redistribution

Will the Pandemic Promote Political Power in Perpetuity?

American Institute for Economic Research, May 26, 2021 Will the Pandemic Promote Political Power in Perpetuity? James Bovard “It’s like we created another industry in our state. The amount of money is staggering,” Andrew Schaufele, director of Maryland’s Bureau of Revenue Estimates, happily declared last week. The Biden stimulus plan is deluging governments across America […]

Orthodox Christianity versus Socialism, Part II – Socialism Punishes Virtue

In Part I of this series, we began analyzing the incompatibility between Socialism and Orthodox Christianity. This has become something worthy of study, especially recently in the United States as the rise of Democratic Socialist Bernie Sanders has drawn more and more public and voter attention. Statistics show that a great number of “millenials”, those twenty-something young Americans, see no problem with taking the US into a new existence as a socialist state.

White Farms and Black Farms: Will South African Land Finally Shed Apartheid’s Proportions?

CAPE TOWN, SOUTH AFRICA — The first thing a casual visitor will notice about a white-owned South African farm is its size. In summer, the typical commercial farm here is greener than imagination, and stretches seemingly into another day, beginning at a fencepost, or frontage road and ending, a few thousand acres later, at the sky, or on the banks of a gleaming river.

Profit from Crisis

This piece was first published online in Frontline on April 16, 2014.
Can it be true that capitalists prefer crisis over growth? On the face of it, the idea sounds silly. According to Economics 101, everyone loves growth, especially capitalists. Profit and growth go hand in hand. When capitalists profit, real investment rises and the economy thrives, and when the economy booms the profits of capitalists soar. Growth is the very lifeline of capitalists.
Or is it?
What motivates capitalists?