Without the elements of trust and fairness, democracy and free market capitalism cannot work. And poll after consumer poll reveals that a greater percentage than not believes our government and the business and financial sectors are lacking both.

Originally posted at: www.capitalistexploits.at What can be said of Doug Casey? His life and career are the stuff of legend among investors and speculators, especially in the junior resource space. Doug is a friend and mentor to Chris and I. For over

Pope Francis has attacked the “dictatorship” of the global financial system and warned that the “cult of money” was making life a misery for millions. He said free-market capitalism had created a “tyranny” and that

How astonishing to have a public servant who actually cares to inform the public about the inner workings of the system of crony capitalism that has wedded big government with big business. This comes at the expense of the free market that corporate

This boom is driven by fear, and a desire to maximise income safely, but capitalism thrives when some companies are forced to the wall

Readers have asked from time to time for us to provide T-shirts so you can let friends and colleagues know you are a member of the Naked Capitalism community.Since we are chronically in "cobbler's children go unshod" mode on almost everything admin r

Here's what you helped us to do. Hoisted from comments:

  Stocks are officially in a blow-off top.     This is the culmination of Bernanke’s life’s work. In his mind he has succeeded in saving capitalism by spending trillions of Dollars pushing stocks higher.   It doesn&rs

IN THE competition for most inauspicious introduction to finance, Terrence Duffy, the executive chairman of CME Group, must surely be the winner. Soon after convincing his mother in 1981 to borrow $50,000 so he could buy a seat to trade futures on wh

Ross Kaminsky sees through economically (and historically) uninformed assertions that “capitalism is killing our morals.” Jim Dorn sees through economically (and historically) uninformed assertions that minimum-wage legislation is a boon

Cullen Roche of the Pragmatic Capitalism blog has noted that New York Stock Exchange margin debt, which is used to leverage up bets on stocks, is near all-time highs. "It’s rather alarming to see NYSE margin debt just shy of its all-time high a

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Easy and cheap credit, combined with crony capitalism and corporate mismanagement, fueled a banking crisis that threatens to make Slovenia follow the path of Cyprus.    

Every year on this day, tens of thousands of people make the pilgrimage to Omaha, Nebraska to hear two of the worlds richest men discuss everything from cultural trends, to love and marriage, to assigning probabilities to terrorist attacks. Those men

By Hugh, who is a long-time commenter at Naked Capitalism. Originally published at Corrente. A complete archive of Hugh's reports can be found here.Short Form:In seasonally adjusted terms, 165,000 jobs and unemployment dropping to 7.5% are OK, but no

Pope Francis continues to condemn capitalism's excesses. Yesterday, according to an AFP report, Pope Francis ripped into the "slave labor" conditions at a Bangladesh factory whose collapse killed hundreds.  And then this morning, the Pope Tweete

Crony capitalism representsboth a corruption of capitalism and a corruption of morals. Keynesianism also represents both a corruption of economics and a corruption of morals. Cronycapitalism and Keynesianism are just two sides of the same debased coi

Submitted by Omid Malekan via OmidMalekan.com, A major issue in America today is the growing gap between the rich and the poor, and the popular narrative is that the disparity is caused by capitalism run wild and only the firm hand of government can

Pope Francis on Wednesday condemned as "slave labour" the conditions for hundreds of workers killed in a factory collapse in Bangladesh and urged political leaders to fight unemployment in a sweeping critique of "selfish profit". The pope said he had

Capitalism's founder Adam Smith's "invisible hand" is indeed invisible to most of society. However, that invisible hand now belongs to big business, finance and government -- to whom it is very visible indeed.

As a labor strike at Hong Kong’s port grinds on, the city’s raw, if not brutal, form of freewheeling capitalism now faces political risk, writes Craig Stephen.

In one of the most hopelessly incorrect collections of drivel that I have ever seen, Paul Farrell of MarketWatch writes Capitalism is killing our morals, our future.Yes, capitalism is working ... for the Forbes 1,000 Global Billionaires whose ranks s

We found someone who brilliantly explains why free-market capitalism is destined to destroy the world, absent a historic paradigm shift: That is Harvard philosopher Michael Sandel.

