In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.
Labor and Wages
New technologies, not the state, will be the key to making it ever easier to meet basic needs and diminish the perceived need for more government services.
When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.
SocialismValue and Exchange
True economic value begins in the minds of individuals, and only individuals can predict, plan, and act in the marketplace.
Global EconomyMoney and BanksMoney and Banking
The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.
The resurgent claim that the modern economy was built on slavery is yet another attempt to attack capitalism while also claiming "we are all to blame" for slavery. The slave owners of old tried a very similar tactic.
The EntrepreneurFree MarketsOther Schools of Thought
Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.
Big GovernmentSocialismU.S. Economy
C Jay Engel Reviews The Socialist Manifesto, from the Editor of Jacobin.