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 and others talk about bringing…
Reich’s latest cartoon does a good job of describing the changes in the US economy, weaker on the underlying political campaign by the rich and corporations to restructure the economy to their benefit. Worth the 6 minute viewing time.
Inequality in wealth and income is a continuing global crisis. The World Inequality Report 2018 defines the problem based on wealth ownership and the transfer of public wealth into private hands. Their are solutions but they require political organization and will.
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 Why Do We Need to…
Capitalism is driven by a single internal logic that requires the transformation of people and nature into commodities to produce profits. This logic is amoral and the system, excepting for external controls by government and social institutions, just churns on.
For all of the chest beating about the bold risks taken by capitalists, the capitalist time horizon is very short when compared to the many years of work that have gone into almost every significant scientific and technological advance. Without extensive government investment in activities that deliver longer term success, the capitalist system will simply eat its seed corn until it is gone.
If we want to offer an alternative analysis we need direct language that does not refer to thinking and issues from 150 years ago that invites immediate suspicions that those speaking are academics and intellectuals who by definition are not connected to the day-to-day realities of American life.
Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? Free-market Ideology (Neoliberalism) – the posts Footnotes [ + ] 1. ↥ 1st inaugural address 1983 2. ↥ Unfortunately I have not been able to find the original page this appeared on. The original Koch website economicfreedom.org no longer exists…
Keystone Essay What Is Market Capitalism and Why Do We Need to Understand It? (download a PDF version) Whether one envisions market capitalism as a coherent set of processes with a managing elite at the helm or as just important economic features of the overall human landscape, it long ago became a dominant feature of…
Keystone Essay Delusion – fixed false belief that is resistant to reason or confrontation with actual fact. Every society creates delusions, myths and stories to explain where it came from and how it works. These are so engrained in the culture that they form a central base for how members interpret their relationship to the environment and…
