Tagged: free market capitalism

In Search of Fairness

In our business dealings, in our consideration of the feelings of others — in nearly every transaction between civilized people — we seek to balance our selfish impulses with the nebulous notion of what’s “right.” Thanks to parents and religion and laws, we have a strong idea of what constitutes fairness, and our ability to...

A Modest Proposal to Solve Our Oil Problem

This morning the DJ on the local jazz station delivered a comic lament on the trauma of paying $3 for a gallon of gasoline. He recalled that a few months ago the price had fallen to nearly $2 per gallon, but in recent weeks it had eclipsed the psychologically troubling threshold of three, and he...

Learning from Piracy

In a gesture of international goodwill — and because there’s a big trade meeting coming up — the Chinese government recently shut down an enormous bazaar in Shanghai that exclusively offered counterfeit goods. Merchants and shoppers admitted to reporters that the closure would be momentarily inconvenient but that the bazaar would soon move to another...

Why There’s Value in the Underdog

Last night, the University of Florida won the men’s collegiate basketball championship, beating UCLA, 73-57. The Florida Gators were the favored squad, and, as usual in this type of spectacle, most of the money on the contest was bet on the favorite, the team that’s perceived as stronger than the other one. Everybody loves a winner...

Self Destruction

Depending on one’s quotient of Puritanical self-abnegation, the follies of other less disciplined souls often inspire the pensive equivalent of a scoff. Of the fatty we think, “Surely he knows that a diet of doughnuts and fries will only make him more obese.” Of the smoker we think, “Surely she knows that smoking causes an...

Painter of Light

According to a series of recently published newspaper stories, Thomas Kinkade, the enormously successful painter, isn’t as nice of a man as his collectors and business associates believed him to be. This normally wouldn’t be much of a revelation except that in Kinkade’s case the artist trades heavily on his “Christian values” and “core beliefs,”...

Moderation in All Things

The goldfinches that inhabit the trees in my back yard are some of the plumpest birds I’ve seen in the wild. Unlike Antarctic emperor penguins, these little creatures aren’t storing up enough belly fat to make it through a winter-long trek across glacial desolation. They live in Hollywood, and they’re just fat. It’s probably my...

Waiting as a Social Bond

The great rock band The Sex Pistols had a song back in the 1970s that railed — railing being the primary function of all Sex Pistol songs — against their former record company, EMI. Watching a massive queue the other day outside a neighborhood hotdog stand brought back memories of John Lydon (aka “Johnny Rotten”)...

Why It’s Important to Earn Lots of Money

Most of us toil at jobs were not crazy about, dedicating a large portion of our life on Earth to laboring at tasks that may or may not satisfy our spiritual hunger. We recognize that we have a finite amount of time to be alive — and that time may be shorter than we imagine...

Philippines Notes, Part 3: Free Markets

Those of us with a libertarian bent are at times susceptible to the theoretical ideal of “free markets,” the utopian concept of economics unburdened by interfering governments or regulations. Expressed purely (and absurdly) as the perfect crossroads of Supply and Demand, free markets are supposed to produce the best product at the best price, letting...