Category Archives: Capitalism

Propagandizing Public Education

Across the U.S., conservative-dominated school boards have sought to manipulate public education curricula by overruling relevant experts in subjects such as history, economics, and science, establishing requirements to teach subjects through a conservative lens, and via outright censorship. In 2010, the Texas Board of Education approved a social studies curriculum that questioned the Founding Fathers’ commitment to secular government and presented conservative political philosophies in a positive light. Astonishingly, the school board cut Thomas Jefferson from a list of figures

What Do Stalin, Mao and Obama Have in Common? Nothing.

Over the past several years, as President Barack Obama has occupied the White House, his detractors have ceaselessly labeled his policies as communist or socialist. Pundits like Glenn Beck often carefully choreographed imagery of the Soviet Union’s hammer and sickle flag, or the Nazi’s swastika when referring to Mr. Obama and his policies. The notion that Democrats support socialism has become a foregone conclusion in conservative communities. As one who formally studied economics and political science at BYU, hearing these

The Food Stamp Surfer

As any viewer of Fox News will tell you, America has become an entitlement nation. This claim is reinforced by example after example of individuals gaming the system or dissected across Fox’s political theater. The right’s fixation on the poor has become so blatant Fox has even come up with a pseudo-correspondent that fuels the misleading perception. Jason Greenslate, or “Food Stamp Surfer”, has been remarkably effective reinforcing the narrative of widespread welfare abuse. In fact, he was even mentioned

The Tyranny of Gross Wealth Inequality

In a 2012 General Conference address, Elder M. Russell Ballard of the Quorum of the Twelve Apostles of the Church of Jesus Christ of Latter-day Saints, expressed concern about “the ever-growing gap between the rich and poor.” Elder Ballard’s concern about gross wealth inequality has been shared by many of his predecessors. Elder Orson Pratt once observed that “an inequality of property is the root and foundation of innumerable evils; it tends to derision, and to keep asunder the social

Stop Subsidizing Walmart: Raise the Minimum Wage

A recent study of Wisconsin’s Medicaid program revealed that Walmart ranked first on state’s list of Medicaid enrollment by employer. In other words, Walmart employees in Wisconsin comprise a plurality of the state’s Medicaid recipients. Altogether, a single Walmart Super Center costs Wisconsin taxpayers about $900,000 per year in poverty subsidies for its employees, such as food stamps, Medicaid, school lunches, and housing assistance because the employees are paid significantly less than what is reasonably required to survive at a

No More Oil Subsidies!

I smile every time a pundit tries to link escalating gas prices to our president.  Not because I am satisfied with the erroneous connection, but out of amused exasperation at the hypocrisy that continually plagues polarizing talking heads.  Gas pricing is a function of market dynamics, meaning that it is driven by supply, demand, and speculation.  Any action by President Obama to influence pricing would be governmental regulation, which opposes conservatives’ fundamental advocacy of smaller government.  The only organizations that can truly impact

Republicans are Closet Socialists

Over the last several debates, GOP contenders use the word socialist to describe their warped view of what the Democratic Party stands for.  They have leveled such attacks on “socialist” president Barack Obama, and have regularly used “socialist” in a derogatory tone against anything Democratic.  Redistribution of wealth is also married to the socialist label, as with any governmental benefit.  Not only do these candidates (and pundits) have little regard for the meaning of the word, they often demonstrate their

Did President Obama Double Our National Debt?

Who is the bigger fool….President Obama for doubling our national debt?…or the individual who believes such a canard?  Like all political claims, the devil is in the details. More has been added to our national debt under President Obama than all the other presidents combined.  Partially true.  However, of the $5.1 trillion added to the National Debt from 2009 to 2012, only $1.5 trillion is due legislation signed by President Obama.  Of that $1.5 trillion, only $500 billion in incremental

Thank Romney for Underscoring Need for “Buffet Rule”

After losing the South Carolina Primary to Newt Gingrich, possibly in part due to his waffling at the pre-Primary debates about releasing his tax returns, Mitt Romney released his tax returns for the past two years, which show that he paid about 14% in federal taxes on income of nearly $43 million. The timing of Romney’s tax return release was impeccable- for Democrats. For months, President Obama and Democrats have been attacking Republicans for wanting to maintain tax breaks and

Atlas Shrugged Response

(Response challenging my views being opposite the lessons of Atlas Shrugged) I don’t see it that way. I am a pretty pure capitalist. I support Milton Friedman’s ideas about school vouchers to maximize privatized education. I never supported Obama’s plan to control CEO pay. In my MBA classes I was one of the few students to oppose CEO pay regulation, as compensation is a market function. I even work for one of the largest corporations in the world which provides

Education – Capitalist Style

Written in response to a challenge for privatized education and protection: Public schools would be replaced by private institutions driven by profit. In order to meet the demands of capitalism, the only admitted students would be those who can pay. Obviously the quality of education would be directly tied to the amount one could pay, as the most expensive schools could afford to recruit and pay the very best teachers. Currently, the average costs for K-12 grade is roughly $8500

Wake Up Middle Class!

With Obama’s plan to let the Bush Tax cuts expire in 2010, there has been an onslaught of media attention concerning his budgetary decisions. Phrases like “socialism”, “re-distribution of wealth”, and “tax hikes” are being associated with President Obama’s fiscal policies to discredit his approach. Obama has been open and direct concerning who his tax policies are targeting. The interesting part of the situation? There has never been such an uproar from the middle class fighting for the benefits of

What’s up (or down) with the gas prices?

Could our two oil executives who are running America actually have some impact on gas prices? Recent polls seem to suggest this idea, with the majority of American believing that the recent uncharacteristic dip in gas prices is the basis for some conspiracy theory. And why not? Gas is down a dollar a gallon in most neighborhoods to the delight of all Republican candidates. However, the reality that gas is impacted by the commodities market is not easily understood. Investors

Economics Paper from 2004

Perhaps one of my passions (and an intragal part of politics and policy making) is economics. This paper was written three months before the 2004 election. (First two paragraphs of the article) Perhaps one of the most partisan debates today is the economics of monetary and fiscal policy. Many administrations in the past have implemented their own beliefs in regards to this subject. In studying various administrations of both parties, I have come to various conclusions: The Federal Reserve and