Tag Archives : free market economy

Neoliberalism is founded on free trade, the concept of private business, and a minimal role of the state. It is the mental framework of globalization. It also comes with a huge social cost. To offer a comprehensive paradigm to replace neoliberal globalization is deglobalization for the developing countries. The deglobalization paradigm rests on some [...]

For a few months now, we have been hearing about the scenario that socialism is gradually but surely inching its way well into the social, political, and economic processes of the greatest superpower on earth, the United States of America. The federal government would have been loath to make these US businesses fail. Neither will it ever think of helping [...]

When William Wallace, portrayed by Mel Gibson in the film ‘Braveheart,’ screamed “Freedom!” moments before he was decapitated, one can’t help but notice that the cause which the national hero of Scotland fought for is no different from the freedom causes that others likewise died fighting for, and still some are fighting for to this day. Wallace [...]

When income does not go to savings, it generally ends up in the realm of consumption. The principle of consumption rests on the concept of disposable income. When one has more income to spend, he has the bigger opportunity to consume. Consumption is rather attractive and tempting, at times. In a free world, there really is no barrier to consumption [...]

The answer is no. The paranoid capitalists think that when a government rescued the banks, the state has taken over. And, therefore, capitalism is dead and long live the State. The triumphant left-wingers think that when a government rescued the banks, free market is rendered inutile. And, therefore, open markets are dead and long live state control. [...]