Results for "Capital markets"

The Man Who Saved Capitalism: Milton Friedman, who would have turned 100 on Tuesday, helped to make free markets popular again in the 20th century. His ideas are even more important today.

It’s a tragedy that Milton Friedman—born 100 years ago on July 31—did not live long enough to combat the big-government ideas that have formed the core of Obamanomics. It’s perhaps more tragic that our current president, who attended the University of Chicago where Friedman taught for decades, never fell under the influence of the world’s greatest champion of the free market. Imagine how much better things would have turned out, for Mr. Obama and the country.

Stakeholder Capitalism’s Sleight of Hand

Stakeholder Capitalism’s Sleight of Hand

The Trojan horse of social engineers has crossed the gates. At the latest World Economic Forum in Switzerland, the Davos Manifesto 2020 replaced the original from 1973. The new one lays down a company’s duties towards “stakeholders” rather than shareholders. This...

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Transformers: More than Meets the Eye

The path to net zero, based on the much disputed belief that carbon dioxide is a pollution, is more steep and impractical than most people realize. Replacing fossil fuels with clean electricity will require much more power generation and a greatly upgraded grid to...

Do Not Let The ‘Cure’ Destroy Capitalism

As governments continue to determine how many restrictions to place on markets, especially financial markets, the destruction of wealth from the recession should be placed in the context of the enormous creation of wealth and improved well-being during the past three decades. Financial and other reforms must not risk destroying the source of these gains in prosperity.

Getting Results from Markets

One of my favorite movie quotes is Hayley Mills’s line in Pollyanna, “When you look for the bad in mankind, expecting to find it, you surely will.” And that’s what Mr. Stracher and many others do. While you’re busy looking for the bad, you miss so much of the good.