Category Archives: The Politics of Wealth

How the Rich get and grow Their Wealth (Investment)

Oh Jesus, just buy Russia goddamn it already!!! (Shit Fuck)

It’s time to bring Russia into the U.S. as an equal partner and it will help stabilize the planet for business, politics, and global security. We have seen decades upon decades of fierce and bloody competition between two superpowers but with the Ukraine situation, it’s time for another mindset of thinking. I’m not justifying or excusing the atrocities of war crimes but if we use the TRC of South Africa could help with de-escalation. The reason why the Hamilton Institute is concerned is the massive economic and financial shocks from collaborative sanctions placed on Russia which cause the Government to place internal problems on an external force instead of Grafh, Corruption, reducing red tape, reforms, and firing incompetent officials. It will prolong the conflict instead of reducing it while building up the underground economy particularly cyber and counterfeiting of US currency and products.

Just buying Russia will solve so many problems in the world and the saying about Russia being “nukes, gooks(spies and scientists), and women.” This will bring so many benefits to both countries plus help with the declining population rate with a possible airlift of young men and women to the US so they could either marry each other (Russian Couples) or help raise the majority population declining demographics with will bring the craziness out of the current political debates right now. The Benefits of adding Russia to the US besides nukes, gooks, and women will be discussed later in the article.

Besides the usually offensive and defensive realism between the two former industrial cold war rivals but the serious ratching up by the Russians can ideologically be tied to when the decision to place Stalinism on the same level as Nazism which stunned Russia which received the brunt of the Nazi aggression which saw huge numbers of its population, industrial centers, and cities simply obliterated. Imagine these cities Detroit, New York, San Francisco at the height of WWII (not the hollowed-out skeletons today) moving to the middle of the country to escape the onslaught. This was Operation Barbarossa which brought out ever more casualties to an already war-torn country.

MBIC Moscow

Russia being added to the US economy is an extra 1.71 Trillion dollars added to the U.S. economy. Mergers and Acquisitions between the corporate sector, the net gain for the U.S. Defense Sector by simply absorbing the military assets, and scientific gains by the purchase will foretell benefits thousands of times over and over. Debra Decker at Defense One points out the common interest between the U.S. and Russia. Two areas stand out for consideration. Iran and North Korea are two major global security issues plus the traditional concern of Nuclear issues stemming from the cold war conflict. The one that stand out to me are:

New Areas for Cooperation

Issue: Nuclear attribution. If you think relations are rocky now, consider how things would slide if a nuclear or radiological event occurred, and one country accused the other of purposely or inadvertently losing control of its dangerous materials. The IAEA has established some good forensics practices, but there are few political mechanisms for agreeing on attribution outside the IAEA safeguards process. In the chemical-weapons area, where we have a Chemical Weapons Convention, we have seen the attribution challenges in Syria. We have also seen the diplomatic fallout as a nerve agent poisoning case has continued to plague a small British community, with questions about the formal attribution process.

Approach: The U.S. and Russia can establish a joint study group of scientists and policy experts to explore the political and scientific lessons learned from past inspections for alleged violations under international conventions and safeguards agreements. The group could also review new attribution approaches, such as the French one for chemical attribution, and recommend process steps that go further than existing IAEA guidance.

Issue: New challenges are emerging from the broader uses of outer space to the cybersecurity of nuclear weapons and of facilities, with the Department of Homeland Security revealing new information on Russian cyber intrusions into U.S. critical infrastructure, including nuclear power plants. Disruptive technologies such as additive manufacturing challenge traditional export control mechanisms for controlling proliferation while cryptocurrencies challenge controls over the financing of illicit transfers.

Approach: Establishing joint expert groups of to consider some of these challenging areas would help in moving us toward developing agreed norms of behavior that could help avoid future deadly conflicts. Other countries are already moving forward fast in some areas, such as space issues and anti-satellite weaponry. Discussions including former military officials, experts and diplomats are needed, with NTI being a good example of one taking the lead in the area of weapon cybersecurity.

