Tag capitalism

The Financial Times talks like a Marxist

Just why is there so much debt in the Anglo-Saxon world? Bankers and regulators know well that it is in nobody’s long-term interests to have allowed borrowing to escalate to a position where the US now owes far more, as…

Time for empathetic capitalism?

Barron’s, that bastion of capitalism, calls for a kinder, gentler capitalism. Or at least a return to what it was meant to be. [Prime Minister Wen Jiabao Wen] is no paragon of economic and political freedom. Wen does, however, grasp…

General Growth Properties killed by greed

When we last checked about General Growth Properties in December 2008, it was circling the drain. Now it appears bankruptcy is near. This is a near textbook case of how to take a healthy company – they own more shopping…

Ex-prison ship houses foreign workers in Britain

Financial Times photo of the former prison ship, now housing Italian workers in Britain Desperate foreign workers are living in virtual incarceration on an ex-prison ship docked in Britain. They have to be vanned to work to avoid being beaten…