6
Minimum Wage Law Backfires in American Samoa
A 1961 Reader’s Digest piece called it “America’s shame on the South Seas.” American Samoa remains relatively impoverished compared to…
Browsing: The Economy
1
Distributism and the Current Crisis, Part 1: The Scale of Government
Discussions of what to do about the current crisis commonly take the form of an argument between “socialism” and “capitalism.”…
0
Europe’s Not-So-Revolutionary Youth
As the European Union’s financial crisis continues to unfold across the old continent, many young Europeans are belatedly realizing their…
2
Who Owns Our Jobs?
We have all been trained up to the belief that jobs are something in the gift of great corporations or…
2
Our Health is Overinsured!
One of the arguments for healthcare reform is that millions of Americans with employer-provided healthcare are underinsured. Proponents of this…
0
A Circle of Exchange is Better than a Circle of Protection
Strife over the budget in Washington continues, with religious leaders and organizations weighing in on both sides. The positions of…
0
May the Farce Be With You:Lessons for 2012 from Lincoln and Louis
Karl Marx famously quipped that great historical events and personages appear twice, first as tragedy and second as farce. The…
8
Capitalism as an Unnatural System
Ever since capitalism made its appearance in the late Middle Ages and came to dominate both production and politics in…
1
Swindling America’s Youth
We older Americans have saddled our youth with a mind-boggling public debt—over $20 trillion already spent ($14.3 trillion of “official”…
1
Uselessness of Utility
At the base of all modern economics lies the assumption that people always act in their own self-interest and that…