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Survival of the Biggest

Survival of the Biggest Small Business Slaughter Triumph of Bigness Zombie Companies Small Business Startups Are Increasing Final Thoughts and Valuations The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process… At the heart of capitalism is creative destruction. …Situations emerge in the process of creative destruction […]

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“Creative Destruction” or Just “Destruction?”

“Creative Destruction” or Just “Destruction?” Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.” This is the transcript of my podcast last Sunday, THE WOLF STREET REPORT. We’ve got the weirdest economy ever. A disputed number of people lost their jobs early on in the Pandemic, with figures ranging from […]

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The Apex Predator That Will Take Down Wall Street (And K Street)

The Apex Predator That Will Take Down Wall Street (And K Street) Grant Williams grabbed our vote for the top Alt-Finance presentation of 2017 for A World of Pure Imagination , which highlighted global stock, bond and real estate bubbles that are now showing signs of imploding. The co-founder of RealVision TV excelled again during […]

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Ecocide as Creative Destruction

Ecocide as Creative Destruction According to the WWF (World Wildlife Fund), since 1970 60% of the mammals, birds, fish and reptiles on the planet have been driven to extinction. To the extent that the WWF has it right, climate change accounts for less than 10% of these losses (graph below). As important and logistically complex […]

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All Bad at 0%

All Bad at 0% We call on central banks to abolish their zero interest rate policy (ZIRP) framework before more harm is done. In our assessment, ZIRP is bad for all stakeholders and may even lead to war. ZIRP: Bad for Business? At first blush, it may appear great for business to have access to […]

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Does “Creative Destruction” Include the State?

Does “Creative Destruction” Include the State? When do we get to exercise democracy and fire every factotum, apparatchik, toady and lackey in the state who has abused his/her authority? Everyone lauds “creative destruction” when it shreds monopolies and disrupts private enterprise “business as usual.” If thousands lose their middle-class livelihoods– hey, that’s the price of progress. […]

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How Venture Capitalists Came to Rule the World

How Venture Capitalists Came to Rule the World Jobless Growth and the Lottery Economy Before the gale-force hurricane of Reaganomics swept through the United States in the 1980s, America very briefly entertained the adoption of a deliberate industrial policy. As in South Korea and certain European nations, the U.S. government would pick economic winners and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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