Decker, Debra. “The US and Russia Have Plenty of Areas for Cooperation. Let’s Get to Work.” Defense One, https://www.defenseone.com/ideas/2018/07/us-and-russia-have-plenty-areas-cooperation-lets-get-work/149996/

Let’s heal the planet, advance humanity, have babies, and start to enjoy our beautiful species instead of destroying each other! This is so much better than what’s going on because it’s so sad and depressing, especially after the Covid lockdowns which stopped at least 2 years of people’s live but for some, it was even more.

https://markets.businessinsider.com/news/stocks/imf-economy-outlook-forecast-global-russia-ukraine-war-projection-commodities-2022-4

https://markets.businessinsider.com/news/stocks/putin-decree-russian-billionaires-tycoons-foreign-stock-listings-ukraine-2022-4

https://www.visualcapitalist.com/shifting-perspectives-the-top-financial-centers-in-the-world/

https://www.defenseone.com/ideas/2018/07/us-and-russia-have-plenty-areas-cooperation-lets-get-work/149996/

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy

Neo Federal Reserve (Mega Capitalism)

I hope everyone is enjoying their new year and I wanted to jump-start this blog because of the major risk and uncertainty that is accelerating in the coming months. The incoming Trump Administration has something that 44 presidents had before them in terms of a record to come off. The President-elect soon-to-be President has no record or background in politics to reference and that has a lot of people terrified.  I see this as a major opportunity to open doors and destroy intellectually wasteful left/right debate in this country’s politics.

The first issue, I come to terms with not playing stupid gotcha left/right politics and creating opportunities for major reforms that are needed in the global economy because of the advancement of globalization, institutional changes to integrate new technological clusters into the economy, and consolidations needed to resolve conflict and risk. This central theme for the next post will be about creating fluid economic institutions to deal with a post gold standard economy.

The real stress is the economy that no one is talking about is the economy is expanding fastest than the present institutions can handle. To handle the major change and bring certainty and fluidity back to the market. Before we continue any further on this post. We have to define the two policies affecting the economy right now:

“Monetary policy involves changing the interest rate and influencing the money supply. Fiscal policy involves the government changing tax rates and levels of government spending to influence aggregate demand in the economy.”

Difference between monetary and fiscal policy | Economics Help

www.economicshelp.org/blog/1850/…/difference-between-monetary-and-fiscalpolicy/

 

We need to acknowledge that we are in a shotgun wedding when it comes to the economy, treaties, and trade pacts. There is no way out of this or around it because the only autonomous nation on the planet is North Korea(they’re leveraged with food by the Chinese). We need to understand and create dialogue to address the structural shortcomings and the measures to resolve them. What I’ll love to inject into the debate is that we do not need so much tension where political showdowns and battles translate into market uncertainty which delays investments, contracts, and implementation of business decisions from the C-Suite.

The first issue I’m going to tackle is reforms of the Central Banks or commonly known as the Bretton Woods system to adapt to the current market of emerging markets, globalization, declining and evolving technological clusters, and upgrades to the current infrastructure. Basel III is the current structure of the global economy in terms of banks and the holdings they are required to have to keep the banks running. This could be the founding of Basel IV where the new changes in the tax code are updated across the world.

I don’t have an economics, finance, or high-level maths degree to work out the equations but the three areas that will explode the economy with a capital-rich environment is these three areas: capital requirements, leverage ratio, and liquidity requirements. The updated tax plan and policies suggested in this blog will help to reverse the declining clusters around the world.

The picture shows the role of the central banks in the country:

I’m proposing a consolidation of the top 8 central banks into a new central bank system with the U.S. and the U.K. The top financial cities(New York and London) are in those countries and the growth is small compares to the rest of the world. It already has the institutions within its borders and people are used to this nation-leading:

8 Central Banks You Need to Know

Taking the top 8 Central Banks and putting them into the U.S. Federal Reserve System and the U.K.’s Bank of England can help to resolve and bring efficiency back to the markets.

