Titillating tales to tickle the board

The Sinocism newsletter is compiled by Bill Bishop, and republished here with permission. Be Informed About China. The Sinocism China Newsletter. Free.

I am frustrated that we have largely allowed those that don’t believe in capitalism to claim their beliefs are capitalist. I believe capitalism is the best system to provide economic gain to human society. When we allow non-capitalist to claim their ideas are capitalist we often lose by allowing bad policies to be adopted and failing to adopt more capitalist ideas.

Listeners chose to believe Psalmanazar's tales of cannibalism and ridiculous clothing because it was

BOUCHERVILLE, Que. – Rona Inc.’s executive chairman says he would present a takeover offer for the hardware chain to shareholders even as questions linger over whether the company is untouchable in the eyes of the Quebec government. “If somebody said they absolutely wanted to buy us, our duty would be to present the offer to the board and then the board would present it to shareholders,” Robert Chevrier told reporters Tuesday after the company’s annual meeting here.

There are only six of them in the country, five of whom work within a half decent five iron shot of each other in downtown Toronto. They wield enormous power individually and even more when they have a communion of interests.

If you had any doubts of the veracity of former IMF chief economist Simon Johnson’s depiction of the financial crisis as a “quiet coup,” a pre-Christmas release of FBI documents should put them to rest. While I linked to a discussion of the results of the Partnership for Civil Justice’s FOIA of FBI materials on Occupy Wall Street, I was remiss in not writing them up earlier.