Monthly Archives: February 2011

“isms”

The “capitalism-vs.-socialism” debate has dominated much politics and geopolitics during the 20th century, in some cases assuming the characteristics of competing “religions.”  What does this debate assume, and what social changes and other developments might someday render it irrelevant?

Posted in Economics, Commerce, and Business, Hidden Assumptions | Leave a comment

The proverbial rising tide — does it lift all boats?

Economists and government leaders have differing views on whether the proverbial “rising tide” (improvements in the economy) “lifts all boats” (benefits all or nearly all people).  Is either viewpoint universally and categorically true?  If not, under what circumstances is the … Continue reading

Posted in Economics, Commerce, and Business, Hidden Assumptions | Leave a comment