An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Somewhat related, it's important to follow the trend of CB's to invest in stock markets.
"The survey of 60 central bankers, overseeing a combined $6.7 trillion, found that low bond returns had prompted almost half to take on more risk. Fourteen said they had already invested in equities or would do so within five years. Those conducting the annual poll had never before asked that question."
Capitalism is defined as a social and economic system where capital assets are mainly owned and controlled by private persons, where labor is purchased for money wages, capital gains accrue to private owners, and the price mechanism is utilized to allocate capital goods between uses. The extent to which the price mechanism is used, the degree of competitiveness, and government intervention in markets distinguish exact forms of capitalism. — Macmillan Dictionary of Modern Economics, 3rd Ed., 1986, p. 54.
" Controlled capitalism means using the combined power of government entities and world banks along with integrated market measures to ensure an efficient and robust economy."
I am starting to detest the term 'capitalism' but that aside I'd like to see this thus:
"....the authority of government utilizing it's fiscal agents and regulated markets to ensure an efficient and robust economy..."
4 comments:
IT would be good to see a definition of "capitalism."
Somewhat related, it's important to follow the trend of CB's to invest in stock markets.
"The survey of 60 central bankers, overseeing a combined $6.7 trillion, found that low bond returns had prompted almost half to take on more risk. Fourteen said they had already invested in equities or would do so within five years. Those conducting the annual poll had never before asked that question."
http://www.bloomberg.com/news/2013-04-24/central-banks-load-up-on-equities-as-low-rates-kill-bond-yields.html
Capitalism is defined as a social and economic system where capital assets are mainly owned and controlled by private persons, where labor is purchased for money wages, capital gains accrue to private owners, and the price mechanism is utilized to allocate capital goods between uses. The extent to which the price mechanism is used, the degree of competitiveness, and government intervention in markets distinguish exact forms of capitalism. — Macmillan Dictionary of Modern Economics, 3rd Ed., 1986, p. 54.
From Wikipedia - Capitalism
The Wikipedia article shows how capitalism is broad category. There is even state capitalism.
" Controlled capitalism means using the combined power of government entities and world banks along with integrated market measures to ensure an efficient and robust economy."
I am starting to detest the term 'capitalism' but that aside I'd like to see this thus:
"....the authority of government utilizing it's fiscal agents and regulated markets to ensure an efficient and robust economy..."
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