Why Capitalism Is Failing You and Making Society Vulnerable

Why Capitalism Is Failing You and Making Society Vulnerable

Some say capitalism is failing. Is it? How can we tell? Is there anything we can do about it? Capitalists have reason to champion the system. It’s spurred economic, scientific, and imperial growth the way few other imagined realities have. But what happens in situations when it fails to work? We’ll cover two critiques of capitalism that say that capitalism has failed.

Why Does Money Have Value? Only Because We Trust Each Other

Why Does Money Have Value? Only Because We Trust Each Other

A dollar bill is just a piece of paper. Why is a piece of paper with Alexander Hamilton’s or Benjamin Franklin’s face on it worth more than the paper of books filled with words? In other words, why does money have value? How does money get its value? Money has value because we all believe it’s valuable. We trust other people value it, and trust is the foundation of our economic system. We’ll cover the varying values of ancient currencies, the role of mutual trust, and the difference between inherent and noninherent value in money.

Types of Money: How Beads, Bills, and Data Became Currency

Types of Money: How Beads, Bills, and Data Became Currency

What were the types of money used throughout history? What were the advantages and disadvantages of these types of currency? Ancient types of money included cattle, animal skins, grain, salt, beads, and cloth. These have all been used as types of currency in various cultures and time periods. We’ll cover the major kinds of money throughout history and why a few particular types prevailed.

Capitalism Theory: How It Created a New System of Ethics

Capitalism Theory: How It Created a New System of Ethics

What does capitalism theory say about how the economy should be governed? What kind of ethics has capitalism introduced into society? Capitalism is a system of private ownership based on the ethics of individual wealth. It gets its name from the word “capital”: money and resources that are invested in the production of a product or service. We’ll cover the basics of capitalism theory and look at the new set of ethics capitalism introduced into society.

Wing Chau: The Big Short’s Symbol of Wall Street Greed

Wing Chau: The Big Short’s Symbol of Wall Street Greed

Who is Wing Chau of The Big Short fame? What was his role in the 2008 financial crisis, and why was it controversial? And how did he make an estimated $26 million shuffling papers? Wing Chau is an investment advisor and bond manager whose role as a CDO manager was depicted in The Big Short. Wing Chau wasn’t happy with the way he came across in the book and movie. Learn why his position as a “CDO manager” was, and is, controversial and how he contributed to the 2008 financial crisis.