Capitalism Without Capital

By | 2017-09-05T07:44:01+00:00 September 5th, 2017|Global Market Update|

Do start-ups need as much capital today? Photo: Jade. Source: Morguefile It doesn’t seem like it anymore. It used to be that a new company or concept needed major financial support. Now, a couple of motivated folks working from a garage can change the world – the way Apple famously did in the ‘70s. Back in the ‘70s, intangible capital was below 30% of the S&P 500’s capital structure. Now it’s over 80%. And it’s not just computer software. Companies as diverse as pharmaceuticals [...]

Free Education!

By | 2017-07-17T12:21:22+00:00 April 17th, 2017|Global Market Update|

Should college be free? Photo: Kelly Martin. Source: Wikipedia There is a move, politically, to make college less expensive. And with tuition and fees at private institutions running $60-70 thousand per year, it’s understandable why people get concerned: most of us don’t have half a million dollars just lying around to pay for our kids’ college. Moreover, tuitions that high make the idea of “working your way through school” seem ridiculous. Twenty hours per week at a work-study job pays for less than 20% [...]