How to get rich in America

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By David Hoffman

In America, and indeed in any capitalist society, financial security and material success are normally the primary objectives (some would say the obsessions) of one’s life.  As a result, there exists a proliferation of “experts” who allegedly possess the formula to achieving these goals:  Proponents of TheLaw of Attraction,Positive Thinking, Praying forProsperity, Self-Hypnosis, Divining the Stock Market, or Investing in RealEstate are more than eager to tell you that riches beyond your wildest dreams await if you just follow a few “simple” steps.

Of course, it should be no surprise that the principal way many of these proponents make their money is by selling products and/or services telling you how to make your money.  You just need to buy their DVDs or Computer Apps, subscribe to their newsletters, or attend their seminars.

Recently, however, the owners of

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Beating Wall Street at their Own Game

Capital Idea ! I often wondered if a few million of us would form a People’s Corporation and pool our paychecks into our own credit union and them put our savings in an offshore account deferring taxes until we repatriate them , that maybe we can beat the IRS just like Mobil-Exxon or McDonnell Douglas.

The Most Revolutionary Act

The People’s Hedge Fund

Robin Hood Minor Asset Management Cooperative (http://www.robinhoodcoop.org/), the first cooperatively owned hedge fund, is another novel method of funding political activism. Unlike Enric Duran’s act of “financial civil disobedience” (see Spain’s Modern Day Robin Hood), it’s totally legal.

Founded in Finland in 2012, the main purpose of the Robin Hood Co-op is to use experimental investment technologies to expand the commons and public domain, while offering ordinary people access to income outside of paid work. Among its founding members are several former economics professors from Aalto University (who were fired for starting the Robin Hood Co-op). The co-op presently has over 350 members from 15 different countries and is valued at roughly half a million euros.

Like a hedge fund, the fund’s growth is based on the principle of producing new financial assets by hedging existing ones. Fund managers employ a data mining…

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