Dave’s Blog
-
US Capitalism Is In Trouble, Part 4 of 7 – It Simply Isn’t Fair
So far, we’ve talked mostly about business entities and how they can successfully exploit a small imbalance to grow their advantage bigger and bigger in support of their self-interests. But the same also happens for individuals, and we as voters are letting it continue. This is evidenced by the several billionaires in the US. Some… Read the post…
-
US Capitalism Is In Trouble, Part 3 of 7 – Persistent Life Support Required
As of this writing, the US government debt (the total amount the United States government owes, excluding some obligations) is about twenty-five trillion dollars, and rising rapidly. Twenty-five trillion dollars is 25 with 12 zeroes after it. With that many zeroes, it starts getting hard to wrap your head around just how much money we’re… Read the post…
-
US Capitalism Is In Trouble, Part 2 of 7 – Why Do They Do This? Because They Can
Why do businesses act this way? At the core, as we’ve already said, it’s to advance their self-interests. But it’s also because we let them. Like it or not, we as individuals and the businesses we create are inextricably linked with our government. The question for us at this point is whether our government is… Read the post…
-
US Capitalism Is In Trouble, Part 1 of 7 – Self-Interest Usually Wins
Adam Smith, the founder of modern economics, suggested around 1759 that there is an “invisible hand” that works in our economy. What he meant by that was that as people act in their self-interest, as people are prone to do given human nature, it will have the unintended consequence of benefitting society as a whole. … Read the post…
