Enjoy capitalism’s blessings
In a world in which it has become fashionable to blame markets and call for the government to fix problems, we should not let such empty rhetoric pass.
In a world in which it has become fashionable to blame markets and call for the government to fix problems, we should not let such empty rhetoric pass.
Perhaps investment strategists are a more optimistic bunch than your average columnist or economist.
Volkswagen’s share price crash shows that markets are working.
What superficially looks like a Volkswagen affair, is actually a more systematic problem of German industrial policy.
Speech to the PortfolioConstruction Forum Symposium in Auckland on why capitalism, though bruised, remains the champion.
Despite having some of the world’s greatest companies, Europeans still wonder what these have ever done for them.
Capital markets are not loquacious storytellers.
After World War II, Europe became a continent of great expectations and little ambitions.
The Occupy Wall Street movement has polarised public opinion: Either you regard the protestors as the new political avant-garde or as just plain silly.
If capitalists realise that there is more to doing business than just making money, if they learn the lessons of monkey capitalism, then the market economy, this fantastic engine of creating wealth and prosperity, will survive.
© Dr Oliver Hartwich