  1. US Federal Reserve Bank (USD)
  2. European Central Bank (EUR)
  3. Bank of England (GBP)
  4. Bank of Japan (JPY)
  5. Swiss National Bank (CHF)
  6. Bank of Canada (CAD)
  7. Reserve Bank of Australia (AUD)
  8. Reserve Bank of New Zealand (NZD)

Take the bottom banks and put them into the U.S. Federal Reserve System:


The same is on the bottom and will create Dual Branches of the Federal Reserve system that will reduce the number of central banks policies to contend with and make business decisions easier.

Take the bottom banks and put them into the Bank of England and it will help to reduce the danger of currency fluctuations and harmonize monetary policy around the World. Moving and splitting the Bank of International Settlements into both the U.S. and U.K. will help shake up the mix. I know what everyone is thinking (What about Brexit?)

 

 

 

 

 

 

 

 

 

This first series of reforms will help to create an environment to adapt to the changing world.

https://www.federalreserve.gov/

http://www.bankofengland.co.uk/Pages/home.aspx

http://www.hoover.org/research/reform-federal-reserve

http://money.cnn.com/2016/11/16/news/economy/us-china-trade-war-donald-trump/

http://www.economist.com/news/leaders/21699121-americas-next-president-should-modernise-federal-reserve-system-right-kind-reform

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

NAU UK (Advancing NAFTA and adding the U.K. to strengthen the U.S. Economy)

naftas300_Global_invest-export_light_paths

I’m a CNBC/Bloomberg junkie and I just can’t go a day without seeing news stories about Brexit which I think is another opportunity for the United States. Regional thinking is the central theme of this website and I was thinking this “how consolidation might work for the standard-bearers of the English language”. I’m a critic of NAFTA and the damage it has caused to Mexico’s agriculture, labor, and environmental standards but a reformed tax system can remedy the chaos.

Here is the definition from Investopedia about Brexit:

“The Brexit, an abbreviation of “British exit” that mirrors the term Grexit, refers to the possibility of Britain’s withdrawal from the European Union. A number of British political parties support a referendum on EU membership; the most prominent are the Conservative Party, which has promised a 2017 in/out referendum if it wins the May 2015 General Election”

Read more: Brexit Definition | Investopedia http://www.investopedia.com/terms/b/brexit.asp#ixzz3z2ip78Jf
Follow us: Investopedia on Facebook

With the polls gaining support and the U.K’s business community feels constrained by the E.U. regulations. I agree with their argument that they should focus on America, India, and China than the E.U. which has different institutions that are descended from the Napoleonic Code which will not work in the U.K.’s case. The net gain for Britain joining NAFTA will help American exports with a net gain of 63,182,000 new customers. That adds about (*)1.5 new Californias, about two Texas, and about three New York states. This is excluding immigration from the newly formed trading block which can dominate in this age of urbanization around the world (esp. India and China).

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The common cultural, language, and liberal values on the economy, defense, education, and scientific development will advance R&D in the new alliance. For the capital markets, this new alliance will bring all of the top exchanges into the fold under a single banner. The TMX (Toronto Stock Exchange) and LSE (London Stock Exchange) can help the transiting to the Monster NYSE by giving small companies the experience of going public without the hassle of the Sarbanes–Oxley Act (SOX) which can take up to 5% of the companies’ budget. History and background in the smaller but influential capital markets would help keep new wealth begin created. This is nothing but benefits for all parties involved in the adding of the U.K. into the NAFTA agreement.

16015902-An-UK-and-american-grunge-flag-Stock-Vector-usausa-uk-flag

IAIN MURRAY AND JAMES C. BENNETT have a great idea for a post-E.U. Britain:

“Britons also feel at home south of the Canadian border. Contrary to an oft-repeated myth, links between Britain and the United States are not reducible to the personal relationships between presidents and prime ministers. The U.S. and the U.K. have always been each other’s, primary financial partners. A few simple measures could substantially deepen this relationship, especially once Britain no longer needs to adhere to EU rules.”

