Has capitalism failed?

“The dollar is the cornerstone of US power… it is the main weapon used by the US to maintain its power… [But] as soon as the political leadership decided to use the US dollar as a political instrument

Ray Madoff The Second EstateHow the tax code made an Americanaristocracy192pp. Chicago University Press. £19 (US$25). Vanessa S. Williamson The Price of Democracy The revolutionary power of taxation i

“The old world is dying, and the new world struggles to be born: now is the time of monsters.” Antonio Gramsci’s words, written in prison near Bari almost 100 years ago, ring out to us now. The politi

Issue of the week: currency gyrations The “debasement ...

“Perhaps he’ll do an Elvis and have a fatal heart attack on the loo,” a friend muttered this week. Like most investors, she is having trouble getting used to the idea that the US president has become

acton.org The “greatest prophets” of free-market capitalism “saw the trade-off from the beginning”, says Thomas Dias. Adam Smith’s famous pin factory showed the division of labour enables the producti