Category Archives: Capitalism

Response to David Henderson’s article “AOC Versus Adam Smith”

In response to David Henderson’s article entitled, AOC Versus Adam Smith, (published in the Hoover Institution’s, online newsletter “Defining Ideas,” Economics Department, Standford University, Feb 7, 2019, https://www.hoover.org/publications/defining-ideas) here are some of my thoughts: Henderson is correct that the possibility of making money does benefit the public by motivating people to produce goods and services

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You are here: The Final Stages of Capitalism

Gwenne Allgaier writes: The final stages of capitalism, Karl Marx predicted, would be marked by global capital being unable to expand and generate profits at former levels. Capitalists would begin to consume the government along with the physical and social structures that sustained them. Democracy, social welfare, electoral participation, the common good and investment in

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