Economic Theory Capitalism

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  • A member of Occupy DC is removed by US Park Police after refusing to leave a circle within McPherson Square February 4, 2011 in Washington, DC.

    New York police and sanitation workers cleared Zuccotti Park, where protesters from the Occupy Wall Street movement have been camped for nearly two months, in the early morning hours of Tuesday.

  • A Euro sign sculpture stands in front of the European Central Bank's (ECB) headquarters.

    European banks are preparing to tap the European Central Bank’s emergency funding scheme for up to twice as much as the ECB supplied in its debut 489 billion euro auction last month, providing further evidence of the sector’s liquidity squeeze. The Financial Times reports.

  • Alan Greenspan

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    Three years ago, when the worst financial and economic crisis since the 1930s gripped the global economy, the Financial Times published a series on “the future of capitalism”. Now, after a feeble recovery in the high-income countries, it has run a series on “capitalism in crisis”. Things seem to be worse, the Financial Times reports.

  • Is Capitalism Broken? Larry Summers Explains

    Larry Summers, Harvard University professor and former Treasury Secretary, wrote in an Op-Ed in the Financial Times that America's current woes call for "smart reinvention not destruction."

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    Anti-Wall Street protesters up and down the West Coast are joining an effort to blockade some of the nation's busiest ports from Anchorage to San Diego.

  • Demonstrators with 'Occupy Wall Street' continue their protest at Zuccotti Park in New York on November 4, 2011.

    New York police and sanitation workers cleared Zuccotti Park, where protesters from the Occupy Wall Street movement have been camped for nearly two months, in the early morning hours of Tuesday.

  • Student demonstrators carry banners as they march against cuts in tuition funding in London on November 9, 2011. Thousands of students headed to London on November 9 to march against cuts to higher education funding, as a huge police operation sought to head off any repeat of violent protests one year ago.  AFP PHOTO / BEN STANSALL (Photo credit should read BEN STANSALL/AFP/Getty Images)

    If we’re not to blame capitalism for the current wave of dissatisfaction, who are we to blame? Selfish prats. They can be found across the political spectrum and in all socio-economic groups. They make poor decisions and screw stuff up for everyone else.

  • A London demonstrator vents anger at bankers while standing near St. Paul's Cathedral. "Occupy" protestors, as they're known in the United States and United Kingdom, concern themselves primarily with what they see as the domination of society by interests within financial institutions and corporations.

    It’s getting colder in London. We had a lingering summer, but that is over. Not such a great time to be on the streets for any longer than you have to. The central heating goes on and the thick duvet is very welcome.

  • Is Solyndra a Scandal?

    Debating whether the Obama administration ignored repeated warnings about the clean energy loan program, with James Pethokoukis, Reuters BreakingViews; Rep. Tim Murphy, (R-PA), and Julian Epstein, Law Media Group CEO.

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    Following the economic and market "bungee jump" out of the 2009 abyss, one economist is warning that we face a "once-in-a-lifetime crisis of capitalism" and "Deficit Attention Disorder."

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    At Wednesday's CNBC-sponsored Delivering Alpha investor conference in New York, a wide swath of experts will converge to talk about how to survive and thrive in such a difficult environment.

  • Nouriel Roubini & Karl Marx

    Karl Marx, meet your 21st century acolyte: Nouriel Roubini.

  • Thomas Hoenig

    Thomas Hoenig just crushed the arguments against breaking up the biggest banks.

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    Toddlers do not have to be programmed by society to believe in property. They understand very well the concept of ownership. "Mine" is one of the favorite words of almost every two-year-old I've ever met.

  • Warren Buffett is interviewed by CNBC's Becky Quick in 2011 in front of a mock-up of the Buffett family grocery store in Omaha where he worked as a child.

    Warren Buffett tells CNBC he thinks the government should reduce its efforts to stimulate the U.S. economy now that the recovery is gradually picking up steam.

  • Imagine that during the time it took to drink a cup of coffee, the price of that cup of coffee doubled. Although extreme, this becomes the reality of hyperinflation, where prices change so rapidly that everyday items rise exponentially and money becomes worthless, virtually overnight or even in the course of a working day. Today, inflation has become a major topic of debate in the United States, and although many are concerned about the effects of a devalued dollar on the economy, history shows

    What were some of the worst inflation situations in history and how did they come to be? Click to find out!