"Invisible Hands" is about how they were able to grow their ranks over time, so that today business interests are able to exercise immense power regardless of which political party is in the White House.
For my entire adult life, I have watched free-market fundamentalists do their thing. They demonize government, run for government, capture government, then dismantle and privatize government.
"I went against my free-market instincts."
That's what former President Bush said today in explaining why he signed off on the bailout for Wall Stree...
Raj Patel, author of the new book "The Value of Nothing," spoke to Stephen Colbert last night about the hidden costs behind almost everything we consu...
The abrupt and miserable end of the socialist experiment--it all happened so fast, with East Germany getting absorbed into West Germany on Oct. 3, 199...
Given what has happened to our economy in the last decade, it's hard to believe that any of the "freshwater," "efficient market" economists still have jobs, much less, credibility in how the economy actually works.
I was surprised to read the other day that in some cultures if you are asked 'how are you?' the answer never begins with the pronoun 'I' but rather with a 'we' as in 'we are fine or not fine'.
Were one to design a political philosophy calculated to appeal to large numbers of "conservatives" and "liberals," it might look very much like contemporary libertarianism.
Today's power brokers are still at the top of their game because they are said to "have the credentials." No matter that they are the credentials of a shadowy elite--and of failure.
It is about the underlying concepts of our political system. Do we want to stick to the concepts that made America strong and rich? Or do we want abandon them and experiment with new political concepts?
It is so easy in our current political environment to forget that GDP, the unemployment rate, the income tax burden -- a whole slew of measurements -- are freighted with judgments.
The trick in reforming the health insurance system lies not in taking away profits from insurance companies, but in changing the paradigm in such a way that their greed would guide them to provide better health care.
The consumer electronics industry is defined by rapid innovation and falling prices. Advocates on every side should consider these market-based lessons, as they are relevant to the current health care debate.
The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.
Obama praising banks for being "profitable in a free market system" is like him transferring $1 million into my bank account, then sending me a letter for having mustered the brilliance to earn $1 million.
We must help the President and Congress do what we sent them to Washington to do: reform healthcare insurance coverage in the U.S. now. Even faith demands it. Doesn't it?
We will prove that the best thing you can do for capitalism is to have rules that give investors the confidence to get back into the system, that protect the great majority of decent people from abuses.
It is essential for government to play a role in health care. Market forces alone are simply not up to the task of ensuring good health for the nation while containing costs.