I came across an interesting little economics video this week.
Economist Walter E. Williams discusses the power of profit.
How the profit motive explains why anything actually gets done in a free market system.
And why non-profit organizations, such as government agencies and public schools, are less efficient than they could be. (more…)
That is the view of one of my favourite investment commentators, Marc Faber.
Of course, Marc Faber is known as “Dr. Doom” so I expect a pessimistic stance from him.
Mr. Faber describes why investor wealth destruction may lie ahead. (more…)
In the United States, and other countries, Occupy Wall Street (and other places) were all the rage last summer. Now that the snow is departing, it will be interesting to see if the Occupy protests return to all the (formerly) public places.
The various Occupy movements primarily target capitalism. Quite ironic when you watch the protesters in their Nike clothing, using multiple Apple products. But expected when you see the financial backing and support of the unions. (more…)
Last week we saw Why Socialism Does Not Work in the real world.
This week, a quick look at capitalism courtesy of Milton Friedman.
Or, as Phil Donahue thinks of it, greed. (more…)
For many on the left of the political spectrum, socialism is a great concept.
So why does it not work in practice?
The usual leftist response is that it has just never been properly implemented.
But could it ever be? (more…)
As discussed in Saskatchewan Economic Success, natural resources are a key driver for the province’s current economic success.
Learning about Saskatchewan’s natural resources is important for many different people and for multiple reasons.
And not just for those living in Saskatchewan. Or only the natural resource sectors. (more…)
My wealth management business is based in Saskatchewan, Canada.
Within Canada, the Saskatchewan economy is doing quite well. The main reason is that Saskatchewan has substantial reserves of natural resources.
But it is more than that. After all Saskatchewan had resources since the dinosaurs liquified.
So why the good times now? (more…)
Michael O’Leary gave an interesting talk at the 2011 European Union (EU) Innovation Conference in Brussels, Belgium.
Michael O’Leary is Chief Executive Officer of Ryanair, a discount airline based in Ireland.
Neither O’Leary nor Ryanair are overly popular with Eurocrats. The talk given by Mr. O’Leary explains why neither are appreciated with the elite of Europe. As well as why Mr. O’Leary is no fan of Brussels.
Some of the key points made include: (more…)
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