Capitalism Means Less Waste — Because More Waste Means Less Profit
The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.
The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.
CNN apparently imagines a First Amendment that grants special privileges only to wealthy and powerful media personalities working in Washington, DC.
"Economic development" schemes, like those used to attract big corporate headquarters to one's city, are really just a type of governmental central planning.
The current war against freedom of speech by the "experts" and state-sanctioned intellectuals ought to alarm everyone who values peace and freedom.
Economic disasters often lead to a rise in the number of people willing to work in the sex trades — which are staffed mainly by desperate people.
If the Chinese sell us stuff and then "hoard" the money we pay them, that increases the value of the dollars we continue to hold here in the US, while also leaving us with more stuff to sell elsewhere.
The laws of nature are expressions of the will of God. You cannot monkey with them without suffering the consequences.
Big social media companies enjoy government protections while leveraging their privileges to push political agendas.
The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.
Whether dealing in coffee or loans, failed entrepreneurs can cost a lot of people a lot of money. But that's not a reason to bail out any of them.