Capitalism
Korea’s Entire History Was One of Being a Vassal State in Asia Korea’s long history of subservience to its larger neighbor China started before the Mongolian rule of the Yuan Dynasty period (AD 1271 to 1368). In 1897, at the behest of Japan, Korea declared independence from their Chinese overlords. The Qing Dynasty was crumbling … Read more
After the Second World War the victorious Americans did something utterly unique in world history. They launched a massively generous global campaign to help the previously embattled and badly damaged nations of the world to rebuild themselves. In Europe the campaign was referred to as the Marshall Plan. All the war-torn nations of Europe gladly … Read more
Do the capitalist power elites always control their governments? Karl Marx and his fellow travelers strongly asserted they did? In the Dickensian England of Marx’s day, the productive factory owners clearly did have strong influences in the British Parliament. But that was a time when England was deeply enthralled with The First Industrial Revolution and … Read more
The Pro-log – The Banking Panic of 1907: The Bank Panic of 1907 was a short-lived banking and financial crisis in New York City and along the US Eastern seaboard. It occurred during the rising tide of progressivism, at the beginning of the twentieth century. The banking panic resulted from the collapse of highly-leveraged speculative … Read more
China’s Long and Noble History China has been the central power of Asia, the center of Asian culture and the source of the progress of Asian civilization for the last 4000 years. China is and has been the “central kingdom” and as such has considered itself the natural “ruler of all under heaven.” The continuity … Read more
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 their market areas. They each want to be the last man standing in their sector of the market. Of course, Lenin wrote that book as … Read more
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). In China the ancient tradition of repaying debts before the Chinese New Year stems from the belief that starting the new year free of financial … Read more
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 the first words we all learn as infants is “MINE!” On the other hand, sharing is an unnatural, taught behavior. Teaching a youngster to share … Read more
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 (1886 to 1964) was an Austro-Hungarian economic anthropologist and politician, who was raised in Budapest, Hungary by his affluent German-speaking Jewish family who were well … Read more
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 on the causes of prolonged unemployment, and for his most influential work, The General Theory of Employment, Interest and Money, which was first published in … Read more
A Christian world view is a “God’s eye” view of the world. Creation is both visible (the physical world) and invisible (the metaphysical, “spiritual” world). Ancient Christianity understands that the visible and invisible worlds are coexistent, transcendent and indistinguishable.
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