The Wall Street Journal reports this, quote, "A generation ago, conventional wisdom held that as China liberalized, its economy would come to resemble America's. Instead, capitalism in America is starting to look like China. " The journal is referring to what it describes as state capitalism, a hybrid between socialism and capitalism in which the state guides the decisions of normally private enterprises." End quote.We're watching that happen in action in front of our eyes. As news on Friday revealed that m ...

I just made this coffee. Very delicious cup of coffee. Hello, my name is Antonio Castillo and I'm a coffee lover.From the moment that we sip a cup of coffee, we are stepping onto a bridge without realizing it. It is such an invisible bridge that connects us to two amazing people and their untold stories between two worlds. The global south which are developing low-income nations and the global north which are highly developed highincome nations.And between these two worlds, many people come together to shap ...

Now, time for a very big interview this morning. Uh, July usually a little early to focus on New York's mayor race, but not this year. It's become a national spectacle as a controversial Democratic socialist Zan Mandami leads in the polls and the prediction market.Former New York governor, an independent candidate for mayor, Andrew Cuomo, is with us here live this morning at the table here in Times Square. Good morning to you, sir. >> Good to be with you.Um, look, we've had so many business leaders come on ...

Economic & Political Analysis - The political climate surrounding capitalism, particularly concerns about a rigged system, is increasingly important [1] - The Republican and Democratic political classes are perceived as not adequately considering the flow of resources through the lens of interest rates and tax policy [2] - The MAGA movement is viewed as an understandable but counterproductive response to exploitation, while the left's response is also seen as counterproductive for not addressing the actual flow of resources [5][6] Market & Trade Dynamics - The bond market's reaction to potential extreme tariffs from the US administration corrected the situation, leading to an expectation of only 5-10% reciprocal tariffs [9][10][12] - The stock market has largely priced in the belief that extreme tariffs will not be levied, rendering the trade theatrics irrelevant [14][15] - The US president's approach to addressing labor market and trade policy dysfunction is considered unproductive due to the disruption it creates [16][17] Capitalism & Risk - True capitalism requires those with capital to retain the risk, but the current system often shifts risk to others, benefiting the wealthiest individuals [2] - A correction in tax and interest rate policy is needed to address the culture of shifting risk away from individuals to an institutional level [4]

Political Commentary - The victory of Zohran Mamdani in the Democratic mayoral primary in New York highlights the need for strong advocates of capitalism [1] Industry Implication - The article suggests a potential challenge or shift in the political landscape that could impact businesses and economic policies [1]

RT Tyler Winklevoss (@tyler)A lot of people have asked me if I will get involved in the NYC mayor race by supporting a candidate that can defeat Zohran Mamdani. TBH, I’m torn and undecided. Like every other city run by democrats, NYC is a broken kleptocracy. Taxes are astronomical and services are pathetic to nonexistent. Anarchy and socialism are the next logical steps in this story arc. It's what the people of NYC have been asking for for years and it looks like it's what they are about to get. Trying to ...

Group 1 - The article discusses the author's interest in Hagerty (NYSE: HGTY) due to its connection with Markel, which is a significant holding for the author [1] - Markel is compared to Berkshire Hathaway, highlighting its trust-based and fair dealing culture that positively impacts long-term capitalism [1] - The author emphasizes the importance of knowledge compounding and references investment philosophies from notable investors like Warren Buffett and Charlie Munger [1] Group 2 - The author has a beneficial long position in Markel shares, indicating a personal investment interest [2] - The article expresses the author's opinions without any compensation from the companies mentioned, ensuring an independent viewpoint [2]