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Free Market

The 'Market' Isn't So Wise After All

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

By and large the free-market medicine men seem determined to learn nothing from this awful year. Instead they repeat their incantations and retreat deeper into their dogma.

Should The World's Reserve Currency Yield Zero Percent

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

We must grow the economy by empowering the private sector. I would have hoped by now we learned that inflation doesn't solve anything.

Laissez-Faire Capitalism Should Be as Dead as Soviet Communism

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

It's time to drive the final nail into the coffin of laissez faire capitalism. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again.

Will Barack Obama Commit Industrial Policy?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

Obama may soon find that he is committing a big sin against one of the major premises of the reigning ideology, and will create a head-on collision with one of the cherished dogmas of market fundamentalism -- "free trade."

You Heart Corruption

Allison Kilkenny | Posted 05.25.2011 | Politics
Allison Kilkenny

Everyone needs to stop acting like they're surprised by the recession. It's not cute, and it's painfully insincere.

Brainless Bravado vs. Calculated Fraud

Benjamin R. Barber | Posted 05.25.2011 | Politics
Benjamin R. Barber

To the rapacious media: climb off your high horse and stop pretending you're shocked, shocked! Blagojevich is just doing publicly what the free market system has being doing privately for thirty years.

The Lure of Keynesianism

Henryk A. Kowalczyk | Posted 05.25.2011 | Business
Henryk A. Kowalczyk

The way out of our crisis is to limit further the influence of government over the economy, so that even if someone could afford to buy political influence, there would be very little to sell.

Capitalism & the Capitalists

Edward J. Murray | Posted 05.25.2011 | Business
Edward J. Murray

Let's start with a re-thinking our fundamental economic philosophy: capitalism. In order to run effectively over time, democracies need robust economic systems.

Fall of the Wall: Can The Financial Sector Be Controlled?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Where's the outcry when you learn that more money has been spent to contain this crisis than was used in all of World War 11?

Obama's Herculean Challenge

Rob Kall | Posted 05.25.2011 | Politics
Rob Kall

Obama will fail if he tries anything "inside the box." The only way he's going to pull us out of this multifaceted manure pile is by being open to big bold ideas and then taking Herculean steps.

A Congressional Ultimatum for CEOs

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

This morning, Senator Chris Dodd warned that Congress might take a step that would send shivers down the spines of every CEO: federal caps on executive pay.

A Credit Deficit or a Democratic Deficit?

Benjamin R. Barber | Posted 05.25.2011 | Politics
Benjamin R. Barber

The remedy today lies not simply in deleveraging but in re-democratizing -- recreate social capital and trust will follow. Then and only then will markets calm.

Milton Friedman Debate Continues To Roil University Of Chicago

Chi-Town Daily News | Peter Sachs | Posted 05.25.2011 | Chicago

The first faculty-wide senate meeting of its kind in 24 years could take place by the end of the year at the University of Chicago as a controversy co...

The Debt vs. Interest Rate Conundrum

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.

The Failure of the Free Market

Matthew Stein | Posted 05.25.2011 | Green
Matthew Stein

Why do we feel that we must leave our most important assets, the health and natural resources of our planet's ecosystems, up to this sacred cow called "The Free Market"?

Public Ownership -- But No Public Control

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

It is a remarkable time. On Friday, the Washington Post ran a front-page story titled, "The End of American Capitalism?" Today, the banner headline is...

Who's To Blame?

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

I'm getting pretty sick of all attempts to complexify this question, so I'll lay it out for you right here. Who's to blame for this incredible mess? It's really clear.

America Needs Obama To Recreate Our National Narrative

John Rember | Posted 05.25.2011 | Home
John Rember

How to explain an administration that nationalizes the banking system even as it praises the free market? How to explain a financial system that turned debt into wealth, and wealth into debt? How is it that most people don't even know which country their house belongs to?

"Free Market?" R.I.P. and Good Riddance!

Warren Goldstein | Posted 05.25.2011 | Business
Warren Goldstein

Not only are there no "free markets" on Wall Street--there never have been. There have only been institutions and markets receiving varying degrees of protection from the mass of American citizens.

The Bailout Bill Passes Congress, President Signs the Legislation, and the World Is Saved. Not.

Patrick Takahashi | Posted 05.25.2011 | Green
Patrick Takahashi

We saw it when Reagan became president in the early '80s and a decade ago when the price of oil (in real dollars) hit an all-time low. Here we go, back to the past again. That's why it's ominous.

This is a Crisis -- But Also an Amazing Opportunity

Johann Hari | Posted 05.25.2011 | Politics
Johann Hari

Even if the bail-out finally goes ahead, credit is drying up; unemployment is sure to swell, along with all the rage and resentment it brings. So why am I feeling -- tentatively, terribly -- optimistic?

The Story of Silly George -- The King Who Believed in an Imaginary Magicfriendinthesky

Frank Schaeffer | Posted 05.25.2011 | Politics
Frank Schaeffer

You see, the silly prince's brain had quit working the same way that all people's brains quit working when they decide they've found One Truth that solves everything.

Republican "Workout" Is A Cop Out

Ron Grande | Posted 05.25.2011 | Home
Ron Grande

The House Republicans will be to blame for any calamities that may yet be in store for our economy. Their objection to the modified Paulson Plan was not ideological, it was political.

Some Administrations -- Not All -- Make Policy Decisions Based On Constitution

Sheila Suess Kennedy | Posted 05.25.2011 | Home
Sheila Suess Kennedy

As we prepare to choose a new president, we should look closely at the candidates' approach to our constitutional culture. It will tell us much more than the issue papers and campaign promises that are mainstays of electoral strategies.

Take A Deep Breath And Count To Three

Aaron Harber | Posted 05.25.2011 | Business
Aaron Harber

Congress and the current Administration have allowed the nation's finances to deteriorate to a dangerous level.