Archive for the ‘Trade’ Category
Michael Crittenden and Barry Eichengreen had a fascinating debate over the future of the US dollar in last week’s edition of the Wall Street Journal. Crittenden avers that the dollar, despite talk to the contrary, will remain the global reserve currency because nothing presents itself as a legitimate alternative to the dollar at this point. However, the US will experience diminishing returns for the status of the dollar. On the contrary, Eichengreen posits that the US dollar will lose its global reserve status due to long-term deficits and competition from China’s renminbi and the Euro. Read the rest of this entry »
The Middle East, from the Persian Gulf to the Maghreb, is currently in the throes of revolution. Western journalists, in my opinion, suffering from myopia, are celebrating these revolutions as “the next 1989,” a series of revolutions that overthrew the political order in an entire region—the Eastern Bloc—and created a new world order in its place. Let us examine this claim, with an eye toward institutions. Read the rest of this entry »
As usual, John Tamny writes an excellent analysis of the Chinese yuan issue. A must-read this weekend.
I have revised the About page, to more fully explain what Capitolism is, er, about. I have elucidated upon the goals of Capitolism and the issues in view. As I mentioned in a previous post, I am in the process of drafting a strategic plan for Capitolism in 2010, and will share that on the blog when I complete the plan.
Capitolism addresses, explores and focuses on issues concerning business, trade, leadership, management, economics and small business. Issues at the intersection of these topics will attract Capitolism’s particular interest. In probing these matters, Capitolism will rely on lessons from philosophy, history, literature, current events, great speeches, newspapers, magazines, sports, academia, science, theology, military history, poetry and the authors’ own experiences, as appropriate. The aims of Capitolism are threefold:
1. To explore challenging and even subterranean issues pertaining to business, economics and leadership
2. To offer a hopefully interesting and unique perspective on these issues to readers
3. To create a venue for wide-ranging, thoughtful, penetrating discussion on these issues
You, the reader, will judge how well or poorly Capitolism achieves these aims. We encourage your comments, whether you agree, disagree or violently disagree with our writings.
Apparently, I am not the only one who sees more than high-minded safety and quality concerns at the heart of the brouhaha surrounding Toyota.
As a Toyota owner and admirer, the recent quality issue has disappointed me, as it has millions others. And, more than disappointing, it has endangered lives. Just a couple comments.
First, how like a Greek tragedy that Toyota suffers this stumble almost at the exact moment it had become the largest and most-respected car company in the world? But, this fall from the peaks of grace seems to happen again and again and again.
Second, I see the long arm of the unions on Secretary LaHood’s tough stance on this issue. The unions have not received as much attention or prominence as they expected from this Administration. If we could peer behind the curtain, I bet we would find the unions hammering on the Administration to come down hard on Toyota.
A few years ago, I read Adventure Capitalist by Jim Rogers. That book so intrigued me that I wanted to read his first book, Investment Biker, about his 1990 to 1992 travel across the globe. Other books intervened, and I only just finished reading this book. Even though it relates events from two decades ago, I found it enlightening, punchy and fascinating. Read the rest of this entry »