“Foremost among these would be to admit a post-EU Britain to the North American Free Trade Agreement. Nafta is not a perfect vehicle, but it has the enormous advantage of already existing, with a nearly 20-year track record behind it. And unlike the EU, Nafta would not seek to impose a single social vision on its members. For example, Nafta has had no effect on Canadian social policy, which is very similar to Britain’s—except for Canada having more revenue to pay for it all.”

Let’s not forget about the four top universities working together

harvard_shield_wreath Yale-University-Logo Cambridge_University_Crest_-_embossed 8696474091_ab991bed8b_b

Harvard, Yale, Cambridge, and Oxford University with all the top universities in the U.S. and U.K. would create an R&D, Educational, and Scientific Giant.

new-york-city-38310-3840x2160 _85798724_1920xxxjasonhawkes-0056

Also, the two centers of global finance are under one umbrella which is New York and London.

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Who knows???? A super merger of English Speaking Nations/Markets may be the new global titan!

http://www.ft.com/cms/s/0/8ba35856-c8d1-11e5-be0b-b7ece4e953a0.html#axzz3z2SIMvhR

http://www.economist.com/blogs/graphicdetail/2016/01/graphics-britain-s-referendum-eu-membership

https://www.rt.com/uk/330853-brexit-support-eu-poll/

http://blogs.telegraph.co.uk/news/danielhannan/100126384/should-britain-join-the-united-states/

http://www.wsj.com/articles/SB10001424052970204791104577110163558996698

https://www.reddit.com/r/vexillology/comments/19sweo/canada_usa_great_britain_australia_and_new/

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

Regional Thinking (Creating a Friendlier Environment for Competitiveness)

usa_statesusmap3

The age of the states is over in the global economy as regional and multilateral agreements are becoming the norm. ASEAN, AIIB, EU, BRIC, and the IBSA-trilateral are becoming more common. The regional consolidation based on the Federal Reserve System would bring great benefits to the U.S. Instead of 50 different systems, a reduction to 12 will help corporations, small businesses, and individuals with their decisions. This will help in developing the mega-region/corridor system (Staple Corridors (Global Cities)) that was posted two articles ago. The ease of business will go up when you have multiple parties that agree to a single agreement.

Now, I’m not saying to get rid of the 50 states but put a layer above them to compete with the coming Indian and Chinese age. I say look at the Chinese province’s system to become more competitive. Each of the provinces has about the same population as about 5 to 6 European countries. The way to make America continue to be a powerhouse in this age is through reforms, innovation, and consolidations. The weight of multiple states and governors behind them makes the business environment in the U.S. very favorable and friendly.

2050_Map_Megaregions2008

This mega-region/corridor can be a model for the development of the U.S. economy. To see the strengths of each region please look here: http://www.america2050.org/megaregions.html.

Instead of States, you’ll begin to look at America’s regional clusters which are the reason for the U.S.A being so strong. Resources, institutions, and funding could be directed to these areas to diversify, improve, or invest in new tech or business clusters.

The Hamilton Institute calls for the Regional Plan Association to be expanded to each one of these districts. Since there are 12 Fed districts then there should be 12 RPA’s devoted to these districts. Please see here: http://www.rpa.org/

This is the first article in a three-article series on Regional Governance.

https://en.wikipedia.org/wiki/Federal_Reserve_System

http://www.federalreserve.gov/otherfrb.htm

http://www.china.org.cn/top10/2013-08/15/content_29728241.htm

https://en.wikipedia.org/wiki/List_of_Chinese_administrative_divisions_by_population

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

The Sinaloa Corporation (Bringing the Narco State into the global economy)

15-07-13-mexico-sinaloa-routes-eldailypostmexican-drug-cartels-map-lg

The Hamilton Institute has taken a real detailed look at its last post and made this post to counter the criticisms of one area that is fueling the insecurity of the United States. Integration and decriminalization will help with the co-association of all elements in System D in the overall economy to help alleviate poverty. The drug war is not working and is causing unneeded harm to the most vulnerable in society. The Hamilton Institute calls for the detailing of specific strengths of each cartel and paying them not to kill, deal, and retrain the members to end the horrific violence that is going on.

