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…

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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…

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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…

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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….

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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….

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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…

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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)