@kulawschool prof of Alternative Dispute Resolution (int’l and US arbitration, mediation, settlement negotiation), Contracts, Commercial Law & Bankruptcy.
Lawrence, Kansas
Joined June 2013
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Stephen Ware retweeted
Capitalism involves far more cooperation than competition—think of the number of mutually beneficial transactions you’ve had today compared to the number of competitions you’ve been in today.
Stephen Ware retweeted
Capitalism is the system where businesses are made to compete with each other for the ability to cooperatively transact with you.
Stephen Ware retweeted
This shouldn't be unexpected in a well-functioning world, but it seems noteworthy that not only were the mid-term elections held, but they were administered without major incident, and the lopsided results are apparently not being questioned by those on the losing side of it.
Stephen Ware retweeted
After Seeing Election Results, Trump Announces Retaliatory Tariffs On America buff.ly/4wppxgt
Stephen Ware retweeted
Schmitt: Do you believe that a 7 nation army couldn’t hold you back?
Jack Smith : That is Jack White
Stephen Ware retweeted
40 years of globalization:
Stephen Ware retweeted
When The West Wing first aired in my 20s, I couldn't get past the smug-yet-shallow liberal policy lectures.
Now, finally rewatching in 2026, I don't even mind that. It’s just refreshing to see (even a fictional) White House actually care about policy and behave like adults.
Stephen Ware retweeted
There’s no conflict between the view that entrepreneurs are entitled to their wealth and that babies should have food—in fact, societies that enable entrepreneurs to get rich via positive-sum market activity have well-fed populations.
Stephen Ware retweeted
FOX: You say you're a capitalist, what do you mean?
El-Sayed: Capitalism is the process by which we enable supply and demand to allocate capital so that it's the most productive in an economy. We are not in a situation where we have capitalism, we have corporatism.
Stephen Ware retweeted
Milton Friedman: “A major source of objection to a free economy is precisely that it…gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.”
It’s actually criminal how many of these are gone. Amazon and private equity killed so much of American life.
Readers added context they thought people might want to know
This video is AI generated. The Sears logo shown was intreoduced in 2004, not 1996. In 1996, Sears was spelled in all caps. The date overlay misspells the month DEC as DIC.
logos.fandom.com/wiki/Sears
Stephen Ware retweeted
It would have been easy for NHJ not to write that desperately sad article about New York City public schools and her decision to send her daughter to a troubled one. I respect her for writing it and for writing it honestly and in a way that wasn’t an exercise in self-flattery.
Stephen Ware retweeted
A lot of people are jeering at Nikole Hannah-Jones, but it takes guts to (very) publicly admit you messed up. My personal views aside, I don't want to live in a world where people are shamed for admitting they were wrong.
Stephen Ware retweeted
Trump running on lower gas prices and no more foreign wars and then starting a war with Iran that literallly everyone except Pete Hegseth knew was going to be a quagmire has to be on the shortlist for dumbest political blunders in American history.
Stephen Ware retweeted
Donald Trump is one of the most anti-American presidents we’ve ever had. He genuinely despises and resents the First Amendment and the fundamental principles of this country.
Stephen Ware retweeted
People keep saying Trump term II is the most corrupt administration ever, so I built a model to find out if it was true.
I took the UN's definition of corruption, turned it into eight criteria and 100 points, and scored the leaders history remembers for looting their countries: Marcos, Suharto, Mobutu, Abacha, Obiang, Putin.
Then I put every president since Eisenhower on the same scale, both parties, with every exoneration counted right alongside the convictions.
Nixon scored 41 and no other American President scored over a 25.
Trump's second term scored a 91, which ties him with Suharto and Mobutu and puts him above Marcos and Abacha.
So he is not only the most corrupt president in American history. At this pace he finishes his term level with the most corrupt rulers of the last hundred years.
PSA: don't come in my comments arguing about the results if you haven't read the full article, because ignorance is a choice.
Full article is up now on my Substack (link in bio) and it's free.
Stephen Ware retweeted
Your regular reminder: If the Russians stop fighting, the war ends. If the Ukrainians stop fighting, their land will be occupied, their leaders will be killed, their history and language will be erased, their children will be kidnapped to serve Russia.
Stephen Ware retweeted
If we used the same formula that Singapore does to pay its ministers, then the President would make $45 million a year and cabinet secretaries would make $22.5 million a year.
Contrarian take: We drastically underpay our senior government leaders and we get what we pay for.
Singapore's Prime Minister will earn S$3.6M a year from October 15th. That's about $2.84M, equal to a 64% raise.
Before someone feels outraged by that, let me remind that this was Lee Kuan Yew's recipe to avoid corruption. The logic was simple. If you pay ministers at market rate, nobody needs to buy them.
Personally, I've never understood why, to be an accountant reviewing and filing accounts with the State, you need a degree, exams passed, continuous education etc. To run the State itself: nothing.
Doesn't make too much sense, no?
Not to sound like a broken record, but Singapore's model is extremely reasonable: 35% of ministerial pay is variable. The National Bonus, as it's called, is set by four indicators: real median income growth, real income growth of the bottom 20%, unemployment, and real GDP growth.
So their pay is tied to how the country actually performs. Not to how well they campaign.
