Saturday Australia’s Liberal government is going to blame Dingbat Dan for the economic crash that is upon us. Dan Andrews, the Victorian Premier, is widely perceived as a completely out-of-his-depth idiot who has stuffed up his responsibilities to a magnificent degree. It will stick. Dan’s daily, self-obsessed, media ramblings have made him the poster child … [Read more...]
Wealth Creation and Destruction
Monday It does not take a degree is miserableness to note that the world is in a bad place. This is exacerbated by the fact that we are ruled by those of undistinguished intellect. Theresa May, Justin Trudeau, Emmanuel Macron, Angela Merkel, Jacinda Ardern (what were the Kiwis thinking?) and Nicolas Maduro; the list could go on and on. At a point in history … [Read more...]
How to Identify a Capitalist Economy
Friday There are three options with regard to a nation’s economy: 1 Capitalism, which leads to capital creation, 2 socialism, which leads to capital destruction, and 3 the ‘Third Way’, which impairs capital creation but, in moderation, does not put the process in reverse and destroy capital. Today, option 3, the Third Way, is the preferred model … [Read more...]