Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It?


The US Economy

The US economy is still the largest in he world and it makes us one of the richest nations on earth. We think of it as the most dynamic, innovative, technologically advanced in the world. However, the trends of the recent decades show that there is much to be concerned about.

The results are extremely tilted in the favor of the top 10% and even then to the top 1% really. Everyone else has not had a pay raise in forty years. We are well beyond the transition from an economy that was dominated by manufacturing, making things, to a services economy with an outsized chunk of that concentrated in the super profits of the financial sector. Throughout the economy the educational requirements have changed from a simple high school diploma to a college degree and higher. Automation and process improvements have driven enormous increase in labor productivity but very little to none of the benefits have remained available to the bottom 905 of the population.

The focus of this delusion, the US economy, is on understanding the trends and seeking suggestions for policies that could make the results more equitably distributed and the externalized social and environmental costs more agreeable.


Posts about the US Economy

Video Posts, economy

Video Post: The Monopolization of the Economy and Zephyr Teachout’s “Break’Em Up”

October 27, 2020 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, education, inequality, justice/jails, racism, recently noted, video-movies-podcasts

“How Structural Racism Works” – Tricia Rose and Samuel Rosen – recently noted

June 7, 2020 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
books, economy, education, family, healthcare, inequality, justice/jails, politics

Tightrope – Americans reaching for hope by Kristof and WuDunn – book review

May 1, 2020 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, inequality, politics

How the Rich and Big Corporations Feed Off Us During the Pandemic

May 1, 2020 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

The Coming End of Branding and Logos….. the shutdown

February 14, 2020 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, family, inequality, recently noted

Recently Noted – “Across America, working-class people are dying of despair”

January 17, 2020 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

Real Estate Development – a local story –

December 16, 2019 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

Nobel Prize Winners Critique Markets – Duflo and Bannerjee

October 27, 2019 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

Recently Noted – Robert Reich on breaking up Big Tech – a limited view

The Monopolization of America video by Robert Reich
June 26, 2019 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

Monopoly and Facebook – as told by Facebook’s co-founder

Facebook logo
May 9, 2019 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics, recently noted, video-movies-podcasts

Recently Noted – Robert Reich: Socialism for the Rich, Capitalism for the Rest – a new video presentation

April 8, 2019 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, healthcare, video-movies-podcasts

Recently Noted – Sugar In Our Diet – the John Oliver Analysis

March 18, 2019 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, video-movies-podcasts

Recently Noted – Robert Reich video ”The Monopolization of America”

The Monopolization of America video by Robert Reich
March 7, 2019 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, women

Women Continue To Face A Big Pay Gap – and on into the future

lower pay on the dollar
December 18, 2018 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

The Monopolization of America

November 26, 2018 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, video-movies-podcasts

John Oliver and Monopoly Capitalism

F.C. Howe quote about business rules
February 21, 2018 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

The New Digital Monopoly Capitalism

February 20, 2018 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

Structure of Jobs Is Changing Rapidly – Political System Failing to Address Issue

January 23, 2018 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

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

eos.io website logo
January 17, 2018 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

A Note on Jobs & Unemployment – revised

US manufacturing out vs employment 1947 - 2011
December 31, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, family, inequality, recently noted

Recently Noted – A journey through a land of extreme poverty: welcome to America by Ed Pilkington

December 27, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, politics

Deficits, Deficits – the rhetoric of the forthcoming attacks on the poor

Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits
December 20, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, recently noted

Recently Noted: World Inequality Report 2018 – findings and policies

December 14, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, recently noted, video-movies-podcasts

Recently Noted – “Millions of professional drivers will be replaced…..” – NBC News

November 6, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

US Corporate Taxes Higher Than Rest of World?

November 5, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

Jobs, Automation, Walmart, and Globalization – low skill, low pay jobs disappearing

October 30, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

Recently Noted about the US Economy – Dynamism in Retreat

October 12, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

Globalization Taking American Hi-Tech Jobs – IBM example

October 1, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

Fragmentation and Isolation in the US Economy – Distressed Communities Index

September 29, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, political system, politics

Trickle-Down Returns to Enrich the Rich – updated

September 28, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, recently noted

Recently Noted – John Oliver and Monopoly Capitalism

September 26, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

United Airlines, Monopoly/Oligopoly, The Natural Laws of Capitalism

April 17, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
books, economy, free-market ideology, politics

Building the New American Economy – Not

April 5, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

Job (Business) Killing Regulations

March 2, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

The Internet and Demand Management (Advertising)

March 1, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, politics

How Much Money Would It Take To Eliminate Poverty in the US?

February 26, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, political system, politics

Talk Back: Correcting the Anti-Government Bias of Our Politics

January 29, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, political system, politics, video-movies-podcasts

Park Avenue and How We Got There

January 22, 2017 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

The Gig Economy in the Academy – a note

December 29, 2016 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
books, economy

Book Review – The Rise and Fall of American Growth

June 25, 2016 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

Inside Goldman Sachs with the Federal Reserve

September 27, 2014 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
books, economy, free-market ideology

Flash Boys Doesn’t Ask the Important Question

Flash Boys cover by Michael Lewis
April 7, 2014 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

Wall St – not about investing but fixing the game

playing cards
July 9, 2013 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

Thomas Friedman’s It’s a 401(k) World – facile, misleading

Thomas L. Friedman NYTimes
May 21, 2013 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

The Job Creators – Who Are They? The Rich, Really?

May 19, 2012 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

High Frequency Trading and Deeper Questions about Capitalism

March 27, 2012 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

Charts from Mother Jones Illustrate That the Rich Have Won the Class War

November 19, 2011 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

Economics Explained for 6th Graders

September 23, 2011 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, politics

Job Creation – A Pliable (Fraudulent) Rhetoric in the Current Debate over Debt and Debt Ceilings

July 12, 2011 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, politics

Where, Oh, Where Did Our National Debt Come From?

July 8, 2011 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, empire

More Thinking about the Defence Budget and US “Security” – a letter to the editor

May 6, 2011 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, politics

Let’s Talk About The Defense Budget – a letter to the editor

April 2, 2011 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, political system, politics

Corporations as Persons – Freedom of Speech, now Right to Privacy – Bring on Three Strikes!

January 20, 2011 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

Religious Doubt Spreads – Free Flows of Capital Seen as Dangerous to Some

Money floating around
November 12, 2010 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

The Mortgage Debacle – Redux

October 10, 2010 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

Krugman Asleep at the Wheel of History ….. the elite has not been interested for forty years…

August 2, 2010 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

Do We Need Wall St. and all the other gamblers in the financial services world?

April 20, 2010 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy

The Two Faces of Mortgage Debt – “Return to Creditor”

January 25, 2010 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology

How Did We Come To Consider Corporations to Be Natural Persons? – What To Do Next?

January 25, 2010 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

Controlling Gambling by Wall St. and the Big Banks – Bad for Business?

January 22, 2010 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
books, economy, free-market ideology

Book Review: Manias, Panics, and Crashes: a history of financial crises by Kindleberger

Manias,Panics,and Crashes by Kindleberger
November 13, 2009 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>
economy, free-market ideology, politics

Enron, Trust and Malfeasance

January 29, 2002 Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It? The US Economy The US economy is still the largest in he world and it makes us one of the --->> read more -->>