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'Make Sure That The Cathedral Is Not Overtaken By The Casino' Warns Warren Buffett As He Highlights The Duality Of US Capitalism
Monday, May 5, 2025 - 5:02am | 725Read More...Legendary Investor Warren Buffett used a cathedral and casino metaphor to illustrate the dual aspects of U.S. capitalism. He underscored the dangers of prioritizing quick profits from speculative trading over long-term value creation. What Happened: Warren Buffett, the chairman of Berkshire...
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Trump Defends Tariffs, Lists 'Non-Tariff Cheating' Tactics Like Currency Manipulation And IP Theft — Calls Himself The 'Greatest Friend' Of American Capitalism
Monday, April 21, 2025 - 3:38am | 570Read More...In a recent post on Truth Social, President Donald Trump defended his stance on tariffs and outlined a list of 8 non-tariff practices that countries resort to. What Happened: Trump, in a Truth Social post on Sunday, outlined a series of practices he labels as “non-tariff cheating.” This...
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Jeff Bezos Is Genius Who Helped Benefit Himself And The World With Amazon, VC Says: 'The Beneficiary Is The Consumer'
Thursday, March 13, 2025 - 6:15pm | 535Read More...Venture capitalist Tim Draper has invested in companies such as Hotmail, Skype, Tesla and SpaceX over the years. While he's never invested in Amazon.com Inc (NASDAQ:AMZN), he couldn't help but praise founder Jeff Bezos for changing the world. Capitalism for Good: Draper is best known for his focus...
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Bernie Sanders Says US Should Confiscate 100% Of Any Money Americans Make Above $999M: 'They Can Survive Just Fine'
Tuesday, May 2, 2023 - 5:09am | 425Read More...Sen. Bernie Sanders (I-Vt.) reportedly said the U.S. government should confiscate 100% of any money that Americans make above $999 million. "You may disagree with me but, fine, I think people can make it on $999m. I think that they can survive just fine," Sanders told the host of “...
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4 Of The Biggest Differences Between Capitalism And Communism
Thursday, May 12, 2022 - 2:46pm | 267Read More...Most Americans are aware that Cuba has a communist government. However, the economic distinctions between the U.S. capitalist structure and Cuba’s communist structure may not be so clear. Here’s a look at four ways capitalism and communism are different. 1. Factors Of Production Factors...
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Billionaire Investor Leon Cooperman's Coronavirus Recovery Predictions
Sunday, April 26, 2020 - 6:12pm | 259Read More...Capitalism as we know it will "likely change forever" in a post-coronavirus world, billionaire investor Leon Cooperman said on CNBC's "Squawk Box" segment Thursday. Cooperman Expects Slow Recovery Cooperman offered a handful of predictions on how the world will change...
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CNBC's Brian Sullivan Calls Stumpf's Parachute Payment 'Another Black Eye' For Wells Fargo
Thursday, October 13, 2016 - 2:57pm | 364Read More...CNBC's Brian Sullivan blasted Wells Fargo & Co (NYSE: WFC) and its exiting CEO John Stumpf, who is leaving the scandal-plagued bank with a huge payout. According to Sullivan, Stumpf's "$100+ million, headline-grabbing payout" is not only "another black eye" for the stock market, but its a...
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What Is Bitcoin? Just Ask Robocoin CEO Jordan Kelley
Tuesday, October 28, 2014 - 2:53pm | 1055Read More...Earlier this year, Robocoin was the first company to install Bitcoin ATMs in the United States. Originally, customers could trade Bitcoin for cash and vice versa at the ATMs by using a virtual wallet on their smartphones. Robocoin recently came out with the Robocoin Wallet, a banking and...
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Currency Wars, Trade and the Consuming Crisis of Capitalism
Tuesday, September 6, 2011 - 9:56am | 3591Read More...To understand why the euro is failing and the Swiss Franc peg is a sand castle that will dissolve in a rising tide, we must start with a historical context and the crisis of global Capitalism. The recent 40th anniversary of President Nixon withdrawing the U.S. from the gold standard triggered an...
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Marx, Labor's Dwindling Share of the Economy and the Crisis of Advanced Capitalism
Wednesday, August 31, 2011 - 11:03am | 2434Read More...All attempts to reform the Status Quo of advanced finance-based Capitalism will fail, as its historically inevitable crisis is finally at hand. It is self-evident that conventional economics has failed, completely, utterly and totally. The two competing cargo cults of tax cuts/trickle-down and...
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Young Americans: Luckiest Generation in History
Sunday, August 14, 2011 - 11:37pm | 945Read More...To demonstrate how free market capitalism generates increased prosperity over time for average (or even low-income) Americans, economist W. Michael Cox of the Dallas Federal Reserve has compared the purchases at different points in time from the income earned by a high school graduate or entering...
