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In a frontier society, when a man moved farther west as soon as he could hear the bark of his neighbor's dog, there was some validity to the view "let every man paddle his own canoe." But today, in our vast interdependent society, the waters are too crowded to make unadulterated "rugged individualism" tolerable. The emphasis is increasingly on ...
Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise. For it must be so: in a wholly capitalistic order of society, an individual capitalistic ...
In America’s first 200 odd years of economic history, right up until the 1970s, America ran a significant budget deficit only in major wars or depressions.
Buffett remains a big proponent of capitalism and believes the market system still works — but says it needs to accommodate more folks and broaden the distribution of wealth.
Now the remarkable fact is not how much the government does to control economic activity-tariff legislation, pure-food laws, utility and railroad regulations, minimum-wage regulations, fair-labor-practive acts, social security, price ceilings and floors, public works, national defense, national and local taxation, police protection and judicial redress, zoning ordinances, municipal water or ...
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Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise. For it must be so: in a wholly capitalistic order of society, an individual capitalistic ...
For premium support please call: 800-290-4726 more ways to reach us