Bitcoin — Not As Advertised

Sometimes it seems like everything is the exact opposite of what it claims to be. Take capitalism. It claims to be a decentralized Invisible Hand of free competition — ensuring that all economic abuses are reined in by the discipline of competition so that nobody is able to exploit anyone else. In practice, it is… Continue reading Bitcoin — Not As Advertised

Interest: Why Do We Disobey?

Both Islamic and Christian Scriptures strictly forbid anyone charging interest. Why do Muslims obey devoutly, but Christians disobey flagrantly? Spoiler. Westerners were offered a deal they couldn’t refuse. Scrap that particular prohibition on financial exploitation — and we’ll give you riches beyond your wildest dreams. “Ban, what ban? Gimme the goodies!” I’ll start with Christian… Continue reading Interest: Why Do We Disobey?

Moral Protest

My good friend Eric Parsons, challenged me on a poster I put up on Facebook. It read as follows: “The moral crisis of or age has nothing to do with gay marriage or abortion; it’s insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Street’s continued gambling addiction, corporate payoffs to friendly politicians… Continue reading Moral Protest

The Breathtaking Immorality of our Beloved Capitalism

Maybe some readers have seen The Big Short. It’s a movie about the financial crash of 2008 — showing how most weren’t clever enough to see that the financial system was being gamed, and how those who were clever enough got rich. It’s a good movie to show, exposing the barely-legal shenanigans (only legal because… Continue reading The Breathtaking Immorality of our Beloved Capitalism