Reinventing Capitalism?

It is argued that Capitalism is the single most effective engine for change we’ve ever invented but it’s also been instrumental in creating the very challenges that threaten our continued survival: climate change, the impending energy crisis, even over-population.

Does capitalism’s focus need to be changed – from short-term stock prices, valuing profits over people, and costs deferred to future generations – to some more alluring system if this system exists.

I personally believe that anything we will do to reign on Capitalism will stifle the wonders that it produces. I also believe that the so-called “problems of capitalism” are not from capitalism itself, but from attempts to “improve” on the free market in an attempt to better some particular interest group by redistribution from some other lesser interest group, at the point of a gun.

For More: http://ziadabdelnourfinance.com/reinventing-capitalism/

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Legal Extraterritoriality As An Assault on Capitalism

Is the federal government trying to subvert American capitalism by pushing for extraterritorial application of American criminal law as a way to induce the flight of capital, and the capital classes, from the United States?

Is this theory so radical?  Little else explains why federal government lawyers are making certain arguments to defend the fraud convictions of two Wall Street financiers – Ross Mandell and Adam Harrington of Sky Capital -- against their appeal.  Our government now argues that “criminal statutes have extraterritorial reach so long as the nature of the crime does not turn on where the defendant acts and where restricting the statute to domestic acts would undermine the statute’s purpose.” Appellate Brief For The United States of America, Mandell v. U.S., Docket Nos. 12-1967 and 12-2090, at 34 (emphasis added).  You read that right; where the crime occurs is irrelevant, because if our federal government declares the "purpose" of an American law reaches beyond our borders, you can be prosecuted for something you are accused of doing abroad, even if that act is not a crime offshore! Unless American courts reaffirm a recent Supreme Court decision, our Justice Department can stretch the reach of America’s metastasizing criminal law and equally byzantine civil law anywhere on the planet. Extraterrestrials, beware.

For More: http://www.financialpolicycouncil.org/fpcnew/articledetails.aspx?id=43/Legal-Extraterritoriality-As-An-Assault-on-Capitalism

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It's time for capitalism to grow up

The 1987 crash was thus not provoked by events in the real economy but by a supposedly smart risk-management strategy— and the current downturn also derives at least partly from a global craze for a seemingly foolproof financial innovation.

Investors in financial markets rationally pursuing individual profit, can produce outcomes that are globally negative. Doesn’t that contradict classical economic theory? “Both theory and empirical facts do tend to show that,” says Cont. “On the financial markets, the ‘Invisible Hand’ does not always lead to welfare-improving general outcomes.”

Hence, free-market capitalism is not dead, but it is unclear whether there is any better alternative. In fact, I strongly believe that capitalism has to grow up and become less naïve, relying less on a blind faith in the invisible hand and more on an understanding of human nature, including insights from the field of behavioral economics.

For More: http://www.foxnews.com/opinion/2012/03/13/its-time-for-capitalism-to-grow-up.html

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WHAT'S WRONG WITH CAPITALISM TODAY

There is not a single day that passes that I don’t hear some of my Wall Street peers complain about the state of capitalism in America today – and how different it is from only a couple of decades ago.

Is capitalism broken or what, exactly, has happened to this “fountain of money and growth” to draw such irritation among Wall Street financiers today?

I don’t believe that capitalism is broken but it is a fact that capitalism requires freedom to work. It frankly is not and has never been designed to work in an environment dominated by market controls, regulations, artificial barriers to entry, monetary manipulation and a myriad of other government interventions. To the extent that these things are present, I am afraid capitalism will appear broken. It is a wonder that what little capitalism that remains can still tug us along the path of progress as much as it does.

For More: http://www.wnd.com/2014/06/whats-wrong-with-capitalism-today/

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Countering the Assault on Capitalism & Defending the Market in Anti-Market World

https://www.youtube.com/watch?v=vPFFVUQkRhE

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