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| Subject: Karl Marx This is a 'game-changer' By John Schroy, on June 12th, 2010 |  Leave a comment  The current economic crisis, which started with the market crash of 2008, is a ‘game-changer’ that requires effective leadership with a firm grasp of economic reality and a willingness to introduce sensible bipartisan reforms in many areas of financial markets. Unfortunately, these conditions are unlikely to be met before 2016. In the meantime, history suggests that there are likely to be many false rallies and dashed hopes before true recovery begins. June 12th, 2010 | Print Article |  Email Article |  Topics: Adam Smith, Barack Obama, Capital Market Taxonomy, Constitutional Law, Dow Jones, Economic Recovery, fiscal deficit, Goldman Sachs, Great Depression, Inflation, Karl Marx, Lehman Brothers, Macro Economic Theory, NYSE, Obamacare, risk, Stock Buybacks, US SEC | Category: Macro and Micro Economics, featured | Leave a comment |  Short urlHealthcare Economics By John Schroy, on April 7th, 2010 | 3 comments  Barack Obama failed to achieve his dream of nationalized healthcare for one simple reason. He forgot that doctors and hospitals were still operating under the Free Enterprise system. His focus was entirely on health insurance, as if this were the only road to healthcare. Doctors and hospitals are still in the private sector. They are still free to act — and react. And they will. April 7th, 2010 | Print Article | Email Article | Topics: Barack Obama, Brazil, Capitalist Ideology, Democratic Party, demographics, Insurance, Insurance Policies, Karl Marx, Obamacare, Saul Alinsky, US Congress | Category: Economic Theory, featured | 3 comments | Short urlWhat would Adam Smith say? By John Schroy, on March 11th, 2010 | 2 comments  Most corporate executives of giant companies today are, in actuality, mere employees (‘workers’ in communist jargon) and are not capitalists or entrepreneurs at all. Their extraordinary remuneration schemes are provided without executives having employed or having risked any of their own capital and is often paid, even as a corporation slides into bankruptcy. Adam Smith recognized self-interest as a useful trait, but one that should not be allowed to override the nobler virtues. March 11th, 2010 | Print Article | Email Article | Topics: Abraham Lincoln, Adam Smith, Andrew Carnegie, Barack Obama, Capitalist Ideology, Communist Ideology, Corporate Governance, executive stock options, Frank Norris, Franklin Roosevelt, George Eastman, Gustavus Myers, Henry Ford, independent directors, John D. Rockefeller, Karl Marx, Lincoln Steffens, robber barons, Russian Federation, SEC Rule 10b-18, socialism, Soviet Union, Stanford University, Steve Jobs, Stock Buybacks, Thomas Edison, Upton Sinclair | Category: Economic Theory, featured | 2 comments | Short urlFeatured articles on inside pages
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