Capitalism
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
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 cottage industry system lost its commercial viability and gradually began to fail economically. The combination of the decline of cottage industries and the rise of … Read more
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 deference to the later, more well known event that term is routinely used to describe, I will refer to the subject of Defoe’s essay as … Read more
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 bodied yet often desperate work force in England. While the term capitalism has really never been exactly defined, the term was quickly adopted by “the … 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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