and therefore a hybridized system is superior to free-market or crony capitalism.

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Critiques of Capitalism (Part 2)

critiques of capitalism November 8th, 2017

Whether it goes by the descriptor free-market capitalism, laissez-faire capitalism, neoliberalism, classical liberalism, libertarian economic philosophy,  or its illegitimate children – crony capitalism, supply-side economics, or trickle-down economics – the economic theory that America is based on has a long, significant, storied past. There are, however, many critiques of capitalism, based both on theory and on actual results. This blog is the second in a series of five entitled Critiques of Capitalism, and represents my first argument against a wholesale reliance on free-market capitalism as the ideal economic system.

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Greed: Wall Street’s Financial Fraud

greed October 11th, 2017

This blog is about skepticism toward America’s financial services sector: Wall Street, big banks, hedge funds, etc., as well as the lobbyists, politicians, and professors who collude and conspire with the industry’s many bad actors. I’m talking about capitalism and power run amok. Greed. I just watched Inside Job,  by remarkable filmmaker Charles Ferguson. America has such a complex financial and political landscape, I want to criticize, but it is hard to know where to begin. I will crack my knuckles and give you what I’ve got.

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The Economic Justice (and Faults) of Capitalism

capitalism October 4th, 2017

This blog is the essay I submitted for my class on economic justice, and is entitled: The Case for, and Critique of, Capitalism as an Economically Just System. I take the position, as required, that capitalism is indeed the most just of all the economic systems. In the last section, however, I critique it. It might be confusing, then, what I personally think. Well, read the blog if you are interested in a paean to and critique of capitalism, and see if you can determine where exactly I stand.

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