We do not want to be all negative in this blog. Already some time ago we showed why the Facebook IPO is good capitalism. Here another idea of a community driven website for hydroponic window farms which now starts to build in a shop. One of the biggest advantages of capitalism is the direct reward an inventor can get for his idea or new approach. This drives innovations like RnD-I-Y. Great Idea!
Anonymous asked: I see all these problems with capitalism and stuff you point out (good job by the way), and being frustrated, I want to know how you propose we deal with it. Incidentally, I'm thinking of doing law in university. Any way to deal with these problems from that perspective?
The good thing about America, that there is a lively debate about the tax system. Even though it has to happen on the most un-american news network: Al Jazeera. The fundamental question being asked: Do we really want a tax system that exacerbates income inequality? The US has a long history of inequality and what we can see that Amercans can live with that, as long as there is equality in...
Children of the revolution?
In the current issue of The Economist J.A. Frascino from New Jersey wrote an interesting letter. He sees the cultural revolution in the 1960s as a contributing factor to income inequality and financial crisis. A commitment to one’s job, living within one’s means and saving for future needs were all deemed passé in the bosom of post-war affluence, and those values eventually morphed into...