Joseph Schumpeter

             

Those who know the least about capitalism rant the most about its negatives and never appreciate its overwhelming positives. To those I would suggest a review of the life and work of Joseph Schumpeter, the Austrian-German- American economist. He died in 1950 and has been since overlooked in academic circles and the media.

                       

His view of “creative destruction,” how the demise of established companies led to a growing economy has been the foundation of the American dream for so many.of its citizens

                       

Personal incomes have doubled every fifty or sixty years in America, when entrepreneurial zeal is permitted to operate. Yet, left-leaning politicians will never guess there is any economic opportunity without government being the instrument of largess.(See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

Marketing With Easy College Courses

                      

Too many schools market themselves by appealing to the baser instincts of students. The idea is to fill the rosters by making it easier to attend. Thus, many graduates are unable to find real, practical jobs. Or why we have so many grads with easy-to-get degrees and few who are doctors and scientists.

                       

Affirmative action is practiced, not just for conventional minorities. It is there for any group that is not equally represented in attendance (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

The College Education Scam

                 

College education has become a scam in many ways. College administrators and politicians should drop promotional hype. Higher college enrollment and government loan programs and subsidies may be good for the college marketers, but they don’t produce the training needed to fill real, paying jobs in industry.

                       

Too many degrees, especially from four-year institutions, offer graduates little skills but only a resume, when they go looking for a job in the real world.(See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

The European Economic Disease

                  

Europeans generally earn about as much for not working as they do on the job; their unemployment insurance is really comfortable welfare.

At the same time, they are accustomed to government

handouts of all kinds, despite government bankruptcy; the laws of economics mean nothing to them or their elected officials.

No wonder Europeans take to the streets whenever belt- tightening is suggested as a solution.

                       

Unfortunately, the majority of U.S. voters are on a similar lemming-like track. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

Mall Medical Offices

                    

Mall medical services can be designed to accommodate everyday, urgent medical problems that may arise, where patients want to immediately know how serious their illness may be. The idea is to avoid overcrowded conditions in hospital emergency facilities. ERs are there for specific purposes, other than routine health evaluations.

                       

Such medical offices can be made adjuncts to other types of retail facilities. Many already have been in operation. They are supervised on staff by licensed nurses, while overseen by licensed physicians. Doctor referrals are made by those nurses.

                       

Different states have varying regulations, depending on pressure groups, who would prefer not to have this form of competition.

Thus, reliable, private choice, and low-cost, health care coverage.(See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

Social Security a Ponzi-Like Scheme?

                  

Everyone has heard of Ponzi schemes. The loose definition describes a scam whereby someone takes funds from an investor and skips town. But there are variations and degrees of scam sophistication.

                       

Generally, a so-called money manager takes funds from investors and after a while decides to use at least some of the funds for himself. He pays off original investors with funds received from new investors.When everyone wants their money back at once, and there isn’t any to give them, the frauds are uncovered.

                       

But many schemes unfortunately escape notoriety. They are never labeled. Take Social Security as the perfect example

                       

It started off as a so-called insurance program, but never was comparable to what you get from a private company. There are no locked-up reserves. Active workers are simply taxed so that they can get future retirement benefits only from taxes placed on other, active. workers. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole tweets.)

Your Costly, Inefficient SEC

                  

In their mad dash in reacting to fraud, instead of preventing the bulk of transgressions, the SEC does lots of monetary damage. They tend to pick the average, uninformed investor’s pocketbook by causing unnecessary expense of legal fine-tooth-combing, printing and mailings.

                       

And requires such action constantly, perhaps to a far greater extent than is necessary to alert an ordinarily informed investor.

                       

Just one example: The expense of having banks, mutual funds and corporations send out useless, expensive, legalese financial literature, that the recipients do not read because they cannot understand the terms the SEC has the senders use.

                       

The only ones who can profit are the lawyers. If a dot or letter t isn’t properly crossed or is missing, the lawyers will sue the senders of that hard-to- read and also comprehend mailings. Again, at the expense of the poor mail recipients wh never benefit from the impractical information anyway. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole tweets.)