My last post dug into the challenge of equilibrium in economics. It’s an analytical lens, inherited from physical scientist Isaac Newton. When an economist invokes equilibrium and then looks through that lens only, doing so may obscure other aspects of emerging problems in actual economies. Laissez-faire economists were unable to cope with Great Depression problems […]
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Where to start? Let’s start here. Macroeconomics is largely science but built upon huge metaphysical assumptions. One notable assumption is orderliness. We should ask then, what happens when some assumptions, orderliness included, no longer describe aptly, the way in which the contemporary economic world has come to work? Our focus initially is upon physical scientist […]
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Really? Only one or the other? Just TWO choices, both extreme? Yup. Extreme ideologues on either side agree; there’s no middle. Just laissez-faire on one far-side and Karl Marx-style socialism on the other. To the contrary, at www.capitalismincrisis.org we spell out clearly how a vital middle is hiding in plain sight. It’s a middle just […]
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Four more years for President Trump? It may happen. But, how come? Well, his base loves him. Republican politicians fear him. Trump’s fans cheer when he sticks his finger in the collective eye of their perceived enemy: moderate and liberal America. Ironically, Trump’s agenda flies in the face of what we should be doing to […]
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Now is the moment of the Creeps. Who are they? Where are they? Maybe you get the creeps just listening to their nonsense. If your politics are moderate to liberal, chances are that’s true. Creeps are the follow-on to the “Chicken Little” people who peaked during Donald Trump’s 2016 presidential campaign. Remember their sloganeering? Did […]
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Who’s afraid? As Republican President Richard Nixon observed almost five decades ago, we’re all socialists now, essentially. See Tip 22. If you haven’t checked out a primo short on how socialism works, take a look at People in Denmark Are Much Happier Than People in the United States. Here’s Why. Indeed, U.S. socialism may also be called American corporate […]
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America is stuck. We’re tied down by partisan ideology. Fake news is a huge part of America’s paralysis. A Princeton University study finds that ultra-conservatives and many senior citizens “push” fake news at alarming rates, compared with the general population. Only 1 person in 12 shared bogus information during the 2016 survey year including Donald […]
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Several years ago, at a workshop I encountered a retired teacher with an interesting “take” on self-interest. “Why pay taxes to educate somebody else’s kid?” she asked. I was speechless, almost. Now, her question frames a huge part of why Democrats prevailed in suburban midterm elections. It’s about the common good. It’s about making brighter […]
Read MoreWe revisit the Trump White House just as the clock is about to strike midnight, and doom. First, zombie economists Robinson and Smith dig into the profound significance of “context.”
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