There’s an old observation often made about families and money. The first generation slaves and stresses to make a fortune, but neglects their children in the process. The second generation learns enough from their elders to keep the business going, but resolves never to treat their children like that. Thus the third generation grows up…
Tag: economics
Social Commentary
The Third Myth of Modern Capitalism Falls
by renaissanceadmin • • 0 Comments
There are a few basic myths that the winners in Capitalism have fostered as tools to keep the rest of us merrily toiling away in the coal mines while they trot off with the profits. The first two have been under a lot of pressure lately, and hopefully a more educated population will soon toss…
Politics
A Scam Within a Scam
by renaissanceadmin • • 0 Comments
I’m sorry to tell all my American friends who are busy congratulating themselves on getting hold of Trump’s tax records, from which you conclude gleefully that he’s a terrible businessman, but you’re celebrating a little too early. Trump is a Business Loser? In case you forgot, what you’re basing this analysis on is his tax…
Social Commentary
A Hurricane of Gas Prices
by renaissanceadmin • • 0 Comments
Let’s take a moment to talk about gasoline prices. Everyone knows why. Hurricane Harry slammed the Gulf Coast, the refineries had to reduce production, and that means, of course, the price of gas went up. Of course it does. And of course it went up immediately. I was in Prince George a while ago. Gas…
Social Commentary
Trickle-Up Economics Part 2
by renaissanceadmin • • 0 Comments
I haven’t had much time for TV lately, but it only took a couple of hours last night to find two programs that meshed beautifully to make the same point from two different directions. The first one was about the effects of trickle-down economics in Britiain. “The Super-Rich and Us” on the Knowledge Network. …