What we have in America is a poor country living inside a rich country, and our tragedy is the people of the rich country pleasure themselves by acting as if the people of the poor country don't exist.
China's growth is widely expected to slow further in the second half of 2012. As it does, the new and old guards of China's leadership will be hard-pressed to reassure the Chinese public that their way remains the best way.
Are the workers of the world uniting? Not exactly, but a lot of them sure are mad. A significant number of people around the world have lost faith...
While praising a "free market," they would thus learn to privatize the profits, and, with the help of people in government who shared their ideology or perhaps a little of their prosperity, or both, to socialize the losses -- to make the public pay for huge bad bets made by bankers.
While you still hear noises about "corrupt union bosses," what people complain about today it that labor unions are "elitist." Shocking as it may be, America's working people actually use the E-word when referring to other working people.
The Supreme Court decision that let Obamacare stand gives the president, and all Democrats, an opportunity to remake the case that the Affordable Care Act is a good thing. That's a blessing because many voters do not understand Obamacare.
Some say the left should tout the merits of "government." That is a great idea, if the point is to advance the conservatives' agenda. It is astounding how happy liberals are to work for the right by implying that conservatives somehow just want to leave markets to themselves whereas the liberals want to bring in the pointy-headed bureaucrats to tell people what they should do. This view is, of course, nonsense. Pick an issue, any issue, and you will almost invariably find the right actively pushing for a big role for government. However, for conservatives the goal is not ensuring a decent standard of living for the bulk of the population. Rather the goal is ensuring that money is redistributed upward. And, of course, the conservatives are smart enough not to own up to their use of the government.
WASHINGTON -- A four-day conference for conservative activists organized by FreedomWorks was capped off Monday with a boisterous press conference. ...
One private equity industry insider expressed displeasure with Mitt Romney's explanations so far in defense of his record at Bain Capital, which has c...
One private equity industry insider Thursday expressed displeasure with Mitt Romney's explanations so far in defense of his record at Bain Capital, wh...
We now have entire nations which have become insolvent. It would be very difficult to argue that having a banking crisis is better than enduring a sovereign debt crisis, especially since much of the assets banks hold is sovereign debt.
Whether it is for reporting, procurement, accounting, equal rights or many other purposes, part of the contract any business makes with the government is to abide by the rules.
There are certain aspects of America that I find enormously attractive -- the openness and friendliness of the people, their generosity and the lack of a stifling European-style class system. However, there is a side to America that I find extremely unsettling -- the relentless fixation on money.
Is the free market really free? Or does it come at the expense of civic values we neglect at our peril? That's one of many questions I found myself pondering after reading What Money Can't Buy by Michael J. Sandel.
Even though capitalism has not been laid to rest, it is fair to say that capital is losing its status as the most important factor of production in our economic system. Capital is being superseded by the ability to innovate -- and therefore by human talents.
Although an issue like health care certainly reflects many of the broader ideological schisms in our political debate, amiss in ideological debates like these is the technical reality of the unique challenge posed by health care.
Student loans, unlike almost every other kind of loan available, cannot be escaped through bankruptcy. It wasn't always this way.
Zen master Thich Nhat Hanh believes that putting an economic value on nature is not enough. Fundamental change can happen only if we fall back in love with our planet.
The very ideology that the United States assumed would defeat all comers has in fact been turned against the United States. Liberal democracy contains within it the very seeds of the American empire's destruction. Call it blowback, TINA-style.
In health care, there is no agreement upon goals and therefore, you don't know where the goalposts are that you must defend.
As the presidential election is now shaping up, voters will not be given a choice to rebuke Wall Street by either major party. Expect razor-thin differences between Romney and Obama on the key issues at the heart of our economic crisis.
Many people feel a little pudgy around the holidays. "Thanks a lot, peanut butter brownies and short-rib pierogis," you may be thinking, as you feel y...
In the not-so-long-run, neither of them is going to amount to anything.
The epoch that started in 2008 is defined by a single worry. Equally defining is the visible form that this angst takes. Millions of people in the Wes...
Many economists are urging Americans to go into the market and buy more things for the sake of jobs. But for people of faith, this imperative to buy creates a difficult moral dilemma.
