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Convenient capitalism deviates from ideals

Academic circles and news media are abuzz with the latest French critique of capitalism by Thomas Picketty. In his historically-informed tome (685 pages), Picketty illustrates how capitalism over the last three centuries retains its tendency to concentrate wealth in the hands of the few, so that overall inequality increases (except for three decades in 20th… Continue Reading Convenient capitalism deviates from ideals

As tax time comes around, and as the president keeps bringing up minimum wage, let’s consider our attitudes toward income, wealth and inequality. One of the basic tenets of the capitalist marketplace (Adam Smith) was that a moral code binds the community within which markets operate. Our moral sentiments provide the framework for fairness and… Continue Reading Looking for the right standard to implement wage fairness

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From the Austrian School of Economics to its Chicago School descendant, it has been an article of faith that if left to its own devices, the marketplace will perform more efficiently than if the government had anything to do with it. The rule of law, of course, should be upheld, and deviant behavior — cheating,… Continue Reading Colorado Springs – a city in search of leadership

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Labor, anyone? I grew up in Haifa, the Red City of Israel, where there were annual May Day parades with red flags and street dancing, speeches and a day off for all. I loved this carnival, though my parents hated unions and all they represented, especially their political power that could, at the drop of… Continue Reading Detroit’s lessons might affect answers on retirement

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New concepts change face of higher ed

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Years ago the University of Phoenix spooked higher education. What does it mean to have a for-profit university (a subsidiary of Apollo Group)? Despite drastic enrollment declines recently, it boasted some 600,000 students in 2010 (founded in 1976). Will this new model change the face of higher education? The answer is a definite yes. Labor… Continue Reading New concepts change face of higher ed

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Now that those who are punctual have paid their taxes in an annual ritual of disbelief and disgust — I still owe money? Where does it go? — perhaps it’s time to plan for next year. As Nathaniel Popper reported in The New York Times on April 21, corporate America not only is planning, but… Continue Reading Is the time right for tax reform, or is it already too late?

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