capitalism

The question in the title is too general and a bit misleading, because not all of us hate capitalism. For a large part of the people in Bulgaria, however, the market economy is a necessary evil that they come to terms with, that they tolerate, but with gritted teeth. Some hate capitalism because of nostalgia for the good old days, others because they think, …

Different views on the (re)organization of society are promoted with different labels. Probably the most widely used are left and right. They should briefly explain the essence of proposed reforms and policies, and help identify the political opponent. In this text we will read the views of a Bulgarian “right” from the 1930s and early …

In his book "Capitalism, Socialism and Democracy", the economist Joseph Alois Schumpeter (1853-1950) argued that capitalism is an evolutionary and dynamic system. The main impulse that causes evolution and dynamism comes from the supply of new consumer goods, new methods of production or transport, new markets and new organizational forms of enterprises, ...

The following material is a translation of an article published on August 1, 1981 with the original title "What Causes Wealth?" by Roger Ream. The subtitles and formatting are by the translator. The original article can be found on the FEE website. The current translation is published under the Creative Commons Attribution 4.0 license …

Author: Stefan Boyadzhiev “Variety is life, uniformity is death.” Benjamin Constant is one of the most notable and colorful representatives of the generation of classical liberals between Montesquieu and Tocqueville. Unfortunately, to a large extent, he shares the fate of another great French thinker, Frederic Bastiat, and remains poorly recognized by future generations, which …

Author: Yaroslav Romanchuk, original publication from 14.04.2020 The global coronavirus epidemic has significantly accelerated the crisis trends of the modern world. The monetary and fiscal policy measures proposed by international organizations (IMF, World Bank, OECD, UN) and G7 governments after emerging from the global recession of 2008-2009 had a short-term positive effect …

Recently, the prophecies that capitalism is going away have become more and more frequent. One of the most profound researchers of capitalism is Adam Smith. Therefore, it is worth checking to what extent his ideas are accepted and/or rejected by Bulgarians. This is how we will assess whether he, and with him capitalism, are going away from Bulgaria? Adam Smith (1723-1790) is …

Author: Stilgar Naibov The reason consuming art is a good way to learn history is that it provides a better window through which to see how a society thinks than directly studying history. I clearly remember how in 9th or 10th grade we had to write some kind of analysis of Don Quixote …

Original article: Ryan McMaken, mises.org The condemnation of consumerism is ubiquitous in modern media and popular culture. Anyone who has seen “A Charlie Brown Christmas” from 1965 knows about this struggle. Every time we see Charlie Brown opt for the “authentic” Christmas – buying himself a small Christmas tree, which is natural, …

The words in the title are a quote from a parliamentary speech by the Bulgarian Prime Minister from 1926 to 1931, Andrey Lyapchev (1866-1933). They are an expression of the life credo that one should remain true to one's beliefs and not change them according to the requirements of a specific historical situation. It is well known that …