Violence in Ukraine Creates Deepening Clash Between East and West. Photo MOSCOW — The two sides in what is developing into an East-West clash over Ukraine hardened their positions on Wednesday, with Russian officials denouncing what they called a coup by right-wing extremists, even as the United States and Europe threatened to impose sanctions on those responsible for the violence that has erupted in the capital, Kiev, and spread to other cities.
What's Better Than Capitalism ? - All Da King's Men. Ethical Capitalism? It's Worth a Try. Following the financial crisis of 2008, many voices used "capitalism" as if it were a dirty word.
We can understand why. The short-term, purely self-interested thinking that contributed to the crisis and subsequent recession has also contributed to a long list of human tragedies: Thousands of workers killed when unregulated factories collapse; a growing income inequality where one billion people barely survive on less than $1 a day; and dangerous climate changes pressuring the supply of basic commodities. Some blame "capitalism" for these problems and, by extension, condemn capitalism as inherently unethical.
At the World Economic Forum in Davos this year, a group of business, NGO and government leaders discussed this question in a panel titled "Ethical Capitalism - Worth a Try? " From my perspective, this notion that "capitalism" is inherently unethical is not only philosophically wrong but factually refutable. Mike Hughes: Capitalism is morally superior to socialism. The Bread-ish Difference Between Capitalism and Socialism - Daniel J. Mitchell. If you ask an economist about the difference between capitalism and socialism, you’ll probably get a boring answer about the size of government, the impact on incentives, and the power of the state.
Or maybe you’ll get a nit-picking answer, sort of like when I explained that Obama technically isn’t a socialist. That’s why it’s sometimes best to use simple, common-sense analogies. Two years ago, I used two cows to explain the differences between various economic systems. But this image may be an ever more succinct way to showing the difference between capitalism and socialism. Europe's left has seen how capitalism can bite back. For most of the 20th century, the word "reform" was commonly associated with securing state protections against the chaotic effects of capitalist market competition.
Today, it is most commonly used to refer to the undoing of those protections. This is not merely a matter of the appropriation of the term by those in the EU and international lending agencies who are using it as code for demands that Greece, for instance, make further cuts in public sector jobs and services. It is also the way the word has become increasingly used by the parties of the centre left. Thus, the newly elected leader of Italy's Democratic party (the successor to what was western Europe's largest communist party), Matteo Renzi, has called for the government to be even more determined in implementing its economic reform package. The package involves reducing public expenditure and changing regulations to make labour markets more flexible and attract foreign investment.
FLOYD: Liberalism sounds better, capitalism works better. The molecular structure of the U.S. is changing rapidly — and not for the better.
Liberalism seems to be overpowering capitalism. Capitalism has a bright future full of innovation and hope. Last summer I spoke at a conference on a panel called, Capitalism in Question.
Many of the speakers discussed capitalism's unsustainable growth, environmental neglect and unsavoury scandals. As a professor of business ethics, I am certainly aware of these topics, but I remarked to the audience that I felt like a clown attending a funeral. Where others see doom and gloom, I see a bright future full of innovation and hope. I've been called an irrepressible optimist or worse, but I believe that we live in a time where business has the potential to solve the world's toughest problems.
Keep in mind that I'm not writing here to whitewash the problems of business. After the recent global financial crisis, there was a need for new thinking about business. Capitalism is a moral fight for millennials. Earlier this week Rolling Stone released an opinion article arguing for five "reforms" that my generation should be fighting for.
In a rather bombastic and belligerent manner Rolling Stone openly endorsed collective ownership of property and many other socialistic principles. The five "reforms" were as follows: Guaranteed work for everybody, social security for all, eliminating private property, make everything owned by everybody, and placing a public bank in every state. Throughout the past 250 years one would think history would show the demerits of central government planning and the flourishing prosperity that comes with capitalism. " - Charlie Kirk Tweet This Now I hate to use the "C" word but when an author of an article outwardly advocates for "everybody owning everything" I am tempted to label that as communism.
The author of the article, Jesse Myerson, was a former Occupy Wall Street organizer turned far left 'journalist" for Rolling Stone. Ben is spot on. Capitalism isn't to blame, lack of responsibility is the culprit.