Capitalism and Markets – Kruse Kronicle

Calmly Considered: Socialism vs. Capitalism– Getting Beyond the Memes

Aug 12, 2021

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in Calmly Considered Podcast Video, Capitalism and Markets, Economics, Politics, Socialism, Theology

"In this month's episode of "Calmly Considered" Michael Kruse and I discuss the complex realities of socialism and capitalism that are so often distorted by simplistic social media memes, caricatures, and politicians seeking re-election." Thanks to Allan Bevere for hosting another fun discussion. Below the video are three articles related to our discussion you may…

Calmly Considered: Economics, the New Testament, and the 21st Century (in podcast & videocast)

Jul 13, 2021

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mwkruse

in Calmly Considered Podcast Video, Capitalism and Markets, Christian Life, Economics, History, Theology

This is the first installment of a once-monthly series called Calmly Considered, in which Allan Bevere and I will be discussing topics related to faith and economics. In this episode, we discuss Peter Oakes' Empire, Economics, and the New Testament. We barely scratch the surface but hopefully some meaningful dialog.

Socialism Is A Freighted Word According To David Bentley Hart. So Why Is He Defending It?

Apr 29, 2019

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mwkruse

in Capitalism and Markets, Economics, Politics, Public Policy, Socialism

Theologian David Bentley Hart wrote an op-ed Can We Please Relax About 'Socialism'. The byline says, "Only in America is the word freighted with so much perceived menace." As he frames it, socialism is simply about creating a more equitable economy, not about recreating the Soviet Union or Venezuela. This is what people like Sanders…

European (Scandinavian) Capitalism is not Democratic Socialism (But is that what matters?)

Feb 20, 2019

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mwkruse

in Capitalism and Markets, Economics, Politics, Socialism

Mall of Scandinavia. Wikimedia: Arild Vågen I continue to reflect on the hype in the U.S. about "democratic socialism." I think most people who use the term are saying they want a market economy with a greater emphasis on social justice (open to varying definitions) and promoting basic human well-being. When pressed to give an…

Five Hidden Ways That Globalization is Changing

Jan 21, 2019

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mwkruse

in Capitalism and Markets, Globalization, International Affairs, Trends: Economic

Interesting infographic from McKinsey Global Institute. For details read Globalization in transition: The future of trade and value chains.

Democratic Socialism IS Socialism

Jan 8, 2019

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mwkruse

in Capitalism and Markets, Economic Development, Economics, Politics, Socialism

This article, Here's the difference between a 'socialist' and a 'Democratic socialist' has been circulating as an explainer as to why "democratic socialism" is different from socialism. Democratic socialists merely believe the government should provide a range of services – like health care and education. People circulate this article as evidence that people who suggest…

“Is Fair Trade Fair?” – Primer on Free Trade Coffee

Jan 20, 2017

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mwkruse

in Capitalism and Markets, Economic Development, Poverty

What are the economic merits of Free Trade Coffee? In this video, my friend Victor Claar (professor of economics at Henderson State University) gives a 25 minute presentation about the economics of fair trade. It was originally presented at the Macmillan's EconEd Conference last year. The audience is economics teachers, but the presentation is accessible…

The Future of the American Dream

Dec 12, 2016

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mwkruse

in Capitalism and Markets, Economic Development, Generations, History, Trends: Economic, Trends: Social, Wealth and Income

For most Americans today, there has been a presumption that our children's lives will be more prosperous than ours. The American Dream, whatever particularities might include, has always included this assumption. It is virtually a social contract. Is the idea that most of our children will have a more prosperous life than we did really…

Socialism. You Keep Using That Word …

Mar 18, 2016

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mwkruse

in Capitalism and Markets, Current Affairs, Economic Development, Economics, Politics, Socialism, Sociology

Many Americans, especially progressives, are now "socialists." The rise of Bernie Sanders has had much to do with it. Yet, when I hear them talk, I keep hearing Inigo Montoya, "You keep using that word. I do not think it means what you think it means." According to Marxian theory, socialism is a transitional economic…

Half of Global Wealth Owned by 62 People: How Oxfam Lies While Telling the Truth

Jan 21, 2016

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mwkruse

in Capitalism and Markets, Economic Development, Poverty, Trends: Economic, Wealth and Income, Weatlh and Income Distribution

Once again, Oxfam is circulating that 62 people have as much wealth as the bottom half of the world's population. Think about that for a moment. When you read that, what do you think that means? Particularly, what is wealth? Many people will interpret "wealth" as financial assets. Many others realize wealth includes the value…

Category: Capitalism and Markets