“Like all misers he had a constant need to pit his wits against those of other men, to mulct them of their crowns by fair legal means. To get the better of others, was that not exercising power, giving oneself with each new victim the right to despise those weaklings of the earth who were…
Posts Tagged
money
Money Don’t Make Money
“Thus [in Keynesian economics] there is no need for any change in the mode of production for profit; just take control of the money machine to ensure an infinite flow of money and all will be well […] Well, capitalism is a monetary economy but it is not a money economy (alone). Money cannot make…
Increasing Minimum Wage and Worker Self-Directed Enterprises
“If democracy is a genuine foundational social value, it ought to govern the workplace first and foremost” – Richard Wolff I was recently engaged in an (admittedly obsessive) online debate about the ramifications of certain cities like Seattle raising their minimum wage to $15/hr. I kind of hate to link to it, but an article…
Generosity Should Hurt a Little
They all gave out of their wealth; but she, out of her poverty, put in everything–all she had to live on.” – Mark 12:44 In the above verse, Jesus is basically defining generosity by examining the effect the gift had on the life of the giver. The gifts of the rich people were meaningless in…
Fairs, Festivals & Finance: Confessions of Naiveté
“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” –John Maynard…
Economic Bug Fixes – Jaron Lanier, Who Owns the Future?
You might, for example, want to design a tablet to be pristine and platonic, without any physical buttons, but only a touchscreen. Wouldn’t that be more perfect and true to the ideal? But you can’t ever quite do it. Some extra physical buttons, to turn the thing on, for instance, turn out to be indispensable….
Richard Wolff Explains The Delusion of Regulation
Broadly defined, the government intervenes economically by regulating the economic interactions among and between enterprises and individuals. It does this by taxing their activities (earning income, owning wealth, spending money, and so on) and by making rules governing those activities. However, the real contents and effects of government regulations depend on the interests that govern their design and implementation….
Money-Theism: Joerg Rieger Explains How Economics is an Odd Sort of Religion
Part of the problem with the current economic crisis is that economics is based on an odd sort of faith, expressed tongue in cheek by the term “money-theism,” which has been popularized by comedian Stephen Colbert. There are a few big faith claims, like the ideas that economic deregulation always promotes growth, that tax cuts for powerful corporations…
Capitalism Get’s Human Nature Right, In One Sense At Least.
…it seems here that capitalism gets human nature right. This is one of the reasons capitalism appears to be more successful than communism. Communism seems to miss the mark on human nature. Ironically by being too optimistic and hopeful, even Christian. People don’t tend to work hard for the good of others. Saints might do…
Live in A Corporatocracy Much?
“A Corporatocracy within society, denotes a system of government that serves the interest of, and may be run by, corporations and involves ties between government and business. Where corporations, conglomerates, and/or government entities with private components, control the direction and governance of a country, including carrying out economic planning (notwithstanding the “free market” label)” (Wiki)