Word: capitalisme
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The irony is that nothing can be done about this particular problem. It is a result of pure capitalism and consumer choice. Any Ec10 student can tell you that if something costs less in one place than in another, people will seek that lower price.
So what's the solution? We must be aware of the cost of both our new warehouse style of capitalism, as embodied by Wal-Mart and Costco, and the revolution in communications technology. Small-town America no longer exists the way it did when our parents were growing up. You...
One must ask why this is happening. Is it part of the usual economic cycle? Is it because the economic system and practices of all the affected countries are wrong? Is it because of corruption, of crony capitalism and nepotism? Everyone must concede that before the turmoil, the countries of...
It is only as I grow older and struggle with my own plans and desires to "save the world" from the evils of racism, sexism, homophobia and capitalism, that I have begun to see this man as a shining example of what can be achieved through passion and perseverance. In...
WASHINGTON: Alan Greenspan gave the House Banking Committee a tour Wednesday through the hospital ward that is the global economy, and once you untangle what committee chairman James Leach laughingly called "international banking-ese," the Fed chairman sounded a lot like Patton. While acknowledging that the modern ultra-connected economy...