2D5FD0FA00000578-3270818-Behind_bars_La_China_left_the_Sinaloa_Cartel_s_most_powerful_fem-a-19_1444806585718

The Hamilton Institute calls for the creation of the Sinaloa Corporation from the elements of the Sinaloa Federation. The 2016 election is showing the changing marijuana climate in the U.S and the research of Columbia University Neuroscientist Carl Hart. The drug war has only produced insecurity, shrinking of the economy, and removal of voting rights for at-risk communities. This further creates a cycle that destroys normal people who would live their life. The Sinaloa Corporation would be marijuana, opioid, energy conglomerate that is publicly traded. Even El Chapo said he wants out of the drug business:

“I give in to the sense of security offered by the calm of Chapo and his men. There is the pervasive feeling that if there were a threat, they would know it. We eat, drink, and talk for hours. He is interested in the movie business and how it works. He’s unimpressed with its financial yield. The P&L high side doesn’t add up to the downside risk for him. He suggests to us that we consider switching our career paths to the oil business. He says he would aspire to the energy sector, but that his funds, being illicit, restrict his investment opportunities. He cites (but asks me not to name in print) a host of corrupt major corporations, both within Mexico and abroad. He notes with delighted disdain several through which his money has been laundered, and who take their own cynical slice of the narco pie.”

Read more: http://www.rollingstone.com/culture/features/el-chapo-speaks-20160109#ixzz3y0UNB5x4
Follow us: @rollingstone on Twitter | RollingStone on Facebook

C201310-Sinaloa-Cartel-Lords-of-the-Drug-Ring

The model is the Prohibition era which you had the same murder, mass shootings, and conflicts in the 1920s with the mob. Many who made their money that way moved away from the illegal activities when they began to integrate with society. The best way to end the illegal activities is to dissolve System D and begin the process of normalization towards some sectors of it. El Mayo of the Sinaloa Federation said it best in 2010:

“The problem of drug trafficking involves millions [of people],” Zambada said. “How do you control that? As for the drug lords, whether they’re locked up, killed or extradited, their replacements are already there lurking.”

http://www.huffingtonpost.com/entry/ismael-el-mayo-zambada-sinaloa_us_56a0becce4b0404eb8f05313

http://www.rollingstone.com/culture/features/el-chapo-speaks-20160109

http://www.newyorker.com/news/news-desk/a-billion-dollar-narco-junior-cuts-a-deal

http://www.dailymail.co.uk/news/article-2650616/Mexican-Kim-Kardashian-lookalike-takes-boss-drug-cartel-hit-squad-uses-personalised-pink-AK47.html

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

The Age of Super Banking (Japanese, European and Russian banking consolidation)

00462-bank-mergers

The planet’s biggest banks are going to get bigger to help in the reduction of poverty. The rise of East Asia, urbanization of Africa, and rising incomes (middle class) in Latin America have caused the Hamilton Institute to call for Western Bank Consolidations. Some ideas that we call for based on market capitalization would be Barclays-Citigroup, Wells Fargo-HSBC, Bank of America-Deutsche Bank, JPMorgan Chase-BNP Paribas, Mizuho Financial Group-Sumitomo Mitsui Financial Group. This will help create new wealth in the capital markets to feverishly compete against massively capitalized Chinese banks, and set a course in prosperity in the financial sector.

This will help in the tax plan that the Hamilton Institute is calling for where U.S. Sectors on the Stock Market can get the resources to increase cap x expenditures and hire the employees to oversee these upgrades. This will help upgrade the U.S. Economic outlook in the short and long run.

