You’re not an island, right? But you think you are. Take world poverty. You probably think you’re innocently minding your own business over here — while various nefarious characters over there are the ones robbing the destitute. Nope. They couldn’t do it without you. To get a handle on that, we need to look at… Continue reading You’re Not an Island
Got the idea from a recent post on Evonomics.com by Prof. John M. Gowdy — two new ideas, actually, that triggered some old thoughts. First of all, noting President Trump’s slogan of America First, Prof. Gowdy claims it’s no less a problem than the individual moral failing of Me First. But more than that, he… Continue reading No Immune System
Economics — the Devil’s Discipline? Really? Or am I just picking sensational headlines? Well, I don’t really know much about the Devil. He turned down my request on Facebook. But I often find that exploring edgy propositions, which may turn out to be totally wrong, nonetheless can bring out issues that might get missed… Continue reading The Devil’s Discipline
Opposition to a Guaranteed Income System (GIS) is so bizarre. People talk about it being too expensive as if the alternative weren’t ten times worse. They say it will kill the incentive to work as if there are going to be jobs in the future. Let’s talk about that second point before we get into… Continue reading Basic Income – The High Cost of Dithering
It’s pretty unclear nowadays what’s capitalist, what’s socialist, what’s radical and what’s not. Actually it’s easy at the extremes. Pure capitalism (market does everything) pure socialism (government does everything) — they’re both too radical for most people. Except for some fringe libertarians, most reasonable people are seeking some position in between radical capitalism and radical… Continue reading Radical, Really?
When I taught Economics in China, I was critical of their gift-exchange culture, but in a very superficial manner. They must have thought I was a sanctimonious moron. I told them when they’re constantly bestowing gifts on each other, that those aren’t really gifts. They’re always expecting something in return, something equivalent, and giving something… Continue reading To Give But Not to Give
My good friend Eric Parsons, challenged me on a poster I put up on Facebook. It read as follows: “The moral crisis of or age has nothing to do with gay marriage or abortion; it’s insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Street’s continued gambling addiction, corporate payoffs to friendly politicians… Continue reading Moral Protest
Maybe some readers have seen The Big Short. It’s a movie about the financial crash of 2008 — showing how most weren’t clever enough to see that the financial system was being gamed, and how those who were clever enough got rich. It’s a good movie to show, exposing the barely-legal shenanigans (only legal because… Continue reading The Breathtaking Immorality of our Beloved Capitalism
Yep. But first … You don’t have to be an Economics student to get the message. It’s natural to want more. You can’t fight human nature. We’re acquisitive animals. It’s in or deepest nature to satisfy ourselves to the fullest extent possible. Economists say we’re insatiable. That doesn’t mean I’ll eat chocolate until I get… Continue reading Abundance, Really?
Armageddon’s kind of a stretch, eh? Well, yeah, but only a stretch. If we get all calm and analytical and social-scientist about it — armageddon includes wholesale moral and social breakdown — system breakdown. And that’s totally on the agenda. It comes to the fore with the Trump fiasco. He’s no libertarian — they believe… Continue reading Economic Armageddon