Capitalism is the Exercise of the Power of Excess


This morning (June 20, 2016), my 12-year-old daughter asked me “what is Capitalism?”

Since the Cold War is over, this is actually a harder question to answer than one may think.

So if you, dear reader, do not mind, I shall use this space to educate her on a subject that is vague and abstract even for educated adults. Of course, all I can do is give one point of view, and I don’t doubt or deny that there are many others easily more illuminating for a pre-teen than my own.

Anyway, here goes… so listen up, Aoife (that’s her name).

To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.

Related Articles

Nov 2017

A Brave New World for the Talented is at Hand

We are living in the age of ideas, and the age of possibilities.

Jul 2017

Low Unemployment in Penang for Now

The recruitment market is expected to grow moderately in the second half of 2017.

Jul 2016

Memories of a Reserve Currency Collapse

Will what happened in Penang in 1967 happen on a global scale soon?