Economists and financiers have compared stockmarkets to gambling since 1936, when Keynes warned of “the capital development of a country becom[ing] a by-product of the activities of a casino”. In 1999 Jack Bogle of Vanguard decried the “Wall Street casino” where only croupiers got rich, and in 2023 Warren Buffett wrote that “markets now exhibit far more casino-like behaviour than…when I was young”.
In nearly every city, the same bitter argument repeats itself: riders complain about disorder on trains and buses—open drug use,...
The advantage of having offices around the world is that this also provides us with boots on the ground...
QUESTION: Marty, the word is you have been screaming on Capitol Hill and some are listening to your computer. You...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 closed • Shanghai decreased 49.50 points...
Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of Senate Banking, Housing, and Urban Affairs Committee, speaks during...
Today’s capitalism reflects a tragic reality: artificially oversized corporations; monetary systems designed for credit expansion; recurrent financial bailouts; state-financed armed...
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