Word: capitalisme
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Sarkozy set high expectations for the summit by calling for the "moralization of financial markets" and a wider push to "re-found the capitalist system." When he and Bush announced the agreement for the summit, the French President envisioned a new regime to prevent "those who have led us to...
Should that happen, the IMF could be given a new function as a "permanent secretariat" overseeing finance markets for G7 and other major countries, Buiter says. That's rather a far cry from Sarkozy's appeal to reinvent capitalism - or even British Prime Minister Gordon Brown's call to reform...
There are aspects of Keynes that haven't worn so well, his disdain for long-run economic considerations among them. ("In the long run we are all dead," he wrote in 1923. He would make it to 1946, but we're all still here.) When there's an immediate crisis...
And perhaps most notably, the recent economic slump has meant good news for someone who hasn’t gotten much since the October Revolution: Karl Marx. Apparently, now that capitalism is teetering on wobbly legs, the polemical rhetoric of Das Kapital is looking more and more appealing. Jorn Schutrompf...
If you didn’t know, Costco stores sell toilet paper in packs of 36. In 2007, the Wall Street Journal reported that the average American uses 8.6 squares of toilet paper per bathroom visit, for a total of roughly 57 squares a day. Charmin Ultra has 264 squares...