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Category Archives: Economics and Capitalism
We Have Seen the Enemy and It is Us
The TEA party is pressing for less government, the Obama Administration is pressing for more regulation. Are both ‘solutions’ aimed at the wrong problem? Is it possible that the last decade has demonstrated that the American variety of capitalism has … Continue reading
From the Many to the Few
It should be no surprise that in the US (and most rich countries) the gap between rich and poor has been growing rapidly over the last three decades. Measures of income inequality grew over 20 percent between 1980 and 2007. … Continue reading
China is Changing the World
China is fast moving to superpower status. It has challenged US supremacy by suggesting an alternate reserve currency in place of the dollar and the US is increasingly reliant of China for manufactured goods, action on climate change, and sanctions … Continue reading
Consuming the Earth
Evidence is accumulating that human society as it currently operates is not sustainable. However, untangling just what is unsustainable about how humans live on Earth is very complex and therefore attracts more beliefs than data. Leftists complain that capitalism is … Continue reading
Will it All End with a Bang or a Whimper?
The cruel reality of T. S. Eliot’s poetry is appropriate. How will it all end? Will we collapse into chaos or can we manage a slow descent. George Monbiot and Paul Kingsnorth both think that we are doomed. But they … Continue reading
Who's the Culprit? Nearly everyone.
It seems to be a human trait to expect and to seek out singular causes of complex social phenomena. The credit crunch is a case in point. It has been variously blamed on Ronald Reagan, Bill Clinton, Phil Gramm, Fernand … Continue reading
Posted in Economics and Capitalism, Politics and Government, Uncategorized
Tagged beliefs, Complex Systems, credit crunch, ideas
4 Comments
May You Live in Interesting Times
Are we now threatened with this ancient Chinese curse? Baby boomers of the rich countries have been lulled into consumerism by the fall of the Berlin Wall, the collapse of the Soviet Union, and the alleged End of History. Now … Continue reading
Posted in Economics and Capitalism, Politics and Government, Social Systems
Tagged Add new tag, capitalism, global economy
1 Comment
Animal Spirits
In the late morning of March 6, 2009 CNBC commentator Lawrence Kudlow went off—again—on his favorite rant. President Obama is driving down the stock market and harming the economy by taxing capital. Capital formation will be harmed, Kudlow averred, as … Continue reading
No Normal
This is a recession, a deep one, but eventually the economy will return to ‘normal’. Both sides of the aisle in Washington believe this. If they are wrong, the economy will not return to equilibrium and there is no normal. … Continue reading
Ranting Rightists
In the later morning of March 6, 2009 CNBC commentator Lawrence Kudlow went off—again—on his favorite rant. President Obama is driving down the stock market and harming the economy by taxing capital. Capital formation will be harmed, Kudlow averred, as … Continue reading
