Combining bad Marxist theory and millennial laziness

Total automation, capitalist or communist, removes the very purpose of human existence

Combining bad Marxist theory and millennial lazinessSince the publication of Fully Automated Luxury Communism in 2018, a manifesto by Aaron Bastani, millennials across Canada and the United States have embraced a new Marxism for the 21st century. This new socialism is based on the concept of a post-scarcity economy that embraces automation, the reduction of working hours and a universal income.…

How to fix toxic shareholder capitalism

Too many valuable assets never get identified, measured or capitalized on a company’s financial statement. Those include workforce and corporate reputation

How to fix toxic shareholder capitalismI remember it well: the CEO of the company stood before the cheery assembly of wide-eyed employees brandishing a newly-released report and declaring, “This is the start of our next great journey together, building a more sustainable company and a better, more sustainable, future.” I then followed the CEO and his team to their top…

Can ethics save capitalism?

The rise of angry populism has illustrated one critical truth – CEOs and other business leaders need to align their actions with the greater good

Can ethics save capitalism?The most common criticism of capitalism is that it has no history of working for the benefit of society as a whole. You may be surprised to learn that major schools of thought believe this is a virtue, not a fault of capitalism. If you had asked the late Prof. Milton Friedman, former head of…

What exactly do U.S. socialism enthusiasts have in mind?

The Nordic countries, particularly Sweden, are often trotted out as great examples of superior social systems. But a closer look at the details raises concerns

What exactly do U.S. socialism enthusiasts have in mind?Referring to American millennials’ purported fascination with socialism, someone recently cracked that perhaps they’re confusing the term with social media. But wickedly irreverent though that crack might be, it fails to do justice to millennials and their aspirations. However, the question remains: What exactly do these socialism enthusiasts have in mind? Unlike left-wingers in the…

Why Trump will win in 2020

Blame free-market globalization, and the accompanying wage stagnation and declines in middle-class living standards

Why Trump will win in 2020Even Donald Trump’s most ardent supporters admit that he's impulsive and about as presidential as a bull in a China shop. In normal times, Trump would never have been nominated by the Republican Party and would certainly not have been elected president of the United States. But these aren't normal times. Far from it. After…

Financial illiteracy on the campaign trail won’t serve Sanders

The U.S. senator is using baseball to decry the inequalities that crop up in capitalism. That’s just nonsense

Financial illiteracy on the campaign trail won’t serve SandersSomewhere in heaven, baseball pioneer Curt Flood is smacking his forehead with his palm. The reason for Flood’s exasperation? Comments from avowed socialist and Democratic Party presidential candidate Bernie Sanders. On the stump, the Vermont senator is using baseball to decry the inequalities that crop up in capitalism. “If we are a nation that can…

Disruptive platforms create fair market conditions

Peer-to-peer platforms such as Airbnb bring more resources to the market, increasing supply and lowering prices

Disruptive platforms create fair market conditionsUber drivers in Buenos Aires ask passengers to ride up front to avoid vigilante attacks, since an Argentine judge has ruled Uber illegal and the country’s banks have cut off Uber’s access. The city’s taxi cartel has shut down roads and brought violence and arson upon Uber drivers and vehicles. Yet Uber’s popularity has exploded…

Millennials can save the future by reinventing money

They need to reinvent the capitalist system to fully unleash that creativity and establish an economy that’s more just and balanced

Millennials can save the future by reinventing moneyIf you dare to ask, young people today will tell you their generation is screwed. Why? Because they were told, “Be creative, get an education and you can be whatever you want to be.” Oops, wrong! Struggle through a creative career and it's almost impossible to buy a home or escape from student-loan hell. In…

We need to reset capitalism before we dig a deeper hole

Milton Friedman was wrong. Paying attention to other stakeholder interests is not a diversion, it's management's job

We need to reset capitalism before we dig a deeper holeThe National Post's Terence Corcoran is a celebrated champion of free markets. In his latest post, “Milton Friedman is right, profit is a company's only purpose,” he champions one of the most controversial principles in global capitalism. Corcoran's primary fear is that “a long list of academics, consultants, business leaders and politicians – many of…

Can capitalism help save republicanism – and the United States?

It’s time to give individuals personal ownership of their data and, in essence, an equity stake in the new means of production

Can capitalism help save republicanism – and the United States?Canadians turning their gaze south are becoming increasingly concerned that the United States is descending into anarchy and despotism. Apart from the chaotic White House, the dysfunctional Congress and the astronomical public debt, American society is becoming dangerously divided as powerful forces continue their relentless concentrations of wealth and power. This is a far cry…
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