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Tuesday, July 29, 2014
Corporatism Stifles Innovation
For an economy to grow and create actual wealth, innovation is a bedrock component in the development
of enhanced prosperity. Prosperity is an intriguing concept. Simply making and accumulating money falls short of establishing
a successful economic model. This recent report illustrates a prime example. Facebook stock soars, as company briefly passes IBM in market value. "By most measures, Facebook is dwarfed by IBM: With about 7,000 employees, ten-year-old Facebook is on track to garner
$12 billion in sales this year. The 103-year-old IBM has more than 400,000 workers and sold almost $100 billion of computer
hardware and software in 2013."
Tuesday, July 15, 2014
Corporatist Lobbying Replaced a Free MarketThe practice of a pure free market is so rare that a plausible argument can be made that a free market economy never
existed. However, as the saying goes, Once Upon A Time, economic commerce did reflect a voluntary basis for business transactions.
The fortunes of trade rested upon the mutual benefit of all parties, since repeated satisfaction built sustaining economies.
Competition was the norm and the quality of goods and services developed that propelled expanding growth and prosperity for
the largest numbers of participating producers and consumers. In the corporatist economic model, the goal is to create and
protect monopolies, while stamping out any enterprises that challenge the Plutocrat system. Read the entire article
Tuesday, July 8, 2014
Impact of IMF SDRs for Commercial TradeThe global corporatist economy works differently from business transactions at your neighborhood convenience store.
Ostensibly, the International Monetary Fund was set up to allow the G20 nations to umpire the ground rules to play nice in macro trade. Platitudes about promoting job growth or third world development
are the realm of public relations for the central banks. The impact of the IMF on virtually all countries, vividly seen in
every crisis whether real or contrived, always has a political objective that underpins the economic functions. As confidence
in national currencies falter, the big sugar daddy loves to intervene, provided they pull the strings. Read the entire article
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