Capitalism - The economics of market-price-based commerce or Financier-based (globalist) capitalism.
China’s Long and Noble History China has been the center of Asian culture and the main source of the progress of Asian civilization for the last 4000 years. From a Chinese point of view the god of creation gave the Han Chinese people the honor of being that central kingdom. As such the Chinese have … 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
Virtue Signaling is Far More Common than Virtuous Behavior Is Our most core and basic 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, … Read more
Polanyi Disputed Conventional Wisdom 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 … Read more
The US taxpayer ultimately has to pay the bill incurred by bad government. Main Street has to pay the bills left behind on Pennsylvania Avenue. The ancient Greek legend of Sisyphus is on one level an allegory of the sad slavery of the American taxpayer. Deficit spending and massive corruption are the two ingredients found … Read more
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 (market-price-based commerce) 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 … Read more
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
A Christian worldview is a “God’s eye” view of our 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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