Futures Markets and the Absurdity of Capitalism


By Thomas Storck Capitalism is often celebrated by its supporters as the only economic system that can really deliver the goods, the only way of arranging our economic activity that has or that can lift mankind out of its supposedly otherwise inevitable poverty. And it is the case, one must admit, that capitalism does act … More Futures Markets and the Absurdity of Capitalism

The bogus, self-serving notion that poverty is simple


In a recent article for The Week, Jeff Spross makes a fair claim against the standard “conservative” rhetoric that the real solution to the problem of poverty is for those in poverty to start working. He also addresses the position of some conservatives who say that we can never truly address the issue of poverty … More The bogus, self-serving notion that poverty is simple