There is a common belief that is prevalent among economists, in particular free-market economists, that, by itself, capitalism and global free trade will provide a
Greed is Bad
In the movie Wall Street, the director sought to present to viewers a modern-day parable illustrating the harmful effects of greed. By portraying the protagonist,
The Free Market is not Free: The Grave Inefficiency of the Price Mechanism
In classical economics theory, all the participants in the economy are assumed to have perfect and complete information, at all times, about everything they need
Capitalism’s Greatest Defect
The many apologists of capitalism argue that capitalism is a neutral or valueless system whose sole objective is to enable people to create wealth and
What is a Thing Worth? Determining the Values of Things
Other animals do not value the great majority of things to which we humans attach so much importance, and to acquire which some people expend
Foreign Aid
It is a well-known fact that, despite all the millions and billions of dollars of aid that have been given by wealthy countries to their