Radical, Really?

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?

To Give But Not to Give

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

Abundance, Really?

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?

The Breathtaking Immorality of our Beloved Capitalism

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

The Austerity Racket

They always spell “austerity” wrong. It should be spelled “extortion”. When financial barons bully the government into submission, they call it “austerity”. When the mafia bully the corner grocery store into submission, it’s called a “protection racket”. You know the story. “Wouldn’t it be a shame if your nice little store got too close to… Continue reading The Austerity Racket