Capitalism and Marxism

The large cryptocurrency exchange FTX went out of business on November 11. Many have likened this phenomenon to the collapse of the investment banking firm Lehman Brothers during the financial crisis of 2008, believing the […]

The National Business Review reported a comment by New Zealand’s then National Party government Minister of Finance, Bill English, on Aug. 15, 2014, that he had occasionally pointed out in speeches to business audiences that […]

One-hundred-and-five years ago, on Nov. 7, 1917, workers and peasants overthrew the capitalist government in Russia. The world hasn’t been the same since. Two million soldiers in the Russian army had died in World War […]

Life expectancy is one of the best measures of human development.  In hunter-gather societies, on average, about 57-67% of children made it to 15 years. Then 79% of those 15-year-olds made it to 45 years.  Finally, […]

The typical winner of the Nobel Prize in economics is a 67-year-old man, born in the United States, who is working at the University of Chicago when he wins. That’s what science writer Maggie Koerth […]

The swift collapse of Afghanistan puppet government when U.S. troops withdrew from the war with the Taliban and left the country after 20 years has been likened to the fall of Saigon at the end […]

“Let me be clear: capitalism without competition isn’t capitalism. It’s exploitation.”, U.S. President Biden tweeted when signing an executive order to expand competition across the economy and crack down on monopolistic practices, describing a misguided […]