When I speak of the future of capitalism, I mean the future of competitive capitalism—a free enterprise capitalism. In a certain sense, every major society is capitalist. Russia has a great deal of capital, but the capital is under the control of governmental officials who are supposedly acting as the agents of the state. That turns capitalism (state capitalism) into a wholly different system than a system under which capital is controlled by individuals in their private capacity as owners and operators of industry. What I want to speak about tonight is the future of private enterprise—of competitive capitalism.
The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system. Continue reading
BILL CLINTON paved the way for North Korea’s nuclear war-mongering two decades ago and had the power to stop the growing threat from Kim Jong-un’s hermit kingdom, experts have sensationally claimed.
The former US president signed a diplomacy deal with North Korea in October 1994 in the hope he could stem the threat of all-out war and instead bring the isolated nation into the “global community”.
But the pact was quickly betrayed by the warmongering nation who covertly developed nuclear weapons while the US subsidised billions of dollars to prop up the regime, experts claim. Continue reading