Category Archive: Property RIghts

Aug
31

An American IPO

General Motors was once a publicly traded company. Over time, they ran themselves into the ground with a series of poor economic decisions. Now, after being bailed out by taxpayers they are considering a new IPO to once again return to private hands. The US Federal government was once a fiscally strong country. Over time, …

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Permanent link to this article: http://new.wkubbtcenter.com/2010/08/31/an-american-ipo/

Jun
21

Soccer, Capitalism, and Rules of the Game

During last Friday’s World Cup match between the US and Slovakia, the US scored a go ahead goal only to have the referee intervene to wave it off. Was it offsides? A penalty? If so, on whom? No one knows. The referee didn’t say. In the US we are used to having referees/ umpires apply …

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Permanent link to this article: http://new.wkubbtcenter.com/2010/06/21/soccer-capitalism-and-rules-of-the-game/

Apr
28

Capitalism: You be the judge

One of the tenants of capitalism is that property rights need to be well defined and enforced. Each individual, for instance, must have a property right over their own labor. If people can forcibly be made to work for someone else or at a wage rate they don’t agree to, then that isn’t capitalism, it …

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Permanent link to this article: http://new.wkubbtcenter.com/2010/04/28/capitalism-you-be-the-judge/

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