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In 1916 Vladimir Lenin wrote his book Imperialism, the Highest Stage of Capitalism. In that book he asserts that successful and competitive capitalist enterprises work hard to become monopolies in…

In ancient Israel the sabbatical year (ever 7th year) was not only a year of allowing fields to be left fallow, it was also a year of debt forgiveness(Deuteronomy 15:1-2).…

The most core and basic of all human nature is self-interest. This is the nature we are all born with. Every baby cries to be fed or changed. One of…

Polanyi famously asserted that:  “The victory of fascism was made practically unavoidable by the liberals’ obstruction of any reform involving planning, regulation or control.” The Hungarian intellectual Karl Paul Polanyi…

John Maynard Keynes was born in Cambridge, England in 1883, to a privileged elitist academic family. Keynes became an influential economist and he is best known for his economic theories…

Walter Bagehot was a mid-Victorian era journalist in Britain who married the eldest daughter of James Wilson, the founder of The Economist magazine. When Mr. Wilson died in 1860, Walter…

During the 18th century, the higher efficiency of the nascent factory system made the previously revolutionary cottage industry production system less efficient and therefore newly uncompetitive. As a result the…

Good capitalism is exemplified in the narrative of Daniel Defoe’s book A Plan of English Commerce, where he adroitly gives the history of the true first industrial revolution in England. In…

The Big Bang Event is the general term applied to the group of naturalistic (non-supernatural) theories which attempt to explain the origin and subsequent development of the physical cosmos by…

The term capitalism was originally coined by Karl Marx as a derisive strawman caricature of the system which allowed exploitive factory owners and managers to abuse and underpay the able…