Joseph Stiglitz On Austerity

“Suicide” is certainly a dramatic term, but the Nobel Prize Winner wouldn’t use it if the circumstances didn’t call for it.

Colbert On Independence

Welcome to America: land of the free, home of those who don’t give a shit about anyone else.

Capitalism’s Image Problem

The Article: Why Capitalism Has An Image Problem by Charles Murray in The Wall Street Journal.

The Text: Mitt Romney’s résumé at Bain should be a slam dunk. He has been a successful capitalist, and capitalism is the best thing that has ever happened to the material condition of the human race. From the dawn of history until the 18th century, every society in the world was impoverished, with only the thinnest film of wealth on top. Then came capitalism and the Industrial Revolution. Everywhere that capitalism subsequently took hold, national wealth began to increase and poverty began to fall. Everywhere that capitalism didn’t take hold, people remained impoverished. Everywhere that capitalism has been rejected since then, poverty has increased.

Capitalism has lifted the world out of poverty because it gives people a chance to get rich by creating value and reaping the rewards. Who better to be president of the greatest of all capitalist nations than a man who got rich by being a brilliant capitalist?

Yet it hasn’t worked out that way for Mr. Romney. “Capitalist” has become an accusation. The creative destruction that is at the heart of a growing economy is now seen as evil. Americans increasingly appear to accept the mind-set that kept the world in poverty for millennia: If you’ve gotten rich, it is because you made someone else poorer.

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The Return Of NAS

Could it get any better? On his new album, Life Is Good, NAS teams up with MJ Blige for a song as poignant as it is fun.

Romney Against Medical Marijuana

So the question remains: could Mittens get any lamer?