Editorial – Marxism That’s Permitted and Marxism That’s Not

There is Marxism that’s permitted and Marxism that’s not. The iteration of Marxism that’s permitted in general public discourse is a modified form. Just because the other form isn’t permitted doesn’t necessarily mean it’s completely repressed in our culture, at least not in the manner that repression is usually understood. Our culture is more like Brave … Read more

Mismanaged Financial Panics

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 became the editor in chief of The Economist.  Over the next 17 years that he held that position, he transformed the journal into one of … Read more

Nine Failures of Capitalism

Capitalism The term capitalism was originally coined by Karl Marx as a derisive straw-man caricature of the system which allowed the “capital-rich” and exploitive factory owners to abuse and underpay the able-bodied, yet often desperate workers in Victorian England’s First Industrial Revolution. While the term capitalism was never exactly defined by Marx, and has never … Read more