In market competition, the losers are not eaten by the winners, as is the case in biological competition. When business firms die, they are replaced by more efficient firms, and the investors, owners, managers, and employees are released to join more efficient firms.
Greetings and welcome to Kevin’s Korner. I got all the time that I need to kill. What’s the time? It’s time to get ill. RIP, M.C.A. A friend sent me a link to a story about lighting striking a man in the worst place possible … Youch … It’s a fitting metaphor for what is [...]
By Richard (RJ) Eskow
Here’s a walk down memory lane that’s worth taking, even if it makes your blood pressure spike a little: Three years ago Tim Geithner was in the position of having to explain why the Federal government wasn’t going to nationalize…