A video version of the earlier post, “$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..” is available on YouTube:
Video Post – the $47 Trillion Rip Off
Capitalism
The Gig Economy in the Academy – a note
The values of capitalism, especially as expressed through free market (neoliberal) ideology, have come to dominate how we organize our lives. Silicon Valley and the tech sector is busy celebrating the “gig” economy. Companies have simply stopped hiring employees and now conduct much of their work using “temps”, “1099ers”, part-time —>> read more –>>
Books
Building the New American Economy – Not
The title of this short book, only 130 pages, Building the New American Economy: smart, fair, & sustainable by Jeffrey D. Sachs with a foreword by Bernie Sanders (Columbia University Press, 2017) is unfortunately misleading. There is much here about the new economy. The misleading part is that there is —>> read more –>>
Capitalism
The Social Responsibility of Business Is to Increase Its Profits
Milton Friedman asserted in his 9.13.1970 NYTimes opinion piece that “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open —>> read more –>>
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I am not surprised at your phenomenal take on what is wrong and what needs to be done to fix our political and economic morass. I am astonished at how accessibly you have presented your ideas to a liberal arts-educated person like myself. Economic Philosophy I believe is the title of the Freshman Studies required reading class of ’69. I think the presentation of your ideas is in part a tribute to being educated in communicating your ideas…I am extremely grateful for this. God help us if you were the product of an MBA.