Capitalism

SKOUSEN: Founder of Starbucks Leaves the Democratic Party!

Howard Schultz, the former CEO of Starbucks, is a social democrat who built a worldwide billion-dollar company that was not only profitable but was also socially progressive as it gave stock options, medical insurance, college training and other generous benefits to its employees (who he calls “partners”).

Schultz has been a lifelong Democrat, but recently became so disgusted with the direction of the Democratic Party’s move toward outright socialism that he left the party to make an independent run for the presidency.

He’s also not happy with the current crop of Democratic candidates, who are falling all over each other to see which one can promise more “free” goodies from the government and more killer regulations that could destroy the American way of life.

He asks, “When I hear them espousing free government-paid college, free government-paid health care and a free government job for everyone — on top of a $21 trillion debt — the question is, how are we paying for all this and not bankrupting the country?”

Good question.

But last week, Schultz decided not to run for president, because he felt that an independent candidate would make it easier for Trump to win reelection. And he’s no fan of Trump either.

In his very first podcast, Steve Forbes did a two-part interview with Howard Schultz, who talked at length about his newly released life story, “From the Ground Up: A Journey to Reimagine the Promise of America,” available on Amazon by clicking here. Forbes read the entire book and recommends it, even though he does not agree with all of Schultz’s policy recommendations.

Mark Skousen

Mark Skousen, Ph. D., is a professional economist, investment expert, university professor, and author of more than 25 books. He earned his Ph. D. in monetary economics at George Washington University in 1977. He has taught economics and finance at Columbia Business School, Columbia University, Grantham University, Barnard College, Mercy College, Rollins College, and is a Presidential Fellow at Chapman University. He also has been a consultant to IBM, Hutchinson Technology, and other Fortune 500 companies. Since 1980, Skousen has been editor in chief of Forecasts & Strategies, a popular award-winning investment newsletter. He also is editor of four trading services, Skousen TNT Trader, Skousen Five Star Trader, Skousen Home Run Trader, and Skousen Fast Money Alert. He is a former analyst for the Central Intelligence Agency, a columnist to Forbes magazine (1997-2001), and past president of the Foundation for Economic Education (FEE) in New York. He has written articles for The Wall Street Journal, Liberty, Reason, Human Events, the Daily Caller, Christian Science Monitor, and The Journal of Economic Perspectives. He has appeared on ABC News, CNBC Power Lunch, CNN, Fox News, and C-SPAN Book TV. In 2008-09, he was a regular contributor to Larry Kudlow & Co. on CNBC. His economic bestsellers include “Economics on Trial” (Irwin, 1991), “Puzzles and Paradoxes on Economics” (Edward Elgar, 1997), “The Making of Modern Economics” (M. E. Sharpe, 2001, 2009), “The Big Three in Economics” (M. E. Sharpe, 2007), “EconoPower” (Wiley, 2008), and “Economic Logic” (2000, 2010). In 2009, “The Making of Modern Economics” won the Choice Book Award for Outstanding Academic Title. His financial bestsellers include “The Complete Guide to Financial Privacy” (Simon & Schuster, 1983), “High Finance on a Low Budget” (Bantam, 1981), co-authored with his wife Jo Ann, “Scrooge Investing” (Little Brown, 1995; McGraw Hill, 1999), and “Investing in One Lesson” (Regnery, 2007). In honor of his work in economics, finance, and management, Grantham University renamed its business school “The Mark Skousen School of Business.” Dr. Skousen has lived in eight nations, and has traveled and lectured throughout the United States and 70 countries. He grew up in Portland, Ore. He and his wife, Jo Ann, and five children have lived in Washington, D.C.; Nassau, the Bahamas; London, England; Orlando, Fla.; and New York. For more information about Mark’s services, go to http://www.markskousen.com/