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Economy

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The Endless Bailout

Every once in a while there is a confluence of events that conspire to allow the American people a glimpse of the sordid underbelly of our government, finance capitalism, and anti-European-American policies all at once. The bail-out of our banking system, jointly proposed by Treasury Secretary Paulson and Federal Reserve Chairman Bernanke, is just such a confluence.

Failures of our Age: Capitalism and Communism

MOST AMERICANS have grown up under the erroneous assumption that capitalism and communism are polar opposites, because the former system provides for private ownership of property, whereas the latter does not.

Like most effective lies, this misconception is promulgated through the absence of full information, thereby leading to false conclusions.

On its face, capitalism allows for the ownership of private property; but upon closer examination, that ownership is illusory and conditional.