Capitalism (page 79)

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    New Carolina Journal Online features

    This week’s Carolina Journal Online Friday interview features Donna Martinez’s conversation with Michael Sanera about North Carolina’s future water needs. Daren Bakst’s guest Daily Journal explores the morality of capitalism.
    Mitch Kokai, October 21, 2011
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    Upcoming JLF Headliner raises red flags about Romney’s Wall Street ties

    A Raleigh audience will have a chance Dec. 15 to hear from Washington Examiner senior political columnist Timothy P. Carney, the featured speaker for the next John Locke Foundation Headliner event. Today, Carney shares with Examiner readers his concerns about Republican presidential candidate Mitt Romney’s ties…
    Mitch Kokai, October 20, 2011
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    Speaking of cronyism …

    If you enjoyed watching the Atlas Network’s Tom Palmer contrast cronyism and free-market capitalism during a presentation this week to the John Locke Foundation’s Shaftesbury Society, you might appreciate The Atlantic’s efforts to document whether members of Congress are reaping unwarranted financial benefits from their public…
    Mitch Kokai, October 19, 2011
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    Atlas Network’s Palmer defends the morality of capitalism

    Most complaints about capitalism actually target “cronyism,” an economic system distinct from free-market capitalism.  In contrast to cronyism, free-market capitalism promotes morality and leads to numerous social benefits. Tom Palmer of the Atlas Network and Cato Institute made those points today during a presentation to the John Locke Foundation’s Shaftesbury…
    Mitch Kokai, October 17, 2011
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    Ferg on Free Markets with Mike Beitler: Article V, Occupy Wall Street, and Immigration Trends

    This week, Mike Beitler of Voice America Business invited me on for an examination of Article V and the National Debt Relief Amendment, the Occupy Wall Street protests (with Greece as a parallel), and the reality of immigration policy. Mike is a host (alongside his teaching and business consulting) I've grown to respect over the years, and I encourage people to have a listen. Don't hesitate to email me feedback.
    Fergus Hodgson, October 15, 2011
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    Anti-capitalism protest spokesman hawks for Fidelity Investments

    One suspects that the Occupy Raleigh crowd didn’t consider the irony of an attendee at the anti-corporate greed gathering wearing a T-shirt that touts Fidelity Investments. Not only did he attend; he also discussed the group’s goals — or lack thereof — with WTVD. Speaking to a reporter:…
    Mitch Kokai, October 10, 2011
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    Capitalism is not the villain, but government is

    Over the past couple of weeks Americans have witnessed a protest called Occupy Wall Street go rampant throughout the nation. These protests are relatively unorganized and protestors have different reasons to go to the street,  but most of them focus on holding corporations accountable, stopping greed and blaming capitalism for the recession in 2007and its aftermath. Should private sector shoulder the blame for the recession and the sluggish recovery over the past few years? If a layman sees free market generating tremendous income inequality, banks granting people who lack credit history mortgages with low interest rate, and money managers like Madoff playing Ponzi schemes, then he may answer yes. Yet the history of capitalism is crystal clear that huge fraction improvements in standard of living have come because private businesses had created new products, given people jobs, generated profit that raised people out of poverty and allowed them to live fruitful and productive lives. We can have much more of that and beneficial effect around the world if we take a step back from excessive government regulations.
    Ziyi Mai, October 6, 2011