Introduction
Concordianism is purified Capitalism, 100% Capitalism - as well as purified Socialism. Concordianism shares some of the goals, but none of the means of Socialism. In Concordianism, the Government - rather than the State - democratically decides on the rules of the road, and lets the Market 100% free to operate within those rules.
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Concordianism is the result of the fusion of the thought of Keynes and Hayek. In Concordianism, there is not even a scent of the bloviation of Hegel and Marx. Faithful Marxists have not yet realized that Marx was a sociologist and a philosopher: he was not an economist. Once he conceded that “labor is a
The GameStop Saga and the Incoherent Politics of the Stock Market
Republicans have long encouraged stock ownership in the belief that it will turn Americans conservative, but does the evidence bear that out?
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The recent furor regarding speculation in the stock of GameStop which soared far beyond its fundamental value, due to a technique known as a short squeeze has focused attention on the nature of the stock market and what it means both politically and economically. CNN’s Chris Cillizza sees the bipartisan hostility toward hedge funds so far, the big losers in the GameStop imbroglio as a manifestation of Trumpian populism. But critics of market manipulation, such as Senator Elizabeth Warren, see it as another reason to ramp up government regulation.