Friendship, Markets, and Reciprocal Gifts

In his 2009 encyclical, Caritas in Veritate, Pope Benedict XVI highlighted the inadequacy of a social imaginary that includes only the market and the state: The exclusively binary model of market-plus-State is corrosive of society, while economic forms based on solidarity, which find their natural home in civil society without being restricted to it, build up society. Continue Reading...

Elizabeth Holmes is the con artist we were all waiting for

Elizabeth Holmes has been found guilty on four of 11 federal charges of wire fraud and conspiracy, after promising revolutionary blood test technology from her corporation, Theranos. The promised disruption was something people desperately wanted and still want: cheap, quick blood tests, requiring only a finger drop of blood. Continue Reading...

How “real” is a customized reality?

In a market economy, competition plays a crucial role. The capacity of both producers and consumers to outbid one another in selling and securing products allows for the optimal allocation of resources according to relative demand and supply. Continue Reading...
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