By Morningstar: With Berkshire Hathaway's (BRK.A)annual meeting--the Woodstock of Capitalism--set for Saturday, May 4,many investors are preparing to flock to Omaha once again to hear pearlsof wisdom both from Berkshire's chairman Warren Buffett and

GMO's Jeremy Grantham has maintained a gloomy slant on the economy. However, he does see reasons to be optimistic. Last week, The Guardian's Leo Hickman conducted a lengthy interview with Grantham.  And during the interview, he talked about how

The bomb exploded in the very center of American capitalism on a weekday afternoon, just steps away from the New York Stock Exchange and the famed statue of George Washington at Federal Hall. Thirty-eight people died and hundreds were injured, severa

Excel, PowerPoint, Word and Outlook have played more than just cameo roles in the dark side of capitalism, the author contends.

What's behind this underperformance in emerging markets stocks? It seems that a number of simultaneous developments has contributed to the sell-off:The post 5 Reasons Behind the Emerging Markets Correction appeared first on PRAGMATIC CAPITALISM.

By Ashraf Eassa:There's something about Apple (AAPL) you should know. There's no denying that Apple is one of the greatest corporate success stories in the history of capitalism. The company not only emerged from near bankruptcy to see great prosperi

WASHINGTON, XXX (Reuters) - George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.

Here are some of the explanations from market participants for oil's violent moves to the downside:The post 4 Reasons for Oil’s Recent Volatility appeared first on PRAGMATIC CAPITALISM.

An excerpt from David Stockman’s new book, “The Great Deformation: The Corruption of Capitalism in America.”

America needs a new war? For the economy to survive? Job market to revive? Capitalism thrive? Maybe. Here’s why:

Yesterday, I posted part one of the transcript from my Saturday Guardian interview with Jeremy Grantham, the environmental philanthropist and the legendary fund manager. Here's part two... Jeremy Grantham on what first led him to engage with environ

3 major dislocations in asset classes have led to a sudden "risk off" environment.The post Risk Flare Ignited appeared first on PRAGMATIC CAPITALISM.

The man who hopes to unseat Angela Merkel as German chancellor in September drew the battle lines of the forthcoming election campaign

The storied New York Stock Exchange in Manhattan's Financial District is a beacon of American capitalism. You've probably seen the facade of the "Big Board" and images of the trading floor on financial television, but there's a lot more to the histor

"The virtues that made us a great nation are beginning to disappear,"the supermarket icon says America is in “disintegration mode,” and unless businesses, government, and the media behave more ethically and more cooperatively, high unempl

T-Mobile Pricing - Cheap Talk Some New Estimates of Japanese Trade Elasticities - Econbrowser Banks Resorting to Old Tricks to Reduce Capital Levels - naked capitalism Thatcherism & productivity - Stumbling and Mumbling Monetary Policy In A Liquidity

If your beliefs about selling are broken, your company will fail, sooner rather than later.Because selling is the soul of capitalism, whether a company makes a profit is entirely dependent upon how the people inside that company visualize selling. In

To an outside observer, thebehavior of the North Korean leadership often appears short-sighted and irrational. There seems to be a tested and easy wayout of their predicament -- the path of Chinese-style economicreforms. While such gradual capitalist

David Stockman's New York Times 'rant' glorifies the gold standard and denigrates government for standing in the way of putting "free markets and genuine wealth creation back into capitalism." In fact, Stockman would return us to an ea

Some ideas for you all to chew on.Or not....The post Merrill Lynch: 10 Trades for Spring appeared first on PRAGMATIC CAPITALISM.

Naked Capitalism Whistleblower Report on Bank of America Foreclosure Reviews by webber3292 Source: naked capitalism

Running a successful business is about more than raking in the most profit. Whole Foods CEO John Mackey and other entrepreneurs explain.Ruthless capitalism isn't the road to building a brand customers love to buy and a company employees love to work

The legalized marijuana business is pushing toward mainstream capitalism.

A new generation of historians is focusing on capitalism and the bosses, bankers and brokers who run the economy.