free-market ideology

Video Post – Externalities – getting somebody else to pay for my production costs – the In Depth Capitalism series

Capitalism features a structural drive to create and use external costs to increase profits. Pollution of the earth is the most obvious and visible; there are many others including injuries and death for workers. Share this:TweetLike this:Like Loading...
evicted press photo
family

Evicted – the book and the exhibition

We read Evicted – poverty and profit in the American city by Matthew Desmond last year in our local library book group. Recently on a visit to Washington DC to the National Building Museum (401 F St. NW – Judiciary Square Metro stop) we came on an exhibit based on --->> read more -->>
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economy

The Monopolization of America

Adam Smith discussed the harms caused by monopolies in the frequently, ritualistically cited book, The Wealth of Nations. The progressive politics of the end of the 19th century and into the beginning of the 20th was marked by a deep reaction to the monopolistic practices of large companies then. This --->> read more -->>
F.C. Howe quote about business rules
economy

John Oliver and Monopoly Capitalism

Corporate concentration of income and wealth are core features of capitalism. From its earliest chroniclers and cheerleaders like Adam Smith, the drive for corporations to get ever larger and in the doing drive their competitors out of the market was noted and warned against. In the US, the late 19th --->> read more -->>
economy

The New Digital Monopoly Capitalism

The New Digital Monopoly Capitalism Capitalism has always been marked by relentless growth, the destruction of smaller businesses by larger, and ultimately the creation of oligopoly and monopoly corporations. From the earliest descriptions of capitalism, even by proponents like Adam Smith, this tendency towards concentration was warned against. In the --->> read more -->>
eos.io website logo
economy

Recently Noted – the future of bitcoin and blockchain technologies – UPDATED

The Future of Bitcoin and Blockchain Technologies UPDATE 1/22/2018 While watching a football game over the weekend this ad from IBM was shown several times. At the very end you hear the word “blockchain”. IBM is in the blockchain business? A visit to the IBM website reveals that they are --->> read more -->>
US manufacturing out vs employment 1947 - 2011
economy

A Note on Jobs & Unemployment – revised

A Note on Jobs & Unemployment Original publication date – 12/27/2016; Revised – 12/31/2017 As the presidential campaign of 2016 fades away and the Trump Era begins, we find a national scene without any real discussion of the facts of jobs and unemployment and what the future might bring. Trump --->> read more -->>
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Delusion

Introduction to American Delusions

This website casts new light on the delusions of American life. It provides facts and analysis to critique thinking that serves to shield activities of those seeking to gain advantage over others. To get started read Delusions of American Life first. Then, see the keystone essay, “What Is Capitalism and --->> read more -->>
environment

Dumping Concrete: a law of capitalism In action – a local example

The May 3rd post “Unbelievable” on our favorite local blog GossipsOfRivertown.blogspot.com caught our attention. This F.H.Stickles concrete truck dumping waste concrete next to a stream running into the Hudson River is a local demonstration of one of the central laws of capitalism. For more pictures of this incident go here. --->> read more -->>
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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 -->>
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environment

BEHEMOTH (BEI XI MO SHOU) at TSL Hudson

This 2015 movie by Chinese director Liang Zhao is filled with great cinematography and sounds. It trades back and forth between scenes of enormous horizon gulping coal mines, under ground mines, iron making, and ends with scenes of a ghost city filled with enormous apartment blocks in a newly developed --->> read more -->>