Let Your Dollar make Cents
Economy is getting better so why are not we feeling better?
Wall street and Feds are telling us, worst is over, and economy is getting better, so why we are not feeling better? With house foreclosures, bankruptcies and unemployment rate at the highest, who can feel better?.
Irony is, house price have fallen down, but somehow house property tax has increased. Price for milk, rice, corn, soymilk, wheat have increased, so have job lay offs. Feds tells us that economy is better, but do not expect… Continue reading
Moderation in Capitalism – Part II
Catching up with the Jones
In the previous article on ‘Moderation in Capitalism’ we saw that a little moderation in lifestyle is the right way to have a sustained growth and preserve the essence of capitalism.
There is another side to capitalism. What is the reason that the so called “consumers” go wild with spending money on things that add little or no value to them. It is the idea of “catching up with the Jones”. Very rarely we see that we want to catchup with the Jones because they ‘Do Not’ have something, it is always, “Oh! they have this, we need it to”. Continue reading
Moderation in Capitalism – Part I
I defined Capitalism in my previous blog essentially as an economic system run by the private sector. Just like we hear of the circle of life, there is now a circle of ‘Capitalism’. I may say there is more than one circle of capitalism though. Here is how things work today.
- A Company is formed with the intention of creating a revolutionary new Idea. This company either raises money through a venture capital funds or from private investors and starts out. Over some period of time, a new product is created. This new product is then marketed and sold. There may be a “need” in the marked for such a product, and in most cases people will “Want” the product. Continue reading
Capitalism Through Savism
I am starting a series of blogs on the subject of Capitalism. This is the first in that series.
Over the last few years I have heard people comment again and again saying that saving is bad for the economy. It is against Capitalism. So, I decided to venture into finding things out for myself. The path I embarked on has taken me to learn and realize a lot that I did not know. Here I present a few findings which I hope will help people embark on the path of “True Capitalism”. Continue reading