capitalism

Elliot Gerson, secretary of the Rhodes trust, points to an interesting trend: In the past thirty or so years, Rhodes Scholars have disproportionately chosen to go into Wall Street careers. He writes:

Health care reform vital for all Americans
Daily Illini
University of Illinois

Dear Editors,

In your recent editorial, “Health care reform vital for all Americans,” you applaud the proposed healthcare bill for its efforts to “reform the broken health

Madam-
In your article, “Would Jesus Be A Capitalist?” you describe how, upon noticing a line of scripture while walking through Goizueta Business School, you found yourself laughing with a sense of irony. Jesus, you suggest, would not have endorsed our current economic system. Yet, what specifically would Jesus not have supported?

On September 7th Americans observed the holiday known as Labor Day. Many of them, not knowing its origins, enjoyed a day, ironically, without labor.

Capitalism is in crisis, claims Richard Posner on the pages of the Wall Street Journal today. This crisis happened, he says, because “a capitalist economy, while immensely dynamic and productive, is not inherently stable.” Furthermore, he suggests that “the banking crash might not have occurred had banking not been progressively deregulated beginning in the 1970s.”

The Undercurrent has two new flyers available. Distributing is easy--simply download and photocopy! These flyers offer Objectivism’s unique perspective on the economic crisis now facing America.

Over the last few days Washington has been denouncing AIG for paying out retention bonuses to employees in its financial-products division—the same division responsible for much of the company’s recent losses.

Relegated to the background is the fact the bonuses are a lawful contractual obligation.

Originally published in 1957, Atlas Shrugged, one of the most controversial novels in American fiction, celebrated its 50th anniversary last year. Annual sales have been growing for years, and may grow even faster if Hollywood talk of a film-adaptation proves accurate.

Atlas Shrugged is routinely included on ‘favorite books’ surveys.

The Wall Street Journal recently ran an excellent editorial examining the bad business and corruption that arises "when you combine private profit with government power." Created by an act of Congress in 1938, Fannie Mae is a government sponsored enterprise (GSE) that owns or guarantees nearly one half of the $12 trillion US mortgage market.