Socialism | The Daily Capitalist

Government Health Care Kills, Part II

I republished the “Government Health Care Kills” article on ZeroHedge where I also publish (same stuff as here at The Daily Capitalist). It had about 3,000 reads and 120 comments. The comments were mostly negative, especially from Canadian and UK readers who defended their systems and denigrated the U.S. health care system. Many comments were [...]

The President's Health Care Proposal

I just read the 11 page summary of the President’s Proposal on health care reform put out by the White House. Fellow Americans, you have no idea of the financial havoc this plan, or the House or Senate plans, will cause to the health care system specifically or to the economy in [...]

China's Housing Bubble

China has created a new housing bubble. Here are some excellent reports on what the bubble looks like and some ominous glimpses on how it may end. Like all bubbles it will burst and the economic fallout will impact China’s economy and the U.S.’s. The frenzy indicates that the blow-up will occur [...]

Hugo Chavez: International Economic Clown

If it weren’t for Hugo Chávez, my favorite Latin American dictator, life would be pretty dull. The guy is a walking, talking economics lesson. He’s so easy to pick on because he has the Sadim touch (you know, instead of turning things into gold like Midas, he turns things into crap).

Everything he has [...]

Dear Econophile: Advice For the Economic-lorn

I get a number of e-mails from readers seeking advice, usually investment advice. I politely advise them that I do not give investment advice. Last year I received messages of a theme that can be described as folks who felt The Great Collapse was happening. Armageddon and that type of thing.

Here is some correspondence I [...]

A Cold War Cartoon

By Jeff Harding.

Here’s a bit of nostalgia from 1948. A cartoon from Harding College (no relation) extolling the virtues of capitalism. It’s a bit corny and jingoistic, but it’s fun and worth watching. 1948 was the beginning of the Cold War and the feeling at the time was “us vs. them.” The USSR was a [...]

Unions vs. Workers; Fond du Lac vs. Stillwater

By Jeff Harding.

This story about Mercury Marine is one of the more fascinating events that has come out of our economic crisis. The players in it consists of diehard labor unionists, mislead workers, a major company, and two cities desperate for jobs.

Let me first state my position on labor unions: these organizations today [...]

The DC Kids

This is a startling article (Hat Tip to Lloyd G.) about who’s in charge in Washington and Detroit. I don’t need to say much about this; the article speaks for itself.

The 31-Year-Old in Charge of Dismantling G.M.

WASHINGTON — It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the [...]

Failure of the Anglo-Saxon Business Model

Why do they pick on the poor Angles and Saxons?

It seems to be open season on Angles and Saxons. Our European friends say that the “Anglo-Saxon business model” is too dangerous to the world for it to continue as it is.

“Self-regulation is finished, laisser faire is finished, the idea of an all powerful [...]