How employment actually works
Let’s talk about this image: First, it is generally NOT true that workers at a business create value. Most workers, instead, transform existing materials ...
Category: Capitalism
Apple’s battery woes
Recently Apple confirmed that its iPhones slow down as the battery degrades. A lot of people have taken this to mean that Apple is trying to force people to upg...
My Christmas rant…
(Note: I originally wrote this in 2009. Opted against updating the dates.) Over the years, I’ve stepped back and thought about what Christmas has become. ...
Trickle-down economics, or why you have a computer or smartphone
Many on the left do not understand how “trickle-down economics” works. The more accurate name is “supply-side” economics. Colloquially i...
Let businesses discriminate
Here’s an idea… given how much “social progress” is supposed to have been made over the last 50+ years, let’s do this: repeal all ...
Misunderstanding profit
When it comes to business reports, the concept of profit has to be one of the most misinterpreted items on a company’s balance sheet. What is it, what doe...
The socialist parking lot
Here in Kansas City we recently had a snow storm come through that dropped nearly a foot of snow on us. As such, for much of today, people were taking time clea...
Student loan smokescreen
President Obama’s latest focus on student loans is a vapid response to the unemployment issue: We should be doing everything we can to put higher educatio...
Creating Jobs 101
In the current unemployment climate, the one piece of empty rhetoric you constantly hear is "creating jobs": "Obama created jobs" "Bush...
An observation
First, let’s define a couple things. Pure capitalism and the free market mean that the market participants determine who of the market competitors survive...