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The shirking of the global “unbanked” will help with financial inclusion in the global economy. The creation of such new customers and wealth will spur new advances and help uplift humanity. This will help counter the competition of the naysayers and the gloomier outlook they project.

The World's Unbanked Adults By Region

India, Indonesia and China's Share of Unbanked

http://realitieswatch.com/37-banks-became-4-just-2-decades-one-astonishing-chart/

http://www.investopedia.com/terms/c/capitalexpenditure.asp

http://www.vocativ.com/money/industry/nearly-40-percent-of-people-with-no-bank-account-live-in-3-countries/

https://en.wikipedia.org/wiki/List_of_largest_banks

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

Corporate Inversions are good (Yes I said it)

This is one of the reasons that I decided to found The Hamilton Institute to help resolve these issues in the global economy. This may sound a little weird but corporate inversions are great for not only business but for helping people raise their financial profile. The difference between people on Wall Street and Main Street is Wall Street make money work for them. Main Street just spends its salary without a financially planned way. Instead of making a ruckus about this and getting potential voters inflamed. The politicians should realize that some people invest in these companies. I’m not excusing the stripping and hopscotching which is detrimental to the tax rolls.

The Hamilton Institute proposal for taxes features a special section to deal with inversions, repatriation, and removing the U.S. worldwide taxation system. This will create a situation where the government receives the tax payments to upgrade critical sectors in its economy. The money can be invested in keeping the U.S. competitive in the global economy through education, R&D, and infrastructure. The corporation, investor, and institutional investor will be given the incentive to continue to take risks.

http://www.economist.com/news/leaders/21608751-restricting-companies-moving-abroad-no-substitute-corporate-tax-reform-how-stop

http://www.cnbc.com/2015/11/23/the-associated-press-10-things-to-know-about-corporate-inversions.html

http://www.reuters.com/article/2015/11/24/us-allergan-m-a-pfizer-idUSKBN0TB0UT20151124#PpbQ9q5VqRECS1eH.97

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

Nixon and saving the U.S. Dollar

Nixon_30-0316a

I’m not a fan of some of the policy decisions of President Richard Nixon. There are two areas that I feel will make people reconsider him. His decision to pull the U.S. Dollar off the gold standard made the Dollar free float.  The Nixon Doctrine was another of his position that is seriously debated. These two policy decisions of President Nixon helped to bring the dollar back under the control of the U.S. Government and the U.S. Federal Reserve system. While many criticized his action known as the “Nixon Shock” he defended the U.S. economy. His actions caused the U.S. economy/dollar to rise on his actions. One of the most controversial decisions was the “Nixon doctrine” which states that every nation is responsible for its defense but the U.S. will be used for a nuclear umbrella. Many look at the foreign policy aspect of his doctrine but few look at the reasons why he did it. The U.S. was a major industrial exporter in the world at the time. The policy of President Nixon was to use the military/nuclear might of America against foreign meddling in trade pacts where U.S. jobs were at risk.

This aspect deserves a closer look but people are products of their time. I can’t take today’s standard and applied it to the past so yes there are things I agree with but things I disagree with.

This is a second of a two-part series on the attempted transformation of the U.S. government to better support the economy.

Founding Purpose: We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

Bringing back the War on Poverty (Ending the war on poor people)

lbjpov1

The war on poverty is often debated, praised, and criticized in the United States. I’m going to take a different approach to the war on poverty that is never really talked about. The fundamental restructuring of the U.S. economy by exporting the old industries out of America. Replacing them with new industries in space, telecommunications, computer technologies, and computer languages. This was in the 1960s, the whole war on poverty was to raise the standard of the population(wages, salaries), create new industrial clusters, and exploit old industries in newly freed colonies to help them develop their economies in the struggle against the Soviet Union.

This is a first of a two-part series on the attempted transformation of the U.S. government to better support the economy.

Founding Purpose: We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.